Blue-chip index for India
Dow Jones Indexes is expanding its Dow Jones Global Titans family by adding a blue-chip index for India. The launch of the Dow Jones India Titans 30 was announced by Rupert Murdoch, the chairman and chief executive of News Corporation in Mumbai.
“The growing importance of India to the world and to Dow Jones and News Corporation is obvious to all. What the world needs is a trusted means of measuring this country’s development and an index that can be used by investors around the world to track the progress of Indian companies and the Indian economy,” Murdoch said.
The Dow Jones India Titans 30 measures the performance of the 30 largest and most liquid stocks listed on the Bombay Stock Exchange and the National Stock Exchange of India. The composition of the index is based on ranking by free-float market capitalisation and 12-month average daily trading volume.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.