Reid Steadman

Managing Director, Equity Indices
S&P Dow Jones Indices
Biography

Reid Steadman is managing director of equity indices at S&P Dow Jones Indices. Reid is responsible for the product management of S&P Dow Jones Indices’ U.S., Global, ESG, and Volatility indices.

Prior to his current position, Reid was head of ETF licensing and, before that, a member of S&P Dow Jones Indices’ marketing team. Before joining Standard & Poor’s in 2003, Reid worked as an economist for the United States Bureau of Labor Statistics.

Reid holds a B.A. in economics from Brigham Young University. He also holds an MBA from Carnegie Mellon University, with emphases in finance and marketing.

Author Archives: Reid Steadman

Index Basics: Calculating an Index’s Total Return

Total return indices deserve more attention.  They more closely represent what an investor actually takes home: the return of an index, plus dividends paid and reinvested in the index.  Their better-known counterparts, which only track price changes in securities—often called “price return indices”1—get all the fanfare (see “Dow Hits 20,000 for the First Time”).  Total Read more […]

Our Humble Solution to Unite Europe

Henry Kissinger famously said, “Who do I call if I want to speak to Europe?” In the world of investments, a similar question could be asked, “What index do I use if I want to invest in Europe?” The answer isn’t apparent, and this is why: the leading regional index in Europe, the EURO STOXX Read more […]

Why MSCI and S&P Dow Jones Indices Began Working Together in One Important Way

MSCI and S&P Dow Jones Indices respect each other, as good rivals should, but we often disagree. We see South Korea as a developed market and MSCI classifies it as emerging; we have 500 companies represented in our leading US index and MSCI has 295; we have our own free float methodology and they have Read more […]

An Index with a Scary Name and a Serious Return

Passive investors do not buy and sell single securities, but they are often active in another way, in their search for indices that provide compelling return profiles. This is why I’m befuddled that a certain index – which is up 300% over the past 5 years – attracts so little attention. I have a few Read more […]

How to Get into (Index) Heaven

A poll conducted in 2014 revealed that 74% of Americans believe in heaven, which was defined for respondents as a place “where people who have led good lives are eternally rewarded.” The index world has a heaven too, where companies aspire to be and good deeds are recognized. It’s called the Dow Jones Sustainability Index. Read more […]

$60 Trillion – Yes, Trillion – Committed to Investing This Way

Index providers often work with large pensions and asset managers, so it’s difficult to surprise us with big numbers. Recently, though, I saw a chart with some staggering sums. I am pasting it below. What is the PRI? This chart shows the investment world’s adoption of the “PRI”, the Principles for Responsible Investment. In 2006, Read more […]

The Greece Crisis is Not Our Concern, Say US Options Investors

English speakers have grown to love the German word schadenfreude. But what’s the single word for indifference to the suffering of others? We need to figure this out to describe what’s happening in the US options markets. For the past decade, European and US options investors have been sympathetic to each other’s pains. When we Read more […]

The Essence of VIX: What You Really Need to Know

What is the essence of VIX? This may seem like an abstract, philosophical question, but I can assure you it is not. It is a practical one, and if you can understand what makes VIX unique, you will know why this index matters so much. Informed investors know that VIX: Employs a wide range of options Read more […]

Tools for Managing Home Price Risk Are Emerging

S&P Dow Jones Indices offers information for hundreds of indices on our website, but two in particular drive a large portion of our traffic: the S&P 500 and the S&P/Case-Shiller Home Price Indices. It’s easy to understand why people would be searching for the S&P 500. By using this popular index and the financial products Read more […]

A VIX for the Energy Sector

As oil prices have fallen, many investors with exposure to energy companies have wisely kept an eye on VIX. But there is another volatility benchmark – one more suited to energy equity investments – which investors should also watch carefully: VXXLE. VXXLE is the ticker for the CBOE Energy Sector ETF Volatility Index. This index has same Read more […]