Last updated: Mar. 27, 10:00 | Page 8 of 9 |
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Welcome to the golden anniversary of the first U.S. total stock market index, which boasts an eventful and little-known history that can teach us a lot about how financial markets have evolved over time. Last March, Wilshire spun off its index business. In addition to the two private-equity funds that bought Wilshire Associates, Wilshire Indexes’ owners now include the Financial Times, the Singapore Exchange, the parent of Japan’s Nikkei 225 index, and Makepeace himself.
By Allan Sloan
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Last updated: Mar. 27, 10:00 | Page 8 of 9 |