FTSE takes on the whole family
FTSE International has taken over sole ownership of the FT/S&P-Actuaries World Index, having acquired the remainder from Goldman Sachs and S&P.
The index family, which provides a global benchmark for international funds and currently has over $100bn (e99bn) linked to it, has been renamed the FTSE World Index.
Goldman Sachs and the Faculty and Institute of Actuaries will remain actively involved with the FTSE World Index, FTSE says, with both staying on the FTSE index policy committees. Goldman Sachs will continue to provide research and analysis to its clients on the index, but will no longer be involved in the calculation of the index, it says.
The FTSE World Index covers 30 countries, and is broken down into 10 economic groups, 39 industrial sectors and 101 industry sub-sectors.