NEW
YORK, Sept. 16, 2024 /PRNewswire/ -- S&P Dow
Jones Indices ("S&P DJI"), the world's leading index provider,
and Brooklyn Investment Group ("Brooklyn") today announced the launch of
MyIndex™, a customizable version of S&P DJI's market-leading
indices offering, on Brooklyn's
managed accounts platform.
As the demand for indices and index-based solutions continues to
grow, Brooklyn's managed accounts
platform enables market participants to build and implement
bespoke, index-based portfolio solutions powered by S&P DJI's
MyIndex™ offering. Through this license of its iconic equity
indices and related data, S&P DJI expands access to its indices
via another tool of choice for market participants while remaining
aligned with its publicly available index methodologies.
"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 Brooklyn to deliver our indices on their
technology-based platforms, S&P DJI looks forward to
facilitating access to our intellectual property as a new
generation of investors participates in markets and reflects the
ongoing transformation in global financial markets."
"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
Brooklyn to deliver MyIndex™ on
this platform."
Market participants can now leverage thousands of S&P DJI
indices, including core U.S. equity indices such as the S&P
500®, the S&P SmallCap 600® and the
S&P MidCap 400® through MyIndex™ on Brooklyn's platform, which seamlessly enables
multi-asset direct indexing with automated tax-loss
harvesting. S&P DJI's indices and index data are also
available on Brooklyn's open
architecture, white-label managed account technology. Through these
direct indexing solutions, market participants may combine the
benefits of independently governed and transparent indices that
measure different markets with the ability to customize their own
investment options based off of market-leading benchmarks.
"Brooklyn sees technology as
the new wrapper for customized portfolios. Unlike ETFs and mutual
funds, our tech-powered managed accounts enable financial advisors
to deliver customized investment solutions and tax alpha across
equities and fixed income to each client while continuing to scale
growth," said Erkko Etula, CEO and Co-Founder of Brooklyn
Investment Group. "The combination of MyIndex™ and Brooklyn offers advisors a solution that is
designed to simplify the creation and implementation of custom
index-based portfolios – from tax-optimized transitions and ongoing
management to after-tax reporting – at Brooklyn we call it operational alpha."
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. Brooklyn's products are not sponsored,
endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates, or their third-party licensors and none of
such parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability for any
errors, omissions, or interruptions of the Indices.
ABOUT BROOKLYN INVESTMENT
GROUP
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