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CNBC, the recognised global leader in business news, and FTSE Group, the global index company, today confirmed which companies have been added to the FTSE CNBC Global 300 Index, and those that have dropped out.
Barclays, Ericsson, Deutsche Post, the Industrial and Commercial Bank of China and Hilton Hotels Corp. are among the 21 global companies to join the FTSE CNBC Global Index. Those companies to fall out of the Index include Motorola, Mitsubishi, Kellogg, Capital One and Avis Budget Group.
Geographically Japan lost six constituents and the United States four, but the US remains the Index’s largest weighting at 51.43%. The largest gainer was Germany, which increased its weighting in the Index to 4.35%. The UK increased its weighting to 11.86% (see table).
The FTSE CNBC Global 300 Index comprises the largest 15 companies by market capitalisation from each key industry*, plus the 30 largest companies from emerging markets. The total number of constituent companies is always 300. The Index has been designed to represent broad market performance across all industries, using the market leading classification system (ICB). The companies in the index are taken from the FTSE Global Equity Index Series which covers over 7,000 securities in 48 different countries, capturing 98% of the world’s investable market capitalisation.
The Index is calculated on a real time basis every 15 seconds in US dollars and a total return index calculated at the end of each day in US dollars. Calculations commenced on 31st August 2006. Opening hours of the index are 02.00 – 21.10 (UK time). Review dates are June and December.
All changes from the review will take effect at close of business on Friday, 15th December.
Indicative
Country Weightings as of Opening Constituents on
(Incorporating
the Inclusions and Exclusions of the December Review)
|
Country |
No.
of Constituents |
Weight
in Index (%) |
|
Change
in Number of Constituents |
Change
in Weight (%) |
|
Argentina |
1 |
0.07 |
|
0 |
0.00 |
|
Australia |
5 |
0.90 |
|
1 |
0.08 |
|
Belgium |
1 |
0.07 |
|
0 |
0.00 |
|
Brazil |
7 |
1.03 |
|
1 |
0.13 |
|
Canada |
4 |
0.63 |
|
1 |
0.09 |
|
China |
9 |
0.77 |
|
1 |
0.14 |
|
Czech
Republic |
1 |
0.07 |
|
0 |
0.00 |
|
Finland |
1 |
0.52 |
|
0 |
0.00 |
|
France |
22 |
6.26 |
|
0 |
-0.01 |
|
Germany |
16 |
4.35 |
|
2 |
0.40 |
|
Greece |
- |
- |
|
-1 |
-0.05 |
|
Hong
Kong |
5 |
0.79 |
|
0 |
0.00 |
|
India |
7 |
0.45 |
|
2 |
0.08 |
|
Indonesia |
1 |
0.07 |
|
0 |
0.00 |
|
Ireland |
1 |
0.13 |
|
0 |
0.00 |
|
Israel |
1 |
0.15 |
|
0 |
0.00 |
|
Italy |
6 |
2.00 |
|
0 |
0.00 |
|
Japan |
24 |
6.04 |
|
-6 |
-1.04 |
|
Korea |
6 |
1.13 |
|
-1 |
-0.12 |
|
Mexico |
4 |
0.73 |
|
0 |
0.00 |
|
Netherlands |
5 |
1.32 |
|
0 |
0.00 |
|
Norway |
1 |
0.11 |
|
-1 |
-0.14 |
|
Russia |
6 |
1.35 |
|
0 |
0.00 |
|
South
Africa |
3 |
0.34 |
|
1 |
0.12 |
|
Spain |
9 |
2.24 |
|
0 |
0.00 |
|
Sweden |
2 |
0.46 |
|
1 |
0.37 |
|
Switzerland |
9 |
4.12 |
|
1 |
0.22 |
|
Taiwan |
5 |
0.61 |
|
1 |
0.02 |
|
UK |
25 |
11.86 |
|
1 |
0.55 |
|
US |
113 |
51.43 |
|
-4 |
-0.81 |
|
Total |
300 |
100.00 |
|
|
|
About FTSE
FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg, London, Madrid, NASDAQ and Taiwan exchanges, as well as Nomura Securities and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.
FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
About CNBC
CNBC is the recognised global leader in business news, providing real-time financial market coverage and business information. The network's Business Day programming (weekdays from 4:00am – 7:00pm ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and is widely recognized as the leader in real-time business news and analysis. CNBC primetime and weekends offer broad-based news, business and political talk programming. In addition to being seen in North America, South America and the Caribbean, CNBC is also incorporated into CNBC Europe and CNBC Asia Pacific programming.
About CNBC Europe
CNBC Europe is the only pan-European real-time financial and business channel dedicated to European CEO's and senior corporate executives, the European financial services industry and the European investor. Today the channel is available in over 100 million homes, 1,400 banks and financial institutions and thousands of hotel rooms throughout Europe, the Middle East and Africa.
