The new index is supported by a ground-breaking index tailoring service for investors - called Global-Pro. The service will allow fund managers to customise the FTSE All-World Index, choosing the precise make-up of the index to provide a benchmark which exactly matches their investment strategy.
Mark Makepeace, FTSE Managing Director said: "International investors are increasingly looking to manage both their developed and emerging markets portfolios within a single benchmark structure. The new FTSE All-World Index will help investors in a unique and innovative way to manage their funds on a truly global basis, allowing them to remove the costs associated with running disparate portfolios linked to diverse indices."
Nick Cowan, Head of Equity Markets at ING Barings said: "This alliance brings together the complementary strengths of FTSE and ING Barings to provide an important new service to the investment community. As well as creating a major benchmark, we are providing the tools necessary to get the best from today's highly sophisticated investment process, which demands individual solutions for individual strategies".
A major worldwide index-based investor and a key customer of global indices -Lindsay Tomlinson CEO of Barclays Global Investors - Europe today welcomed the new service, saying: "The new FTSE All-World Index will enable us to elegantly remove the double counting inherent in running global portfolios using emerging market indexes which overlap with the current FTSE World Index."
