Last updated: Mar. 17, 13:13 | Page 7 of 8 |
|
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
|
|
Last updated: Mar. 17, 13:13 | Page 7 of 8 |