FTSE 'small cap'
FTSE Group said in a news release that it is to create a new “Global Small Cap” index series that would complement its existing All-World large and mid cap indices. “The new indices will be available and integrated with the FTSE All-World series from September 22 2003.”
The new series covers 49 countries. It includes more than 4,500 companies with a minimum size of $100m. “The series meets the design and methodology standards expected by market participants around the world, including transparency, liquidity, free float adjustment and low turnover costs,” FTSE says.
The index provider, a 50-50 joint venture between the London Stock Exchange and the Financial Times, is looking to grow. “We want to be number one,” says deputy chief executive Donald Keith.