NEW YORK, September 16, 2024: S&P Dow Jones Indices (“S&P DJI”), the world’s leading indexprovider, 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.
