Taiwan to join FTSE All-World Index
Published: May 3, 2000
bout 30-35 Taiwan stocks will be used to make up the Taiwan weighting in the new index--FTSE All-World Index--launched by London-based FTSE International on Tuesday.
The FTSE All-World Index is a new worldwide index by combining data from FTSE and ING Barings to provide fund managers with a more comprehensive benchmark of the global marketplace. It is built on FTSE's existing World Index, plus Barings Emerging Markets Index (BEMI), extending the index coverage with 19 additional countries, including Taiwan, according to a FTSE press release.
The FTSE All-World Index, which covers 49 countries with 2,600 stocks, will go live at the end of June this year. Taiwan's weighting will account for about 1% of the new system.
The 49 countries included in the FTSE All-World Index are further divided into three groups, developed countries, advanced emerging markets, and newly emerging markets.
Taiwan's weighting in the advanced emerging markets group will be the second highest, tracking behind only Hong Kong.
The underlying local stocks to be included in the new index will be unveiled at the end of June. However, sources at FTSE International said earlier that seven local stocks, including Taiwan Semiconductor Mfg. Co., United Microelectronics Corp., Asustek Computer, Cathay Life Insurance, Hon Hai Precision Industry, Nan Ya Plastics and China Development Industrial Bank, will be the most important issues on Taiwan's weighting. |
