Comprising 10 economic groups, 36 industrial sectors and 102 subsectors, the FTSE Global Classification System is used as a tool to create a detailed and comprehensive structure for sector analysis and investment globally. It is already the choice of a number of exchanges, investment houses and consultants in Europe, Africa and Asia.
Mark Makepeace, Chief Executive of FTSE Group said "The FTSE Global Classification System is fast becoming the definitive way to classify companies by the global investment community."
John Jacobs, Executive Vice President, Worldwide Marketing and Financial Products, said "NASDAQ is a truly global stock market, with 346 international security listings representing 36 nations. NASDAQ companies are innovative and diverse, with leaders in all business sectors, including retail, financial and technology. By adopting the FTSE Classification System, we align our stocks to the same classification guide as investors here and abroad. This is a positive step for our companies, our market makers and investors everywhere."
The FTSE Global Classification System is already used by the Athens, Cyprus, Egypt, Euronext, London and Madrid Stock Exchanges, the JSE Securities Exchange in South Africa, as well as Goldman Sachs, Hang Seng, HSBC, ING Barings, Merrill Lynch, Reuters and US-based investment consultants Frank Russell.
Full details of the FTSE Global Classification System can be found at www.ftse.com.
