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.