On March 31, MSCI announced that it will reclassify Greece's indexes from Emerging Market to Developed Market status in a single step in May 2027. This decision follows consultations with global institutional investors who supported Greece's progress in market infrastructure. The implementation date of May 2027 was chosen over August 2026 based on investor feedback.
Global financial markets are witnessing a significant shift in early 2026 as international exchange-traded funds (ETFs) begin to outperform major US benchmarks. The Vanguard S&P 500 ETF (VOO) has recorded a decline of 3.54% year-to-date as of early April, following a robust 29% return in 2025. Shipping, Energy,…
Read the full storyJefferies analysts have upwardly revised their first-quarter earnings per share estimates for Goldman Sachs and Morgan Stanley. The brokerage raised its EPS forecast for Goldman Sachs by 11% to $15.60, citing a significant uptick in trading activity. Similarly, Morgan Stanley's earnings estimate was increased by 7% to…
S&P Dow Jones Indices is expected to announce changes to the constituents of the S&P 500 index as early as this afternoon. The upcoming announcement will involve the addition of new companies and the removal of others to maintain the index's representation of the U.S. large-cap market. These adjustments are part of…
The NDIV ETF demonstrated exceptional performance from late February through March, recording a substantial total return of 13.99%. This robust growth was primarily fueled by significant rallies in the Energy and Materials sectors, which acted as the primary drivers of the fund's success. Throughout a volatile first…