• Indices
  • FTSE All World Index Series
    • Values
    • Constituents
    • Index Rules
      • Corporate Events
      • Eligibility Screens
      • Index Governance
      • Review Process
        • Fast Entry Rule
        • Fast Exit Rule
    • Index Changes
    • Index Reviews
    • Product Specifications
• FTSE Real-Time Vendor Codes
• Data Licences
• FTSE Index Standards
• Student Information

The FTSE All-World Index Series consists of the top 90-95% of each region, by full market value, which are eligible for index inclusion. The FTSE All-World Index Series is based on the rules of the Global Equity Index Series but only covers Large and Mid Cap securities.

Qualifying countries:

Regions:

Review Dates

The FTSE Regional Committees will meet annually to review the constituents of the FTSE All-World Index Series. Any constituent changes will be implemented on the next trading day following the third Friday of the same month.

Review timetable:

Rules for Insertion and Deletion at the Periodic Review

• Establish the Regional Universe:
  • Rank all companies in a region by market capitalisation. For the purpose of ranking, secondary lines are treated as one company
  • Select the top 98% of the total market capitalisation. Exclude companies in the bottom 2%.
• Establish the Index Universe:
  • Include only companies valued at more than USD 100m
  • Apply Liquidity Rule
  • Apply Free Float Rule
  • Apply Multiple Lines Rule

Determining constituents for the indices

Companies currently not in the FTSE Global Equity Indices:

• Companies ranked at or above the top 68% of the Index Universe will be included in the Large Cap Index
• Companies ranked below 68% but within the top 86% of the Index Universe will be included in the Mid Cap Index

Existing FTSE Global Equity Indices constituents:

• Existing Large Cap constituents will remain in the Large Cap Index if the are ranked above the 72% of the Index Universe. If they are ranked between 72% and 92% of the Index Universe they will move to the Mid Cap. If they are ranked below 92% of the Index Universe but within the top 99% of the Regional Universe, they will move to the Small Cap. If they are ranked below 99% of the Regional Universe or are valued at less than USD 75m by full market capitalisation they will be excluded from the index
• Existing Mid Cap constituents will move to the Large Cap if they fall within the top 68% of the ranking described in 6.8. If they are ranked between 68% and 92% of the Index Universe they will remain in the Mid Cap. If they are ranked below 92% of the Index Universe but within the top 99% of the Regional Universe, they will move to the Small Cap. If they are ranked below 99% of the Regional Universe or are valued at less than USD 75m by full market capitalisation they will be excluded from the index
• Existing Small Cap constituents will move to the Large Cap if they fall within the top 68% of the ranking described in 6.8. If they are ranked between 68% and 86% of the Index Universe they will move to the Mid Cap. If they are ranked below 86% of the Index Universe but within the top 99% of the Regional Universe, they will remain in the Small Cap. If they are ranked below 99% of the Regional Universe or are valued at less than USD 75m by full market capitalisation they will be excluded from the index.