FTSE CNBC Global 300 Index

Monday, September 18, 2006 | 08:36 AM

This morning, CNBC was discussing their new global index, creted in partnership with the FTSE. This was the first I heard of it; it has apparently been trading since September 1.


Ftse_cnbc


Why did CNBC create an index? And, why go with FTSE, when they are half owned by Dow Jones? I'll assume DJ didn't want the co-branding relationship, but that's just a guess.

Here's the overview:

"The index will maintain a fixed number of constituents, which are derived from the FTSE Global Equity Index Series (incorporating developed and emerging markets).
The index comprises the largest 15 stocks by full market capitalisation from each of the 18 Industry Classification Benchmark Supersectors (using FTSE All Cap Developed Index), aswell as the 30 largest stocks from the emerging markets (using FTSE Emerging All Cap Index)."

Top 10 holdings are the mega caps:  Exxon, GE, Microsoft, Citigroup, BP, B of A, HSBC, Pfizer, J&J, P&G. US companies make up 52% of the index, UK firms another ~12%, with Japan just over 7.3%.

I'll see if I can dig up sometihng more specific later today . . .


Indus_sector_ftse_cnbc


UPDATE September 18, 2006 10:07 am

Here are the top 20 components:

% Wt FTSE
ICB investability CNBC Global
Rank Constituent name Country Industry Group weight 300 Index
1 Exxon Mobil Corporation USA 1000 $404,851.58 0.06%
2 General Electric USA 2000 $352,439.48 0.13%
3 Microsoft Corp USA 9000 $259,505.81 0.49%
4 Citigroup USA 8000 $245,872.47 0.16%
5 Bank of America USA 8000 $235,750.51 0.04%
6 BP UK 1000 $224,363.34 0.06%
7 HSBC Hldgs UK 8000 $208,610.53 0.25%
8 Pfizer USA 4000 $203,868.98 0.11%
9 Procter & Gamble USA 3000 $203,628.80 0.12%
10 Johnson & Johnson USA 4000 $189,307.41 0.11%
11 Altria Group USA 3000 $173,566.57 0.04%
12 American Intl Group USA 8000 $168,001.10 0.19%
13 GlaxoSmithKline UK 4000 $165,012.57 0.19%
14 Total FRA 1000 $163,928.07 0.05%
15 JPMorgan Chase & Co USA 8000 $158,891.35 0.35%
16 Mitsubishi UFJ Financial JA 8000 $147,679.09 0.04%
17 Toyota Motor JA 3000 $145,846.07 0.02%
18 Chevron USA 1000 $143,698.09 0.07%
19 Wal-Mart Stores USA 5000 $141,922.97 0.09%
20 Cisco Systems USA 9000 $136,794.52 0.16%





>
Source:
FTSE CNBC Global 300 Index    
FTSE:FCNBCG      5090.1
http://www.advfn.com/quote_FTSE-Cnbc-Globa_FTSE_FCNBCG.html

FTSE CNBC Global 300 Index (pdf)
http://www.ftse.com/Indices/FTSE_CNBC_Global_300_Index/
Downloads/FTSE_CNBC_Global_300_Index_Factsheet.pdf

Monday, September 18, 2006 | 08:36 AM | Permalink | Comments (15) | TrackBack (0)
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Comments

It's all part of a plan. Step one is creating the index. Step two is licensing it out for use in an ETF that gets sold to the more unwitting of investors. Step three is to spend the licensing money on new sports cars and trips to Bangkok.

Did you not get the memo?

Posted by: Royce | Sep 18, 2006 9:27:54 AM

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