FTSE Global All Cap ex US Index
The FTSE Global All Cap ex US Index is a free-float,[note 1] market-capitalization weighted index representing the performance of around 5350 large, mid and small cap companies in 46 developed and emerging markets worldwide, excluding the USA. The index is derived from the FTSE Global Equity Index Series[1] and was launched on September 1, 2003 (base date December 31, 2002).[2]
The index is tracked by the Vanguard Total International index fund investor shares (VGTSX) and admiral shares (VTIAX); and the Vanguard Total International Stock ETF (VXUS).[note 2][note 3]
Methodology
FTSE index methodology is summarized in the table:
Weighting methodology | Market-cap-weighted, adjusted for free float. |
Rebalancing methodology | Periodic reviews. Annual country reviews on a region-by-region basis. |
Tier 1: Broad-market classification | Included: Shares listed on a stock exchange or recognized market that are in top 98% of each region by full market cap. Excluded: Convertible preferred shares or loan stocks. |
Tier 2: Economic classification (developed or emerging markets |
|
Tier 3: Geographical classification (region or country |
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Tier 4: Style classification (market-cap breakdown for large-, mid-, and small-cap) |
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Country constituents
The index is comprised of holdings from 46 countries.
Country | Country | Country | Country | Country | Country |
---|---|---|---|---|---|
Australia | Czech Republic | Hungary | Malaysia | Philippines | Switzerland |
Austria | Denmark | India | Mexico | Poland | Taiwan |
Belgium/Luxembourg | Egypt | Indonesia | Morocco | Portugal | Thailand |
Brazil | Finland | Ireland | Netherlands | Russia | Turkey |
Canada | France | Israel | New Zealand | Singapore | United Arab Emirates |
Chile | Germany | Italy | Norway | South Africa | United Kingdom |
China | Greece | Japan | Pakistan | Spain | |
Colombia | Hong Kong | Korea | Peru | Sweden |
Market capitalization ranges
The FTSE Global All Cap ex US Index provides coverage of 98% of the international stock market capitalization. FTSE considers the market to consist of:[5]
- Large cap stocks 68%
- Mid cap stocks 18%
- Small cap stocks 12%
Annual returns
Annual returns for the index for the period 2003 - forward are included in the table below. Benchmark returns are adjusted for withholding taxes.
Year | Returns |
---|---|
2021 | 8.84% |
2020 | 11.24% |
2019 | 21.80% |
2018 | -14.61% |
2017 | 27.41% |
2016 | 4.72% |
2015 | -4.29% |
2014 | -3.39% |
2013 | 15.59% |
2012 | 17.60% |
2011 | -14.25% |
2010 | 12.98% |
2009 | 44.63% |
2008 | -46.13% |
2007 | 17.39% |
2006 | 28.36% |
2005 | 17.54% |
2004 | 22.32% |
2003 | 43.10% |
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Vendor codes
Real time vendor codes for the FTSE All-World Ex US Index are contained in the following document file extracted from the spreadsheet at FTSE Real-Time Vendor Codes,:
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Notes
- ↑ In March 2013, FTSE adopted a fundamental policy of using actual free float percentages (rounded up to the next 1%) in its indexes. The move was taken to reduce unnecessary turnover in the indexes. See Free Float Adjusted - FTSE, for extended discussion.
- ↑ Prior to June, 2013, the Vanguard Total International index fund investor shares (VGTSX) and admiral shares ((VTIAX); and the Vanguard Total International Stock ETF (VXUS) tracked the Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex USA IMI Index through June 2, 2013;
- ↑ The Vanguard Total International Stock Index Fund is also available as Institutional (VTSNX); Institutional Plus (VTPSX); and Signal (VTSGX} share classes. These share classes are commonly used in the corporate retirement plan market.
References
- ↑ FTSE GEIS Brochure
- ↑ FTSE Global All Cap ex US Index
- ↑ International benchmarks, Vanguard Institutional
- ↑ FTSE Global All Cap ex US Index, Fact Sheet as of 28-June-13.
- ↑ Index Ground Rules, p.19.
- ↑ FTSE performance, Vanguard Institutional
External links
- Index Ground Rules
- FTSE Index Support Guides, select Global Equity Index Series Guide to Calculation
- FTSE Vanguard Portal
- FTSE tickers, google spreadsheet