Global markets are teeming with unknown variables. It helps to have a benchmark that isn’t.


  • Comprehensive coverage
  • A consistent approach
  • Modular, non-overlapping subindices
  • The foundation for a wide range of strategy indices

Comprehensive Coverage

The S&P Global BMI (Broad Market Index) series is designed to capture the global, investable opportunity set.

Spanning 50 developed and emerging market countries and more than 11,000 companies, it tracks over 99% of each constituent country’s available market capitalization. And it’s easy to slice and dice. Over 200,000 subindices are broken down by country, region, size, GICS® sector, and style, helping investors act on views broad and narrow. The S&P Frontier BMI covers an additional 32 frontier market countries.

S&P Global BMI Series Countries

S&P BMI Series

S&P Global BMI Size Indices

The S&P Global BMI includes all companies with float-adjusted market cap greater than USD 100 million meeting 6- and 12-month median value traded requirements. The S&P Global BMI is segmented into size indices based on cumulative market capitalization breakpoints within each country.

S&P Global BMI Size Indices

A Consistent Approach

Introduced in 1989 as the world's first float-adjusted global benchmark, the S&P Global BMI has used a near-constant methodology for over 25 years, changing only when necessary to keep pace with evolving best practices. With live data that extends back over several economic cycles, the index series provides investors with insights on real performance during different market conditions.

Modular, Non-overlapping Subindices

S&P Global BMI indices follow a flexible, customizable, building-block approach, allowing investors to seamlessly benchmark or achieve exposure to countries, regions, sectors, size segments, and investment styles that are backed by a common methodology. The family is designed with clearly defined divisions between segments and no gaps or overlaps in coverage, so market participants can avoid missing pieces of the market or accruing unwarranted, double-risk exposure.

The Foundation for a Wide Range of Strategy Indices

S&P Global BMI indices serve as performance benchmarks, the basis for passive investment products, and as a universe for historical market analysis and backtesting investment strategies. S&P Global BMI indices also serve as the foundation for more complex strategy indices, including those targeting factors and ESG. Using a comprehensive underlying global benchmark with consistent historical data helps to avoid unintended biases when constructing more complex strategy and custom indices.

More Information

Explore our full range of S&P Global BMI indices or visit our blog for our latest perspectives on the markets.

Visit our Index-Linked Products page for information on indices licensed as the basis of ETFs.