Index Concentration, Domicile Debates and the Growing Divide Between Domestic and Global Benchmarks

Episode 74 comes at you from inside the 26th Annual TD Securities Portfolio Management and Market Structure Conference held in Toronto in early November.  In this episode, we replay a panel discussion with executives from the leading benchmark providers MSCI, S&P and FTSE-Russell alongside an index manager from State Street Investment Management. Topics discussed include the difficulty of reconciling domestic and global benchmark policies, evolving rules on domicile, concentration and capping rules and the emerging issue of eligibility for companies around the world running crypto treasury operations inside operating companies, so-called Digital Asset Treasury Companies.

Chapter Headings

02:54 Domestic Benchmark Overlap

06:52 What It Would Take to Make Canadian Names Eligible for S&P 500?

14:51 FTSE 100 Eligibility for non-UK Incorporated Issuers

27:38 Mag 7 Concentration

31:48 Eligibility of Digital Asset Treasury Companies

36:44 MSCI/FTSE Split on Viet Nam and South Korea

48:15 Implications of 24-hour Trading

This podcast was recorded on November 6, 2025 

For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.

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