A new approach to equity indexing is launched today by global index provider, FTSE Group (FTSE) and Global Wealth Allocation (GWA). FTSE GWA Series, which begins calculation today, contains nine indices, weighted by wealth rather than traditional market capitalisation. Investment consultants have welcomed these new indices and believe that they will have a number of applications for institutional investors, as a complement to or even replacement for cap-weighted indices. Licenses to create financial products based on the FTSE GWA Series have already been issued to Legal & General Investment Management and SSgA.
For more information, please visit:
FTSE: www.ftse.com/gwa
GWA:
www.globalwealthallocation.com
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