FTSE CNBC Global 300 Index
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.
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 . . .
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
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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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