FTSE UK indexes

From Bogleheads

FTSE (Financial Times and Stock Exchange) publishes free-float market capitalization indexes of United Kingtom (UK) stocks. FTSE created its first index, the FT Actuaries All-Share Index, in 1962.[note 1] This index is now known as the FTSE-All-Share Index.

FTSE also publishes gilt indexes.[note 2] There are two types of gilt: conventional; and inflation-linked.

In December 2011, The London Stock Exchange (LSE) took complete ownership of FTSE.[1]

FTSE stock market indexes

The FTSE UK stock indexes[2] include:

  • FTSE All-Share Index
    This index represents 98-99% of UK market capitalisation, FTSE All-Share is the aggregation of the FTSE 100, FTSE 250 and FTSE Small Cap indexes.
  • FTSE 100 Index
    This index (inception on January 3, 1984) comprises the 100 most highly capitalised blue chip companies, representing approximately 81% of the UK market.
  • FTSE 250 Index
    This index (inception on October 12, 1992) comprises mid-capitalised companies not covered by the FTSE 100, and represents approximately 15% of UK market capitalisation.
  • FTSE 350 Index
    This index is a combination of the FTSE 100 and FTSE 250 indexes.
  • FTSE SmallCap Index
    The index consists of companies outside of the FTSE 350 Index and represents approximately 2% of the UK market capitalisation.
  • FTSE Fledgling Index
    This index is for UK companies listed on the main market of the London Stock Exchange that are too small to be included in the FTSE All-Share.

Index tracker funds commonly use the FTSE All-Share, FTSE 100, and FTSE 250 indexes.

FTSE Gilt market indexes

The FTSE UK Gilts indexes[3] include:

  • FTSE Actuaries UK Conventional Gilts up to 5 Years
  • FTSE Actuaries UK Conventional Gilts up to 10 Years
  • FTSE Actuaries UK Conventional Gilts 5-15 Years
  • FTSE Actuaries UK Conventional Gilts over 15 Years
  • FTSE Actuaries UK Conventional Gilts All Stocks
  • British Government Over 25 Years
  • British Government -Linked All Stocks
  • British Government -Linked up to 5 years
  • British Government -Linked Over 5 Years
  • FTSE Actuaries UK -Linked Gilts up to 10 Years
  • British Government -Linked 5 - 15 years
  • British Government -Linked Over 15 Years

Notes

  1. The FT Actuaries All-Share Index was initially a price only index, excluding dividends. FTSE later added two new sub-indexes, the FTSE 100 in January 1984 and the FTSE 250 in October 1992. In 1993 the FTSE-All-Share Index began reporting returns on total return basis.
  2. Gilts are bonds issued by the British government, and generally considered to be low risk. Gilts are the UK equivalent of US Treasury securities.

References

  1. "L.S.E. Group to Buy Remainder of FTSE". The New York Times. Retrieved October 5, 2023.
  2. "FTSE UK Index Series". FTSE Russell. Retrieved October 5, 2023.
  3. "FTSE Actuaries UK Gilts Index Series". FTSE Russell. Retrieved October 5, 2023.

External links