S&P licenses new Italy LargeMidCap index to JP Morgan for bespoke products

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Following S&P Indices' launch of the Italy LargeMidCap Index on May 14, JP Morgan will use the index for the creation of structured products and funds.

"The index meets requirements from investors for a tradable gauge into the large- and mid-cap segments of the S&P Italy Broad Market Index (BMI)," says Vinit Srivastava, director of strategy indexes at S&P Indices in New York.

In addition to including stocks that represent the top 85% of the float-adjusted market capitalisation within the S&P Ita

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