Index series A-Z
FTSE and JSE Limited have joined forces to provide indices designed to measure the performance of the major capital and industry segments of the South African market. The series allows investors to track by market capitalisation, sector and investment strategies such as Equally Weighting. A range of shareholder weighted and capped indices are also available.
The FTSE/JSE Africa Index Series launched in 2002 and consists of 98 indices. The indices are used for benchmarking, creation of financial products and market analysis. The series is reviewed on a quarterly basis (Mar, Jun, Sep, Dec) and is overseen by an independent advisory committee. All indices within the series are developed in line with FTSE index methodologies.
Headline indices include the FTSE/JSE Africa Top 40, FTSE/JSE All-Share and FTSE/JSE Africa
Specialist indices include the FTSE/JSE Capped 40, FTSE/JSE Shareholder Weighted Indices, FTSE/JSE Style Indices, FTSE/JSE Preference Share Indices, FTSE/JSE Top 40 Dividend index and the FTSE/JSE Dividend+ Index
Secondary Market indices include the FTSE/JSE Africa Development Capital and the FTSE/JSE Africa Venture Capital Indices
The FTSE/JSE Africa Index Series is enhanced by the addition of a series of fundamentally weighted indices, launched in association with Research Affiliates. The FTSE/JSE RAFI All-Share Index supports growing demand for fundamental indices in the South African market and is designed to reflect the performance of the FTSE/JSE All-Share Index by fundamental values. The FTSE/JSE RAFI All-Share Index weights constituents using four fundamental factors (dividends, cash flow, sales and book value), rather than by market capitalisation. The FTSE/JSE RAFI 40 Index is designed to reflect the performance of the top 40 comapnies from the FTSE/JSE All-Share Index by fundamental values.
The FTSE/JSE Shariah Index Series is designed to represent the performance of the Shariah-compliant constituents (as screened by Yassar Ltd.) of the FTSE/JSE All-Share and FTSE/JSE Top 40 Indices. The FTSE/JSE Capped Shariah Top 40 caps constituents at 10% of the total index to avoid concentration in individual securities.
The FTSE/JSE All Africa Index Series is designed to represent the performance of the top African companies listed on the stock exchanges of qualifying African countries. The series provides investors with two comprehensive, replicable and transparent indices that provide a gateway to wider investment opportunities across the African continent.