Constituents, or components
Māori translation:
Definition
Constituents, sometimes called components or members, are the individual companies whose stock makes up an index. The total value of the index depends on how all the constituents’ stock prices change. For example, the S&P 500 index includes 500 of the largest market cap companies in the US, and their combined constituents’ performance can be used to show trends in American consumer sentiment and the overall share markets.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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