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GEN - FTSE/JSE Resources 20 - Ground Rule Change
FTSE/JSE Resources 20 - Ground Rule Change
31 January 2011
At the December 2010 meeting of the FTSE/JSE Advisory Committee (AC), it was
agreed that the Resources 20 Index (RESI, J210) will be renamed to the
Resources 10 Index (RESI, J210) and the number of constituents will be
reduced from 20 to 10. This change will be applied at the March 2011 review.
The resulting changes to the constituents of the index will be published on
the JSE website on Wednesday, 09 March 2011, and will be effective on
Tuesday, 22 March 2011.
Current Rule:
4.5.8 FTSE/JSE Resources 20 Index
The 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.
Updated Rule:
4.5.8 FTSE/JSE Resources 10 Index
The FTSE/JSE Resources 10 Index consists of the 10 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 8th position or above by full market capitalisation.
Current constituents will be removed from the index if they are ranked on
the 13th 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
For FTSE / JSE index enquiries or further information about FTSE / JSE please
contact:
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Date: 31/01/2011 17:33:01 Produced by the JSE SENS Department.
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