CNBC, the recognised global leader in business news, and FTSE Group, the award-winning global index company, have collaborated to create an index of the leading companies across the world. The new custom index has been created for CNBC’s global show, Worldwide Exchange, and debuts on the show on Monday 18th September (9am-11am UK), and will be used across the entire CNBC global TV network.
“Our objectives in creating this index are to help give greater context to the global business stories of the day; to provide viewers with one quantifiable measure and to give a snapshot of how global business is performing,” says Barbara Stelzner, Head of News at CNBC Europe. “Business is increasingly conducted on a worldwide basis and it is vital that we are able to demonstrate a globally representative market sentiment. The new index allows us to do this in a very transparent manner.”
The FTSE CNBC Global 300 Index comprises the largest 15 companies by market capitalization from each key industry*, plus the 30 largest companies from emerging markets. The total number of constituent companies is always 300. The index has been designed to represent broad market performance across all industries, using the market leading classification system (ICB). The companies in the index are taken from the FTSE Global Equity Index Series which covers over 7,000 securities in 48 different countries, capturing 98% of the world’s investable market capitalization.
The index is calculated on a real time basis every 15 seconds in US dollars and a total return index will be calculated at the end of each day in US dollars. Calculations commenced on 31 August 2006. Opening hours of the index are 02.00 – 21.10 (UK time).
Analysis of the index shows that since December 2000 the Technology industry within FTSE CNBC 300 Index outperforms the FTSE All-World Developed, and FTSE US Tech Indices. The Basic Materials industry within the FTSE CNBC 300 outperforms FTSE Developed and FTSE US Basic Materials Indices. Year to date, the FTSE CNBC 300 Index has outperformed the FTSE All-World and FTSE Developed Indices.
Imogen Dillon Hatcher, Managing Director EMEA, FTSE says: “As an index specialist, FTSE is committed to leading the field in the design, construction and management of indices, in markets all over the world and we are pleased to collaborate with CNBC for this new index. We’ve used our award-winning, international index design skills to construct an index which provides information in a format that is straightforward and easy for global investors to analyse and understand market trends.”
* Industry sectors are based on the Industry Classification Benchmark (ICB), and include: Oil & Gas, Basic Materials, Industrials, Consumer Goods, Health Care, Consumer Services, Telecommunications, Utilities, Financials, and Technology.
For more information, please contact:
Charlotte Blenkinsop / Hugo Foulds
+44 20 7653 9448 / 9398
Sabrina Bhangoo / Jo Mayal
+44 (0)20 7866 1821
FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg, London, Madrid, NASDAQ and Taiwan exchanges, as well as Nomura Securities and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.
FTSE indexes 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 indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
CNBC is the recognised global leader in business news, providing real-time financial market coverage and business information. The network's Business Day programming (weekdays from 4:00am – 7:00pm ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and is widely recognized as the leader in real-time business news and analysis. CNBC primetime and weekends offer broad-based news, business and political talk programming. In addition to being seen in North America, South America and the Caribbean, CNBC is also incorporated into CNBC Europe and CNBC Asia Pacific programming.
About CNBC Europe
CNBC Europe is the only pan-European real-time financial and business channel dedicated to European CEO's and senior corporate executives, the European financial services industry and the European investor. Today the channel is available in over 100 million homes, 1,400 banks and financial institutions and thousands of hotel rooms throughout Europe, the Middle East and Africa.
About Worldwide Exchange
Worldwide Exchange utilising the resources of CNBC Europe, CNBC and CNBC Asia, the show is hosted by Ross Westgate in London, Christine Tan in Singapore and Michelle Caruso-Cabrera in New York. It airs from 10 am - 12 noon CET (9am - 11am UK), 4am - 6am ET in the U.S., and 5pm - 7pm in Asia.