S&P Dow Jones Indices Launches MyIndex™ and Collaborates with Brooklyn Investment Group to Expand Access to Customizable Indices
S&P Dow Jones Indices (S&P DJI) and Brooklyn Investment Group have launched MyIndex™, a customizable version of S&P DJI's market-leading indices, on Brooklyn's managed accounts platform. This collaboration expands access to S&P DJI's indices, including core U.S. equity indices like the S&P 500®, S&P SmallCap 600®, and S&P MidCap 400®. The partnership allows market participants to build and implement bespoke, index-based portfolio solutions with automated tax-loss harvesting.
The initiative aims to meet the growing demand for indices and index-based solutions, offering investors more choice and flexibility. It reflects S&P DJI's commitment to engaging with various financial institutions and product providers to make their indices available through different channels and platforms.
S&P Dow Jones Indices (S&P DJI) e Brooklyn Investment Group hanno lanciato MyIndex™, una versione personalizzabile degli indici leader di mercato di S&P DJI, sulla piattaforma di conti gestiti di Brooklyn. Questa collaborazione amplia l'accesso agli indici di S&P DJI, inclusi gli indici azionari core degli Stati Uniti come il S&P 500®, S&P SmallCap 600® e S&P MidCap 400®. La partnership consente ai partecipanti di mercato di costruire e implementare soluzioni di portafoglio su misura, basate su indici, con un'automazione nella raccolta di perdite fiscali.
L'iniziativa mira a soddisfare la crescente domanda di indici e soluzioni basate su indici, offrendo agli investitori maggiore scelta e flessibilità. Riflette l'impegno di S&P DJI a collaborare con diverse istituzioni finanziarie e fornitori di prodotti per rendere i loro indici disponibili tramite vari canali e piattaforme.
S&P Dow Jones Indices (S&P DJI) y Brooklyn Investment Group han lanzado MyIndex™, una versión personalizable de los índices líderes de S&P DJI, en la plataforma de cuentas gestionadas de Brooklyn. Esta colaboración amplía el acceso a los índices de S&P DJI, incluidos los índices de acciones principales de EE. UU., como el S&P 500®, S&P SmallCap 600® y S&P MidCap 400®. La asociación permite a los participantes del mercado construir e implementar soluciones de cartera personalizadas basadas en índices, con recolección automática de pérdidas fiscales.
La iniciativa tiene como objetivo satisfacer la creciente demanda de índices y soluciones basadas en índices, ofreciendo a los inversores más opciones y flexibilidad. Refleja el compromiso de S&P DJI de colaborar con diversas instituciones financieras y proveedores de productos para hacer que sus índices estén disponibles a través de diferentes canales y plataformas.
S&P 다우 존스 지수(S&P DJI)와 브루클린 투자 그룹은 브루클린의 관리 계좌 플랫폼에서 S&P DJI의 시장 선도 지수의 사용자 정의 버전인 MyIndex™를 출시했습니다. 이 협업은 S&P DJI의 지수, 특히 S&P 500®, S&P 소형주 600® 및 S&P 중형주 400®와 같은 주요 미국 주식 지수에 대한 접근을 확대합니다. 파트너십을 통해 시장 참여자들은 맞춤형 지수 기반 포트폴리오 솔루션을 구축하고 구현할 수 있으며, 자동화된 세금 손실 수확도 가능합니다.
이 이니셔티브는 지수 및 지수 기반 솔루션에 대한 증가하는 수요를 충족하는 것을 목표로 하며 투자자에게 더 많은 선택과 유연성을 제공합니다. 이는 S&P DJI가 다양한 금융 기관 및 제품 제공업체와 협력하여 다양한 채널과 플랫폼을 통해 지수를 제공하려는 의지를 반영합니다.
S&P Dow Jones Indices (S&P DJI) et Brooklyn Investment Group ont lancé MyIndex™, une version personnalisable des indices de pointe de S&P DJI, sur la plateforme de comptes gérés de Brooklyn. Cette collaboration élargit l'accès aux indices de S&P DJI, y compris les indices boursiers de base américains tels que le S&P 500®, le S&P SmallCap 600® et le S&P MidCap 400®. Le partenariat permet aux participants du marché de construire et de mettre en œuvre des solutions de portefeuille sur mesure, basées sur des indices, avec une récolte automatique des pertes fiscales.
L'initiative vise à répondre à la demande croissante pour des indices et des solutions basées sur des indices, offrant aux investisseurs plus de choix et de flexibilité. Elle reflète l'engagement de S&P DJI à collaborer avec diverses institutions financières et fournisseurs de produits pour rendre leurs indices disponibles par le biais de différents canaux et plateformes.
S&P Dow Jones Indices (S&P DJI) und die Brooklyn Investment Group haben MyIndex™ ins Leben gerufen, eine anpassbare Version der führenden Markt-Indizes von S&P DJI, auf der verwalteten Kontoplattform von Brooklyn. Diese Zusammenarbeit erweitert den Zugang zu den Indizes von S&P DJI, einschließlich der wichtigsten US-Aktienindizes wie dem S&P 500®, S&P SmallCap 600® und S&P MidCap 400®. Die Partnerschaft ermöglicht es Marktteilnehmern, maßgeschneiderte, indexbasierte Portfolios mit automatisierter Verlustverrechnung zu erstellen und umzusetzen.
Die Initiative zielt darauf ab, der wachsenden Nachfrage nach Indizes und indexbasierten Lösungen gerecht zu werden und den Investoren mehr Auswahl und Flexibilität zu bieten. Sie spiegelt das Engagement von S&P DJI wider, mit verschiedenen Finanzinstituten und Produktanbietern zusammenzuarbeiten, um ihre Indizes über verschiedene Kanäle und Plattformen zugänglich zu machen.
- Expansion of S&P DJI's market reach through collaboration with Brooklyn Investment Group
- Introduction of MyIndex™, offering customizable versions of S&P DJI's leading indices
- Increased accessibility to core U.S. equity indices like S&P 500®, S&P SmallCap 600®, and S&P MidCap 400®
- Potential for new revenue streams through licensing of indices and related data
- None.
Insights
The collaboration between S&P Dow Jones Indices and Brooklyn Investment Group marks a significant shift in the investment landscape. By introducing MyIndex™, they're democratizing access to customizable indices, a move that could disrupt traditional ETF and mutual fund markets.
This partnership leverages direct indexing, a growing trend that allows investors to own individual stocks that make up an index, rather than buying shares of a fund. The key advantages include greater tax efficiency through tax-loss harvesting and increased portfolio customization.
For investors, this means more control over their portfolios and potentially lower costs. However, it's important to note that while this offers more flexibility, it also requires more active management and understanding of market dynamics. The success of this initiative will largely depend on the ease of use of Brooklyn's platform and the appetite of investors for personalized indexing solutions.
This collaboration signals a strategic move by S&P DJI to adapt to evolving market demands. The direct indexing market is projected to grow significantly, with some estimates suggesting it could reach
The offering of core U.S. equity indices like the S&P 500®, S&P SmallCap 600® and S&P MidCap 400® through MyIndex™ provides a strong foundation for customization. This move could attract both retail and institutional investors looking for more tailored investment solutions.
However, the success of this initiative will depend on factors such as user adoption rates, the performance of customized indices compared to traditional funds and the ability to educate investors about the benefits and complexities of direct indexing.
The launch of MyIndex™ represents a significant shift in investment strategy options. This tool allows for hyper-personalization of portfolios, enabling investors to align their investments more closely with their values, risk tolerance and financial goals. The inclusion of automated tax-loss harvesting is particularly noteworthy, as it can potentially enhance after-tax returns.
However, investors should be cautious. While customization offers benefits, it also introduces complexity. There's a risk of over-optimization or straying too far from well-diversified index strategies. Additionally, the success of tax-loss harvesting depends on market conditions and individual tax situations.
For financial advisors, this platform could be a powerful tool to differentiate their services and add value. However, it will require a deep understanding of both the technology and its implications for portfolio construction and management. The concept of "operational alpha" mentioned by Brooklyn's CEO is intriguing but needs to be proven in practice.
As the demand for indices and index-based solutions continues to grow,
"One of S&P DJI's key priorities as an independent index provider is to continue offering choice to the market. As such, S&P DJI engages and collaborates with a wide range of financial institutions and product providers to license our innovative indices and data to make them available to a variety of market participants and channels," said Dan Draper, Chief Executive Officer at S&P DJI. "By collaborating with
"S&P DJI has been closely monitoring the direct indexing ecosystem for quite some time and is actively engaged with various platforms to understand how our data offerings may be used for direct indexing," said Brandon Hass, Head of Direct Indexing and Model Portfolios at S&P DJI. "Direct indexing is part of an ongoing market evolution, as new technologies and investing platforms emerge, market participants' demand for portfolio customization increases, and preferences shift. S&P DJI is excited to collaborate with
Market participants can now leverage thousands of S&P DJI indices, including core
"
For more information about using S&P DJI indices in direct indexing solutions, please visit: https://www.spglobal.com/spdji/en/landing/topic/direct-indexing/.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/spdji/en/.
The S&P Dow Jones indices (the "Indices") are products of S&P Dow Jones Indices LLC and/or its affiliates ("SPDJI") and/or their third-party licensors and have been licensed for use by Brooklyn. S&P®, S&P 500®, S&P MidCap 400®, S&P SmallCap 600®, US 500™, The 500™, MyIndex ™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); third party licensor trademarks in the Indices, if any, are trademarks of the respective third party licensors and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Brooklyn.
ABOUT
Brooklyn Investment Group is an SEC-registered investment adviser that combines artificial intelligence with institutional-grade portfolio optimization and automated tax-loss harvesting to power personalized portfolios for its clients, which include wealth and asset management firms. To learn more about the company, its technology, and career opportunities, visit BKLN.com, LinkedIn, or reach out to us at info@bkln.com.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Brooklyn Investment Group, The Nasdaq, Inc., its affiliates, and its licensors do not make any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq's proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
FOR MORE INFORMATION:
S&P Dow Jones Indices
April Kabahar
Global Head of Communications
(+1) 917 796 3121
april.kabahar@spglobal.com
Alyssa Augustyn
Americas Communications
(+1) 773 919 4732
alyssa.augustyn@spglobal.com
Brooklyn Investment Group
Stella Binkevich
Head of Operations
(+1) 908 460 6020
stella@bkln.com
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SOURCE S&P Dow Jones Indices
FAQ
What is MyIndex™ and how does it relate to S&P Dow Jones Indices (SPGI)?
Which major indices are available through MyIndex™ on Brooklyn's platform?
How does the S&P DJI and Brooklyn Investment Group collaboration benefit investors?
When was MyIndex™ launched by S&P Dow Jones Indices (SPGI)?
