S&P Dow Jones Indices
Joint venture that produces stock market indices / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about S&P Dow Jones Indices?
Summarize this article for a 10 year old
S&P Dow Jones Indices LLC is a joint venture between S&P Global, the CME Group, and News Corp that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as the basis of investable products, such as exchange-traded funds (ETFs), mutual funds, and structured products. The company currently has employees in 15 cities worldwide, including New York, London, Frankfurt, Singapore, Hong Kong, Sydney, Beijing, and Dubai.
This article needs additional citations for verification. (June 2023) |
S&P Dow Jones Indices | |
Company type | Joint venture |
Founded | 1882; 142 years ago (1882) |
Founder | Charles Dow, Edward Jones, Charles Bergstresser |
Headquarters | 55 Water Street, New York City, New York, United States |
Owner |
|
Website | www |
The company's best known indices are the S&P 500 and the Dow Jones Industrial Average (DJIA), which were created in 1957 and 1896, respectively. The company also manages the oldest index in use, the Dow Jones Transportation Index, created in 1882 by Charles Dow, the founder of The Wall Street Journal.
S&P Global (formerly McGraw Hill Financial, Inc.), owner of Standard & Poor's, controls 73% of the joint venture, CME Group owns 24.4% through its affiliates.