Morningstar has launched 60 global equity indices.
The Morningstar Global Equity Index range now spans 45 countries across both developed and emerging markets and constitutes 97 per cent of the world’s listed companies.
Thew firm says the range will be a foundation for “the next generation of Morningstar ’strategic beta’ indices.”
Morningstar Indexes head Sanjay Arya says the new benchmarks are a mix of regional, single-country and global indices.
“As more and more individual investors, advisers, and institutions take a global perspective to investing, our new index family will provide them with meaningful, consistent worldwide views across market capitalisations and regions to provide a deeper understanding of market behaviour throughout the globe,” he adds.
The new indices are available with end-of-day returns and constituent data in the company’s institutional research platform Morningstar DirectSM.
Soon, the firm will add the benchmarks to the Morningstar Advisor WorkstationSM and the Morningstar website.
For the list of indices, click here.
Morningstar has more than 280 indices and about 40 exchange traded products track Morningstar indexes globally.