FTSE Eurotop 100

In 1990, the Financial Times-Stock Exchange (FTSE) Eurotop 100 Index replaced the Eurorop 100 Index. The FTSE Eurotop 100 Index has been the first continuously calculated pan-European weighted Index. The index is published by the Amsterdam Stock Exchange in cooperation with Financial Times-Stock Exchange and is expressed in ECU. The 100 most liquid stocks of the leading European companies are included in the index. The index composition is representative for trends on the major European stock exchanges.

Stocks eligible for presentation in the index must come from countries chosen on the basis of their total exchange capitalization at the end of past calendar year. The total exchange capitalization must reach or exceed 2.5% of the total market capitalization of the OECD index member countries. FTSE Eurotop 100 constituent countries are assigned a base weighting derived from their total exchange capitalization. All constituent shares which are included in the FTSE Eurotop 100 index are elected on the basis of effective share volumes in those stocks over the past three calendar years on the leading stock exchange of their home country. Investment funds, investment companies and investment institutions, holding companies for stocks already included are not represented in the index.

FTSE Eurotop 100 index shares are given a base weighting derived from their market capitalization on the date of periodic adjustment. This base weight of each stock is expressed by the number of shares included in the FTSE Eurotop 100 index. The FTSE Eurotop 100 index is a capitalization weighted index where dividend payments are not reinvested. The periodic adjustment to the selection and base weighting of countries or stocks in the FTSE Eurotop 100 index takes place annually.

Financial Times Stock Exchange Eurotop 100 Index: AEX Exchanges, FT-SE International Limited. Text: Institute for Advanced Studies, Vienna, 1998. All rights reserved.


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