FTSE Russell, the global index provider, today announces that it has licensed the FTSE 100 Semi Annual Equally Weighted Index to Deutsche Bank, who have created the first ETF linked to the benchmark. The db x-trackers FTSE 100 Equal Weight UCITS ETF listed on London Stock Exchange on 14 August.
The FTSE 100 Semi Annual Equally Weighted Index is comprised of the same constituents as the market capitalisation weighted FTSE 100 Index, however each company is given an equal weighting of 1% at the semi annual rebalance. The index is also calculated on a net tax basis.
Sudir Raju, Managing Director of ETP EMEA, FTSE Russell:
“FTSE Russell is delighted that Deutsche Bank has chosen to license one of our indexes for its new London listed ETF. We continue to develop a range of variants on our more established benchmarks, such as the FTSE 100 or Russell 2000, which ETF providers can use in building their different investment solutions. This results in greater choice for the end-user.”
The FTSE 100 Index, the main indicator for the performance of some of the largest companies listed on London Stock Exchange, celebrated its 30th anniversary in 2014. The highest end-of-day value reached to date is 7103.98, which occurred in April this year. The combined market capitalisation of FTSE 100 Index constituents is approximately £1.8 trillion, as of 14 August 2015.
There are now over 109 ETFs linked to FTSE Russell indexes listed on London Stock Exchange. In July, 17 new ETFs and 4 new ETPs listed on the Main Market, bringing the total number of ETFs/ETPs joining this year to over 115. Total on-exchange value traded for ETFs in July was £18.9 billion, up 36% compared to last year.