SSB Broad Market Index | Definition | What is it?

SSB Broad Market Index

SSB Broad Market Index Definition

Salomon Smith Barney's Broad Market Index (BMI) represents the universe of institutionally available global securities. The modular design of the indices allows for the creation of customized indices such as Pacific Basin, Europe, North America, etc. All of the indices are constructed on a capitalization-weighted basis. Only issues that non-domiciled investors can directly purchase are included. Each issue is weighted by the proportion of its available equity capital (float) after adjusting for the following four types of unavailable capital: corporate cross-ownership, legally restricted shares, large private holdings, and government-held shares. The following countries are covered:

Australia

Hong Kong

Singapore

Austria

Ireland

Spain

Belgium

Italy

Sweden

Canada

Japan

Switzerland

Denmark

Malaysia

United Kingdom

Finland

Netherlands

United States

France

New Zealand

Germany

Norway

The BMI is segmented into two components, the Salomon Smith Barney Primary Market Index (PMI) and the Salomon Smith Barney Extended Market Index (EMI).

Currency: US dollars


For over 1,000 additional terms and definitions please see our Investment Glossary Guide.

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