The Global Titants® is designed to measure multinational companies whose blue-chip stocks are traded on the major exchanges of countries covered by the Dow Jones Global Indices (DJGI) benchmark family. The index was first calculated on July 14, 1999 and is also formally known as the Dow Jones Global Titans 50 Index.

Index Universe

The index universe is defined as all stocks in the S&P Global BMI. For Russian stocks, only developed-market listings are eligible.

Selection Universe

Construction of the selection universe is as follows:

  1. 1. Stocks in the index universe, defined above, having more than 10 non-trading days or more over the past quarter are excluded. From the remaining universe, the top 100 companies ranked by float-adjusted market cap (FMC) form the selection universe. Index membership eligibility for a company with multiple share class lines is based on the total combined FMC of the eligible lines of the company.
  2. 2. Companies must generate at least 30% of their revenue from foreign markets in order to be considered for addition to the index. Current constituents remain eligible if they generate at least 20% of their revenue from foreign markets.

Constituent Selection

  • 1. Ranking Criteria

    1. Ranking Criteria

    Companies in the selection universe are ranked by each of the following:

    • Float-adjusted Market Cap
    • Revenue
    • Net income

  • 2. Ranking Weight

    2. Ranking Weight

    For each company, a final rank is calculated by weighting the FMC rank at 60%, the revenue rank at 20%, and the net profit rank at 20%.

  • 3. Final Ranking

    3. Final Ranking

    The 50 companies with the highest final rank are selected and form the index, subject to the following buffers:

    • Any non-constituent company ranked among the top 30 by final rank replaces the lowest-ranked index constituent.
    • Any constituent company not among the top 70 by final rank is replaced by the highest-ranked non-constituent.
    • If there is a tie in the final ranking, the company with the largest FMC is ranked higher.

Weighting & Rebalancing

At each rebalancing in September, the index is FMC weighted, subject to an 8% company cap. Weights are reviewed quarterly in December, March and June.

More Resources

  • Index Details and Data

    Get performance data, the index factsheet, methodology, and more.

    Visit the Global Titans page
  • Dow Jones Titans

    Visit our Index Family page to explore other indices from our index series.

    Learn more

“Global Titans” is a trademark of S&P Dow Jones Indices LLC.

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