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John Welling

Director, Equity Indices, S&P Dow Jones Indices

John Welling is Director, Equity Indices at S&P Dow Jones Indices (S&P DJI). He is responsible for the product management of S&P DJI’s global index suites, including the S&P Global BMI, S&P Global 1200, and S&P Islamic Indices. In his role, John leads efforts to develop new benchmarks, promotes existing offerings, and regularly publishes market commentary, analytical reports, and research.
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Apr 21, 2022

Global Islamic Indices Lagged in Q1 2022 in a Reversal from 2021

Global equities fell during the first quarter of the year, declining 5.5% as measured by the S&P Global BMI amid heightened volatility, surging inflation and the Russia-Ukraine conflict. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, underperformed their conventional counterparts during the quarter, as the Information Technology…

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Jan 18, 2022

Global Islamic Indices Advanced 20% YTD, Outperforming Conventional Benchmarks in 2021

Global equities gained in the last quarter of the year, climbing 5.8% as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, outperformed their conventional counterparts by approximately 2.5% in the quarter due largely to their overweight in the U.S. Information Technology…

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Oct 21, 2021

S&P China 500 Fell 10.5% in Q3, Pushed Lower by Consumer and Tech Stocks

The S&P China 500 declined 10.5% during Q3 2021, succumbing to dramatic losses across consumer- and technology-driven companies. Performance also continued to lag the broader S&P Emerging BMI and S&P Developed BMI, which fell 6.2% and 0.4%, respectively. China’s Underperformance versus Regional Peers The index likewise trailed regional benchmarks YTD—the S&P China 500 was down…

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Oct 20, 2021

Global Islamic Benchmarks Near Flat in Q3 2021, Narrowly Trailed Conventional Benchmarks YTD

Global equities retreated, declining 1% during Q3 2021, as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, declined similarly, each losing 0.8% during the period. While the quarterly figures narrowly favored the Islamic indices, their YTD performance lagged, in part due…

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Jul 15, 2021

Global Islamic Indices Continued Advance in H1 2021, but Lagged Conventional Counterparts

Global equities continued to rise during the second quarter, gaining 7.2% as measured by the S&P Global BMI, raising the YTD tally to 12.8%. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, somewhat underperformed their conventional counterparts YTD, in part due to continued strength in the Financials…

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Apr 21, 2021

Global Islamic Indices Advanced in Q1 2021, but Lagged Conventional Counterparts

Global equities continued to rise during Q1 2021, gaining 2.5%, as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, underperformed their conventional counterparts in Q1, in part due to the strong performance of the Financials sector, which gained nearly 12% during…

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Feb 21, 2021

Accessing the Growth of the “New China” Economy

As China’s economy matures, consumption and service-related industries are becoming structurally more important. Because the country’s stock market continues to have significant exposure to “old economy” sectors, many market participants are seeking alternative index solutions to participate more directly in China’s fastest growing areas. Launched in September 2016, the S&P New China Sectors Index provides…

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Jan 20, 2021

Global Islamic Indices Advanced 28% YTD, Outperforming Conventional Benchmarks up to 12%

Global equities enjoyed substantial gains in the last quarter of 2020, gaining 15.9%, as measured by the S&P Global BMI. Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, slightly underperformed their conventional counterparts in Q4 2020 due to the strong performance of the conventional Financials sector, which…

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Nov 23, 2020

Is South Korea Crowding Your Emerging Markets Allocation?

Key to evaluating core international equity benchmarks is an understanding of the country exposures offered. Developed and emerging market country classification differences between index providers may lead to notable geographic exposure differences across market segments. One of the most meaningful instances of this involves South Korea, which S&P DJI has classified as a developed market…

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Oct 21, 2020

The S&P Global BMI’s Comprehensive Small-Cap Segment

The S&P Global BMI’s small-cap segment provides the most comprehensive measure of global small-cap securities in the market. Introduced in 1989, the S&P Developed SmallCap was the first global index covering the small-cap size range.1 At the time, international equity investing almost exclusively focused on large- and mid-cap companies, as defined by MSCI’s “Standard” index…

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