
John Welling
Director, Equity Indices, S&P Dow Jones Indices
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.
Prior to joining S&P DJI, John was Assistant Vice President of Structured Product Sales at HSBC, where he was responsible for improving dealer relationships and developing product distribution strategies.
John holds a bachelor’s degree in business management from Brigham Young University.
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…
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…
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…
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…
Global equities withstood a slump in the last month of the quarter, ultimately gaining 8.1% in Q3 2020 and entering positive territory YTD, as measured by the S&P Global BMI. Meanwhile, Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, significantly outperformed conventional indices, ultimately gaining an advantage…
Before making its permanent home at S&P DJI in 2004, the S&P Global BMI Series was introduced 15 years prior by Salomon Brothers in 1989. Although MSCI EAFE has the honor of being the first international equity index, the S&P Global BMI lays claim to a number of important firsts in the global indexing industry—the…
Global equities rallied during Q2 2020, gaining 20% as measured by the S&P Global BMI. Shariah-compliant benchmarks, meanwhile, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, significantly outperformed—entering positive territory YTD—well ahead of the 6.8% decline of the S&P Global BMI (see Exhibit 1). The outperformance trend played out…
Amid Losses, Shariah-Compliant Benchmarks Beat Conventional Counterparts by Substantial Margins Global equities fell 22.3% during Q1 2020, as measured by the S&P Global BMI, with COVID-19 taking center stage and cases growing worldwide. The S&P Global BMI Shariah—which fell 17.2%—markedly outperformed its conventional benchmark by more than 500 bps, marking its greatest quarterly outperformance since…
As investors grapple with the economic fallout of COVID-19 and seek to understand its impact, China has become an unexpected stabilizing force in emerging markets. Despite being the epicenter of the outbreak, Chinese equities have experienced lower volatility, minimal currency fluctuation, and less exposure to falling oil prices in the recent market environment in comparison…
Shariah-Compliant Benchmarks Continued to Outperform Conventional Indices Global S&P and Dow Jones Shariah-compliant benchmarks finished a standout 2019, a welcomed turnaround in comparison to the lackluster returns of the prior year. Broad-based Islamic indices outperformed their conventional counterparts in 2019 as Information Technology—which tends to be overweight in Islamic indices—led sector returns by significant margins,…