Index Rules
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:
| Argentina | Finland | Korea | Russia |
| Australia | France | Malaysia | Singapore |
| Austria | Germany | Mexico | South Africa |
| Belgium/Luxembourg | Greece | Morocco | Spain |
| Brazil | Hong Kong | Netherlands | Sweden |
| Canada | Hungary | New Zealand | Switzerland |
| Chile | India | Norway | Taiwan |
| China | Indonesia | Pakistan | Thailand |
| Colombia | Ireland | Peru | Turkey |
| Czech Republic | Israel | Philippines | UK |
| Denmark | Italy | Poland | USA |
| Egypt | Japan | Portugal |
Regions:
| Asia Pacific ex Japan |
| Developed Europe |
| Emerging Europe |
| Japan |
| Latin America |
| Middle East and Africa |
| North America |
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:
| March: | Asia Pacific ex Japan |
| June: | Latin America |
| Emerging Europe | |
| Middle East & Africa | |
| September: | Developed Europe |
| Japan | |
| December: | North America |
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.