| Fri 24 Apr 2009, 17:27 | | GEN - FTSE/JSE Africa Index Series - Ground rule change - Addition of Buffers |
|
JSE
GEN
GEN - FTSE/JSE Africa Index Series - Ground rule change - Addition of Buffers
Ground Rule Change - Addition of Buffers
FTSE/JSE Africa Index Series
24 April 2009
At the March 2009 meeting of the FTSE/JSE Advisory Committee, it was agreed that
buffers will be applied to the following four tradable indices, at each
quarterly review, to provide stability. These changes will be effective at the
June 2009 Quarterly Review:
Index Name Index Alpha Index Code Buffer size
Resources 20 RESI J210 3
Industrial 25 INDI J211 3
Financial 15 FINI J212 2
Financial & Industrial 30 FNDI J213 3
Current Rule: 4.5.6 FTSE/JSE Industrial 25 IndexThe FTSE/JSE Industrial 25
Index consists of the 25 largest companies ranked by full market value, i.e.
before the application of any investability weightings, as at the date of the
review in the FTSE/JSE All-Share Index excluding the Resources, which is the
combination of Mining and Oil & Gas sectors and Financial Industry group. The
number of constituents in this index is maintained at a constant level.
Updated Rule: 4.5.6 FTSE/JSE Industrial 25 IndexThe FTSE/JSE Industrial 25
Index consists of the 25 largest companies ranked by full market value, i.e.
before the application of any investability weightings, as at the date of the
review in the FTSE/JSE All-Share Index excluding the Resources, which is the
combination of Mining and Oil & Gas sectors and Financial Industry group. The
number of constituents in this index is maintained at a constant level. Buffers
will be applied at each quarterly review to provide stability. The following
upper and lower buffers will be used:
* Non-constituents will be eligible for index inclusion if they are ranked on
the 22nd position or above by full market capitalisation.
* Current constituents will be removed from the index if they are ranked on
the 29th position or below by full market capitalisation.
Current Rule: 4.5.7 FTSE/JSE Resources 20 IndexThe FTSE/JSE Resources 20
Index consists of the 20 largest companies ranked by full market value, i.e.
before the application of any investability weightings, as at the date of the
review in the Resources, defined as the combination of Mining and Oil & Gas
Sectors. The number of constituents in this index is maintained at a constant
level.
Updated Rule: 4.5.7 FTSE/JSE Resources 20 IndexThe FTSE/JSE Resources 20
Index consists of the 20 largest companies ranked by full market value, i.e.
before the application of any investability weightings, as at the date of the
review in the Resources, defined as the combination of Mining and Oil & Gas
Sectors. The number of constituents in this index is maintained at a constant
level. Buffers will be applied at each quarterly review to provide stability.
The following upper and lower buffers will be used:
* Non-constituents will be eligible for index inclusion if they are ranked on
the 17th position or above by full market capitalisation.
* Current constituents will be removed from the index if they are ranked on
the 24th position or below by full market capitalisation.
Current Rule: 4.5.8 FTSE/JSE Financial 15 Index The FTSE/JSE Financial 15
Index consists of the 15 largest companies ranked by full market value, i.e.
before the application of any investability weightings, as at the date of the
review in the Financial Industry Index. The number of constituents in this
index is maintained at a constant level.
Updated Rule: 4.5.8 FTSE/JSE Financial 15 Index The FTSE/JSE Financial 15
Index consists of the 15 largest companies ranked by full market value, i.e.
before the application of any investability weightings, as at the date of the
review in the Financial Industry Index. The number of constituents in this
index is maintained at a constant level. Buffers will be applied at each
quarterly review to provide stability. The following upper and lower buffers
will be used:
* Non-constituents will be eligible for index inclusion if they are ranked on
the 13th position or above by full market capitalisation.
* Current constituents will be removed from the index if they are ranked on
the 18th position or below by full market capitalisation.
Current Rule: 4.5.10 FTSE/JSE Financial and Industrial 30 IndexThe
FTSE/JSE Financial and Industrial 30 Index consists of the 30 largest companies
ranked by full market value, i.e. before the application of any investability
weightings, as at the date of the review in the FTSE/JSE All-Share Index
excluding the Mining and the Oil & Gas sectors. The number of constituents in
this index is maintained at a constant level.
Updated Rule: 4.5.10 FTSE/JSE Financial and Industrial 30 IndexThe FTSE/JSE
Financial and Industrial 30 Index consists of the 30 largest companies ranked by
full market value, i.e. before the application of any investability weightings,
as at the date of the review in the FTSE/JSE All-Share Index excluding the
Mining and the Oil & Gas sectors. The number of constituents in this index is
maintained at a constant level. Buffers will be applied at each quarterly
review to provide stability. The following upper and lower buffers will be
used:
* Non-constituents will be eligible for index inclusion if they are ranked on
the 27th position or above by full market capitalisation.
* Current constituents will be removed from the index if they are ranked on
the 34th position or below by full market capitalisation.
An updated version of the FTSE/JSE Africa Index Series rules can be accessed on
ftse.com and ftse.jse.co.za
FREE TRIAL: FTSE Global Equity Index Series emerging markets indices are
segmented by Advanced Emerging and Secondary Emerging, and by large, mid, small
and aggregate indices, for as granular an analysis as you require. Our emerging
markets expertise is further demonstrated by the range of indices we produce in
association with high calibre local partners - Xinhua, JSE and TSEC. We are
offering a one month free trial of FTSE GEIS, FTSE Xinhua, FTSE/JSE and TSEC
Taiwan Indices via one of our vendors or directly from FTSE Group. To find out
more please visit our website at www.ftse.com/emergingmarkets
For index related enquiries or further information about FTSE / JSE please
contact:
Client Services in UK: Tel: +44 (0) 20 7866 1810
Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 641
6165
Client Services in Asia Pacific: Tel: +852 2230 5803 or +65 6223 3738 or +81 3
3581 2811
JSE Limited: Tel: (+27 11) 520 7106 or +520 7137
Or, email your enquiries to info@ftse.com, indices@jse.co.za or visit our
website at www.ftse.com or www.ftsejse.co.za
Terms of Use | Copyright Copyright FTSE
Date: 24/04/2009 17:27:10 Produced by the JSE SENS Department.
