The review of FTSE's UK indices will be prepared by FTSE Group, the global index provider, using close of business figures from Tuesday 10th December 2002. The review will be presented to the independent FTSE Committee at its meeting the following afternoon. Changes to the indices will take effect after the close of the UK market on Friday 20th December 2002.
The committee will take into consideration at the review:
- Free float
- Liquidity
- Market Capitalisation
Full details of companies joining or leaving FTSE UK indices will be available at the close of business on Wednesday 11th December from the FTSE Press Office or from www.ftse.com
FTSE Group is a world-leader in the creation and management of indices. With offices in London, Frankfurt, Hong Kong, Madrid, Paris, New York and San Francisco, FTSE Group services clients in 77 countries worldwide. It manages and develops globally recognised indices ranging from the FTSE All-World Index to the FTSE 100, the FTSE4Good indices and the recently launched FTSE Global Style Index Series. The company has collaborative arrangements with the Athens, Cyprus, Euronext, Johannesburg, London, Luxembourg, and Madrid exchanges, as well as with Nikkei of Japan (Nihon Keizai Shimbun, Inc) and Xinhua Financial Network of China.
FTSE indices 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 indices to ensure that they are made objectively and without bias. Real-time FTSE indices are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
