FTSE Group

FTSE International Limited trading as FTSE Russell[nb 1] (/ˈfʊtsi/ is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf.[1] It operates the well known UK FTSE 100 Index and the Russell 2000 as well as a number of other indices.[2] FTSE stands for Financial Times Stock Exchange.

FTSE
Subsidiary
IndustryFinance
Founded1995
Headquarters10 Upper Bank Street
London, England, UK
Key people
Mark Makepeace (CEO)
ProductsFinancial indices
ParentLondon Stock Exchange Group
Websitewww.ftserussell.com

History

The FTSE Group was created in 1995 by Pearson (former parent of the Financial Times) and the London Stock Exchange Group.

In 2010, the joint venture with Xinhua Finance was terminated,[3] the index series was renamed into FTSE China Index Series; the Hong Kong incorporated company was renamed to "FTSE China Index Limited".

In 2011, Pearson sold its stake to LSE.[4][5]

Main business

FTSE Group operates 250,000 indices calculated across 80 countries and in 2015 was the number three provider of indices worldwide by revenue. FTSE Group earns around 60 per cent of revenue from annual subscription fees and 40 per cent from licensing for index-based products.

Clients include both active and passive fund managers, consultants, asset owners, sell-side firms and financial data vendors. FTSE’s products are used by market participants worldwide for investment analysis, performance measurement, asset allocation and hedging. Pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE’s indices to create ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices.

Products

FTSE Group operates the well known FTSE 100 Index and FTSE 250 Index as well as over 200,000 other indices, including 600 real-time indices. There are seven main groups of indices: Global Equity, Regional and Partner, Fixed Income, Real Estate, Alternative Investment, Responsible Investment, and Investment Strategy. Fees from the use of index information and associated services generate revenues necessary to continue operations. FTSE has offices in London, New York City, Paris, Frankfurt, Madrid, Milan, San Francisco, Beijing, Sydney, Tokyo, Hong Kong and Toronto.

Other indices

See also

Footnotes

  1. ^ Shared the trading name with sister company Frank Russell Company

References

  1. ^ FTSE - London Stock Exchange
  2. ^ London Stock Exchange (2007), Interim Report: Six months ended 30 September 2007 (PDF), archived from the original (PDF) on 2008-08-27
  3. ^ 2010 Annual Report of FTSE International Limited in Companies House
  4. ^ Halliday, Josh (2011-12-12). "Pearson to sell FTSE stake for £450m". The Guardian. ISSN 0261-3077. Retrieved 2014-07-25.
  5. ^ London Stock Exchange (2014), Annual Report 2014 ended at March

External links

Alternative Investment Market

AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995. It allows smaller, less-viable companies to float shares with a more flexible regulatory system than is applicable to the main market.

At launch, AIM comprised only 10 companies valued collectively at £82.2 million. By 2017, over one thousand companies comprise the sub-market, with an average market cap of £80 million per listing. AIM has also started to become an international exchange, often due to its low regulatory burden, especially in relation to the US Sarbanes–Oxley Act (though only a quarter of AIM-listed companies would qualify to be listed on a US stock exchange even prior to passage of the Sarbanes–Oxley Act). As of December 2005, over 270 foreign companies had been admitted to the AIM.

The FTSE Group maintains three indices for measuring the AIM, which are the FTSE AIM UK 50 Index, FTSE AIM 100 Index, and FTSE AIM All-Share Index.

Developed market

In investing, a developed market is a country that is most developed in terms of its economy and capital markets. The country must be high income, but this also includes openness to foreign ownership, ease of capital movement, and efficiency of market institutions. This term is contrasted with developing market (Emerging markets and frontier markets are types of developing markets).

FTSE/Athex Large Cap

The FTSE/Athex Large Cap is the stock index of the twenty-five largest companies on the Athens Stock Exchange.

As of 26 May 2018 the stocks comprising this index are:

Viohalco,

Coca-Cola HBC AG,

EYDAP,

Terna Energy,

Lamda Development S.A.,

Hellenic Petroleum,

Gr. Sarantis S.A,

GEK Terna,

Titan Cement,

ADMIE

Public Power Corporation,

Mytilineos Holdings,

OTE,

OPAP,

Motor Oil Hellas,

Jumbo S.A.,

Piraeus Port Authority (OLP),

Eurobank Ergasias,

Alpha Bank,

National Bank of Greece,

Piraeus Bank,

Folli Follie,

Hellenic Exchanges Group,

Grivalia Properties R.E.I.C.,

Aegean Airlines.

Former members in recent history include Ellaktor, Metka (Metal Constructions of Greece S.A.), Attica Bank, Fourlis S.A., ATEbank, Bank of Cyprus, Cosmote, Corinth Pipeworks, Emporiki Bank, EYDAP, Frigoglass, Intralot, Marfin Investment Group, Marfin Popular Bank/Cyprus Popular Bank, Greek Postal Savings Bank/TT Hellenic Postbank etc.

The Athens Exchange uses the symbol FTSE for this index.

The Bloomberg code for this index is FTASE ; the ISIN is GRI99201A006 . Financial Times uses the symbol FTS:ATH for this index; Yahoo! Finance uses the symbol FTSE.AT .

FTSE4Good Index

The FTSE4Good Index is a series of ethical investment stock market indices launched in 2001 by the FTSE Group. A number of stock market indices are available, for example covering UK shares, US shares, European markets and Japan, with inclusion based on a range of corporate social responsibility criteria. Research for the indices is supported by the Ethical Investment Research Services (EIRIS). The index excludes companies due to their involvement in tobacco production, nuclear weapons, conventional weapon systems, or coal power industry and rates companies for inclusion based environmental sustainability, relationships with stakeholders, attitudes to human rights, supply chain labour standards and the countering of bribery.Academic research suggests that inclusion in or exclusion from the index does not significantly affect firms' behaviour, and that investors focusing on the indices do no worse on average than those who invest without regard to them.

FTSE 100 Index

The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalisation. It is seen as a gauge of prosperity for businesses regulated by UK company law. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group.

FTSE 250 Index

The FTSE 250 Index ( FUUT-see) is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, September, and December. The Index is calculated in real-time and published every minute.

Related indices are the FTSE 100 Index (which lists the largest 100 companies), the FTSE 350 Index (which combines the FTSE 100 and 250), the FTSE SmallCap Index and the FTSE All-Share Index (an aggregation of the FTSE 100 Index, the FTSE 250 Index and the FTSE SmallCap Index).

A large number of companies within the index are investment trusts. As of 30 September 2008, the net market capitalisation of the FTSE 250 Index was £161 billion (or 13 per cent of the FTSE 100 Index).

FTSE 350 Index

The FTSE 350 Index is a market capitalization weighted stock market index incorporating the largest 350 companies by capitalization which have their primary listing on the London Stock Exchange. It is a combination of the FTSE 100 Index of the largest 100 companies and the FTSE 250 Index of the next largest 250. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. See the articles about those indices for lists of the constituents of the FTSE 350.

The FTSE 350 is not very widely followed. The terms "FTSE 350" or "FTSE 350 company" are, however, useful for referring to large listed British companies when one wishes to include companies outside the top 100.

FTSE AIM UK 50 Index

The FTSE AIM UK 50 Index index was introduced on 16 May 2005, and is a market-capitalisation-weighted stock market index. The index incorporates the largest 50 UK companies (by capitalisation) which have their primary listing on the Alternative Investment Market (AIM).

The index is reviewed quarterly, and the constituent companies may change based on market capitalisation data as at the end of February, May, August and November. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

Current constituents of the AIM UK 50 index are:

ASOS

Abcam

Advanced Computer Software Group

Advanced Medical Solutions Grp

Alternative Networks

Arbuthnot Banking Group

Amerisur Resources

Archipelago Resources

Avanti Communications Group

Blinkx

BowLeven

Brooks Macdonald Group

Clinigen Group

Daisy Group

Dart Group

EMIS Group

Eland Oil & Gas

Faroe Petroleum

Gemfields

Globo

Hargreaves Services

IQE

IDOX

IGAS Energy

Iofina

Iomart Group plc

James Halstead

London Mining

M&C Saatchi

M.P. Evans Group

Majestic Wine

Mulberry

Monitise

Nanoco Group

Nichols

Numis Corporation

Oxford Catalysts Group

Pan African Resources

Plexus Holdings

Polar Capital Holdings

Prezzo

Quindell Portfolio

RWS Holdings

Rockhopper Exploration

Secure Trust Bank

Sirius Minerals plc

Smart Metering Systems

Songbird Estates

Telford Homes

Thorpe (FW)

Young & Cos Brewery A

FTSE All-Share Index

The FTSE All-Share Index, originally known as the FTSE Actuaries All Share Index, is a capitalisation-weighted index, comprising around 600 of more than 2,000 companies traded on the London Stock Exchange. As at 29 December 2017 the constituents of this index totalled 641 companies (source FTSE Russell All-Share Index fact sheet). It aims to represent at least 98% of the full capital value of all UK companies that qualify as eligible for inclusion. The index base date is 10 April 1962 with a base level of 100.

To qualify, companies must have a full listing on the London Stock Exchange with a Sterling or Euro denominated price on SETS or SETSmm or a firm quotation on SEAQ or SEATS, and must meet a number of other eligibility requirements.

FTSE All-Share is the aggregation of the FTSE 100 Index, FTSE 250 Index and FTSE SmallCap Index. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

FTSE All-World index series

FTSE All-World index series is a stock market index that covers over 3,100 companies in 47 countries starting in 1986. It is calculated and published by the FTSE Group, a wholly owned subsidiary of the London Stock Exchange which originated as a joint venture between the Financial Times and the London Stock Exchange.

FTSE Bursa Malaysia Index

The FTSE Bursa Malaysia Index is a comprehensive range of real-time indices, which cover all eligible companies listed on the Bursa Malaysia Main Board which was introduced to Bursa Malaysia's investors in 2006.

The indices are to measure the performance of the major capital segments of the Malaysian market,

FTSE China A50 Index

FTSE China A50 Index (was known as FTSE–Xinhua China A50 Index) is a stock market index by FTSE Group (FTSE–Xinhua joint venture until 2010), the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-share; B-share (share for foreigners) were not included .

Other similar product were CSI 300 Index (and the sub-index CSI 100) by China Securities Index Company and "Dow Jones China 88 Index" by S&P Dow Jones Indices. For top 50 companies in the Shanghai Stock Exchange, see SSE 50 Index, For top 100 companies in the Shenzhen Stock Exchange, see SZSE 100 Index.

FTSE Fledgling Index

The FTSE Fledgling Index comprises companies listed on the main market of the London Stock Exchange (LSE) which qualify as eligible for inclusion in the FTSE UK series but are too small to be included in the FTSE All-Share Index. There is no liquidity requirement for constituents of the FTSE Fledgling Index.

This Index is calculated on an end-of-day basis.

FTSE Italia Mid Cap

The FTSE Italia Mid Cap is a stock market index for the Borsa Italiana, the main stock exchange of Italy. It is one of the indices in the FTSE Italia Index Series.

FTSE MIB

The FTSE MIB (Milano Indice di Borsa) (the S&P/MIB prior to June 2009) is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 most-traded stock classes on the exchange. The index was administered by Standard & Poor's from its inception until June 2009, when this responsibility was passed to FTSE Group, which is 100% owned by the Borsa Italiana's parent company London Stock Exchange Group.

FTSE SmallCap Index

The FTSE SmallCap Index is an index of small market capitalisation companies consisting of the 351st to the 619th largest-listed companies on the London Stock Exchange main market. The index, which is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group, is a constituent of the FTSE All Share Index which is an index of all 620 companies listed on the main market of the LSE.This Index value is re-calculated in real-time and published every minute.

FTSE techMARK 100

The FTSE techMARK 100 (pronounced "foot see"; Index code (marker): T1X) is an index derived from the FTSE techMARK All-Share Index, which represents the performance of innovative and technology companies that are listed on the London Stock Exchange's "techMARK" market.Constituents of the FTSE techMARK 100 include:

BAE Systems

Elan Corp

BATM Advanced Communications

Smith & Nephew

Shire

Cable & Wireless

Thomson Reuters

Sage Group

Cobham

Meggitt

Autonomy Corporation

LogicaCMG

ARM Holdings

Qinetiq Group

Spectris

Aveva Group

Ultra Electronics Holdings

Dimension Data Holdings

Renishaw

Spirent Communications

Micro Focus International

Genus

Detica Group

Domino Printing Sciences

Axon Group

Computacenter

Fidessa Group

KCOM Group

SDL International

Gresham Technologies plc

Global Industry Classification Standard

The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 24 industry groups, 69 industries and 158 sub-industries into which S&P has categorized all major public companies. The system is similar to ICB (Industry Classification Benchmark), a classification structure maintained by FTSE Group.

GICS is used as a basis for S&P and MSCI financial market indexes in which each company is assigned to a sub-industry, and to a industry, industry group, and sector, by its principal business activity.

"GICS" is a registered trademark of McGraw Hill Financial and MSCI Inc.

Straits Times Index

The FTSE Straits Times Index (STI) is a capitalisation-weighted stock market index that is regarded as the benchmark index for the Singapore stock market. It tracks the performance of the top 30 companies listed on the Singapore Exchange. It is jointly calculated by Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE).

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