S&P Global BMI indices will undergo its annual reconstitution on 22 September 2014.
This year’s major changes to the S&P Global BMI indices are the reclassification of Greece to Emerging status from Developed status, as well as the reclassification of Qatar and UAE from Frontier status to Emerging status.
Greece’s constituents will be removed from all S&P Developed BMI market indices and will become a part of the S&P Emerging BMI series. Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
After the reconstitution, Greece, Qatar and the UAE will represent approximately 0.8 per cent, 0.9 per cent and 1.0 per cent respectively of the S&P Emerging BMI.
Greece, Qatar and the UAE will represent approximately 0.09 per cent, 0.09 per cent and 0.10 per cent of the S&P Global BMI.
The largest countries in the S&P Emerging BMI will be China (24.0 per cent), Taiwan (14.1 per cent), Brazil (11.3 per cent) and India (10.0 per cent).
The S&P UAE BMI will include 30 components. The largest weight will be Emaar Properties, First Gulf Bank and National Bank of Abu Dhabi.
The S&P Qatar BMI will include 27 components. The largest weight will be Qatar National Bank, Masraf Al Rayan and Ooredoo.