FTSE All-World Index

The FTSE All-World Index is a market-capitalisation index representing large and mid-cap stocks in the GEIS universe.

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  1. Overview
  2. Index Performance
  3. Key Resources
  4. FTSE All-Word ETPs
  5. FAQs
  6. Related Content

Reflecting the real investable opportunity set

The FTSE All-World Index is one of the world's most recognised benchmarks for global equities, covering approximately 4,200 large and mid-cap stocks across developed and emerging markets in more than 45 countries. As part of the FTSE Global Equity Index Series (FTSE GEIS), it represents around 90-95% of the world's investable market capitalisation, offering broad, transparent exposure to global equities in a single measure. Free-float adjusted and liquidity screened, the index is built on a rigorous, rules-based methodology designed to reflect the real investable opportunity set. It's a trusted foundation for funds, ETFs, derivatives, and benchmarking.

All indexes are not created equal.Russell indexes are institutionalgrade driven by the market,not picked by a committee, rules based,transparent, powerful, and their modular,providing exposure to 98% ofinvestable US equities with no gaps and no overlaps.Russell indexes are regularly updated andannually reconstituted for a true measure of the market.What does this mean to a financial advisor?It means you can captureyour client's investment requirements more precisely.Worry less that your indexmight be missing fast growing company.So there's 10.6 trilliondollar worth of assets benchmark to Russell indexes.It's the index family institutional investors rely on.So if you want the same tools and advantagesenjoyed by institutional investors, your index matters.

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Index Performance

Key Resources

FTSE All-World and FTSE GEIS ETPs

ETFs
Product name​ Ticker​ Benchmark index​ Country / Region
BMO Global Consumer Discretionary Hedged to CAD​ DISC​ FTSE Developed Consumer Discretionary Capped 100% Hedged to CAD​ Canada​
BMO Global Consumer Staples Hedged to CAD​ STPL​ FTSE Developed Consumer Staples Capped 100% Hedged to CAD​ Canada​
Direxion Daily FTSE China Bear 3X​ YANG​ FTSE China 50​ USA​
Direxion Daily FTSE China Bull 3X​ YINN​ FTSE China 50​ USA​
Direxion Daily FTSE Europe Bull 3X​ EURL​ FTSE Developed Europe All Cap​ USA​
Franklin FTSE Asia ex Japan​ FLAX​ FTSE Asia Pacific ex Japan RIC Capped​ USA​
Franklin FTSE Australia​ FLAU​ FTSE Australia RIC Capped​ USA​
Franklin FTSE Brazil​ FLBR​ FTSE Brazil RIC Capped​ USA​
Franklin FTSE Canada All Cap Index​ FLCD​ FTSE Canada All Cap Domestic​ Canada​

FTSE All-World Index is a part of the FTSE Global Index Series (GEIS).

Here are five frequently asked questions about the FTSE all-World Index Series

  1. 1

    The FTSE All-World Index is a market-capitalisation weighted index representing the performance of the large and mid cap stocks from the FTSE Global Equity Index Series (GEIS). The index targets 90% coverage of the 9 regions used to construct the GEIS universe. The index covers Developed and Emerging markets and is suitable as the basis for investment products, such as funds, derivatives and exchange-traded funds.

  2. 2

    FTSE GEIS provides All Cap, Large Cap, Mid Cap, Small Cap and Micro Cap indices for every covered country and region. Aggregate indices combine size segments as follows:

    • All Cap = Large + Mid + Small.
    • All-World (FTSE All-World Index Series) = Large + Mid.
    • Total Cap = Large + Mid + Small + Micro.
  3. 3

    The FTSE All-World Index is maintained as part of the FTSE GEIS universe, using a structured, region-relative process designed to reduce the dominance of the world’s largest markets and improve representation of smaller markets.

    At a high level, the index review process screens eligible stocks, assigns each company to a country and region, ranks companies by size, applies investability screens, and then sets index weights using available shares adjusted for free float and foreign ownership limits.

    Step 1 — Screen and classify: stocks from 45+ markets are screened for eligibility and classified as Developed, Advanced Emerging or Secondary Emerging.

    Step 2 — Assign nationality: each company is assigned to a single country based on factors such as incorporation, tax domicile and headquarters location.³

    Step 3 — Rank and size-segment: companies are grouped into nine regional universes, ranked by total market cap and allocated to size tiers using regional cut-offs and buffer zones to help reduce unnecessary turnover.

    Step 4 — Apply investability screens: screens remove securities considered unavailable to institutional investors.

    Step 5 — Set weights: weights are market-cap based and adjusted for free float, foreign ownership restrictions and minimum foreign headroom requirements.
     

    Nine regional universes are used to review FTSE GEIS

    Asia Pacific ex China ex Japan

    Developed Europe

    Canada

    China

    Emerging Europe

    Latin America

    Japan

    Middle East & Africa

    United States
  4. 4

    FTSE GEIS and the FTSE All-World Index changes are implemented quarterly, with the full regional universe and liquidity reviews conducted semi-annually. Review-driven changes are implemented after the close on the third Friday of March, June, September and December.

    Semi-annual reviews (March and September): establish each regional universe using data as of the prior quarter-end (e.g. September review uses June month-end data).

    Companies are valued and ranked by full market capitalisation (price x shares in issue). Where there are multiple lines of equity capital in a company, all of them are included and priced separately, provided they pass index eligibility screens in their own right. Market caps are aggregated when evaluating size index membership.

    The index constituents are then selected for each size segment using market cap cut-offs. To reduce turnover, existing and potential constituents are subject to a series of ‘buffer zones’ to determine the cut- off points between Large, Mid, Small and Micro Cap. The FTSE All-World Index includes Large and Mid Cap constituents in the FTSE GEIS universe.

    Liquidity testing: each security is tested using the monthly median of daily trading volume; size cut-offs are applied with buffer zones between tiers.

    Quarterly reviews (June and December): address events such as IPOs, changes in shares in issue, free-float changes and ICB classification changes.

    Changes outside scheduled reviews: corporate actions and significant-sized IPOs can trigger additions or deletions between reviews.

  5. 5

    Within the FTSE GEIS universe, size segments are determined by ranking eligible constituents within each region and applying percentage bands, with buffer zones to help minimise turnover.

    At the regional review, the top 98% of the regional universe becomes the index universe. Within that eligible universe: top 70% = Large-cap; next 20% = Mid-cap; final 10% = Small-cap (subject to buffers).

    The FTSE All-World Index includes the Large-cap and Mid-cap component of FTSE GEIS.

Index announcements

Stay up-to-date and read the latest index change notices and announcements.

 

View all index announcements

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