NEW YORK, March 8 /PRNewswire/ -- FTSE Group (FTSE), the award-winning index provider, announced today that the FTSE All-World ex US Index is to be used as the basis for the new Vanguard(R) FTSE All-World ex-US fund. The new fund offers both traditional investor shares and ETF shares, and is the first international fund offering from Vanguard to track a FTSE index.
The FTSE All-World ex US Index consists of companies located in developed and emerging markets around the world, excluding the United States. The index includes approximately 2,200 holdings in nearly 50 countries, including a 5% weighting for Canada. Canada is not a component of similar indexes that track developed and emerging markets, giving investment products that track the FTSE All-World ex-US Index broader exposure to foreign developed equity markets. Canada is considered one of the world's wealthiest nations, and boasts a GDP that ranks amongst the top 20 in the world, in a tier alongside South Korea, Brazil, Mexico and Italy. The strong performance of the Canadian S&P/TSX Composite Index over the past few years, which includes the largest companies on the Toronto Stock Exchange, demonstrates how robust and important Canadian equity markets can be in a global portfolio.
Jerry Moskowitz, President and Managing Director, FTSE Americas commented: "We are pleased to have been selected by Vanguard as the basis for their newest international fund offering. The breadth of FTSE's global indexes, particularly the FTSE All-World ex US, allows for product issuers such as Vanguard to offer comprehensive investment vehicles to help broaden exposure to key equity markets such as Canada."
More information about FTSE's suite of index products is available at www.ftse.com
Notes to Editors
About FTSE Group
FTSE Group is leader in the creation and management of indexes and related market data services. It is estimated that there are over $2.5 trillion USD in assets under management globally using any of the 60,000 FTSE indexes calculated daily for markets worldwide.
FTSE's flagship index, the FTSE Global Equity Index Series (GEIS), covers 98% of the world's total investable market capitalization and includes a broad range of traditional and alternative asset class indexes such as multinationals, style, socially responsible investment, real estate and hedge funds. Custom indexes are designed and created regularly to meet a wide variety of investment strategies for clients. FTSE also manages and calculates non-market capitalization weighted indexes, which offer investors an alternative way to benchmark performance.
FTSE has partnered with notable financial industry leaders in key regions to create unique and innovative products for the investment community, including NASDAQ, Dow Jones Indexes, NAREIT, and Research Affiliates (RAFI) in the US; Xinhua Financial Network of China, Nikkei of Japan (Nihon Keizai Shimbun, Inc), and the ASEAN stock exchanges in Asia; and Euronext, the London Stock Exchange, EPRA, and Global Wealth Associates in Europe. Partnerships with the Athens, Cyprus, Johannesburg, Luxembourg and Madrid stock exchanges round out FTSE's global coverage of markets worldwide. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
The Vanguard Group, headquartered in Valley Forge, Pennsylvania, is the nation's second-largest mutual fund firm and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $1.1 trillion in U.S. mutual fund assets, including more than $300 billion in employer-sponsored retirement plans. Vanguard offers more than 140 funds to U.S. investors and more than 40 additional funds in foreign markets.
Source: FTSE Group