S&P and Dow Jones announce deal to unite indexing businesses

Together the companies' indices provide the basis of more than 500 ETFs, with more than $380bn of assets under managment. The agreement will create S&P/Dow Jones Indices, a new global index provider with approximately $6trn in assets benchmarked to its indices. It will also see the S&P 500 and Dow Jones Industrial Average brought together under one provider. The venture "will create a leading index provider which will drive value for all stock holders...