S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S.


DEFINITION of 'S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S.'

A market-capitalization weighted index maintained by Standard and Poor's providing a broad measure of the global equities markets, excluding the U.S. market. The S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S. is a division of the S&P/Citigroup Broad Market Index (BMI) Global, which includes approximately 11,000 companies in more than 52 countries covering both developed and emerging markets. The S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S. contains approximately 8,000 stocks.

BREAKING DOWN 'S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S.'

Excluding the U.S., a country will be eligible for inclusion in the index if it has float-adjusted market capitalization of US$1 billion or more and its market capitalization weight is at least 40 basis points in either the emerging market or developed world indexes. A company will be eligible to be included in the index if it has float-adjusted market value of US$100 million or more, with a minimum of US$50 million value traded over the past 12 months.

  1. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote ...
  2. Global Fund

    A type of mutual fund, closed-end fund or exchange-traded fund ...
  3. S&P/Citigroup Broad Market Index ...

    A market-capitalization-weighted index maintained by Standard ...
  4. Index

    A statistical measure of change in an economy or a securities ...
  5. Weighted Average Market Capitalization

    A stock market index weighted by the market capitalization of ...
  6. Market Capitalization

    The total dollar market value of all of a company's outstanding ...
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