Our thoughts on this index:

  1. The ~100 largest, liquid, stocks in the world that have global operations.
  2. The ETF, IOO, tracks this index.
  3. Meta Platforms (a.k.a Facebook) is NOT in this index as its operations aren’t global enough (January 2024).
  4. No airlines are in the index, which tells you a lot about the industry and airline stock.
  5. Volkswagen is NOT in this index despite its market cap being +2x the smallest stock (December 2023).