FTSE/JSE All Africa Index Series - 6 October 2008
The FTSE/JSE All Africa 40 Index and the FTSE/JSE All Africa ex South Africa 30 Index are designed to represent the performance of the top African companies listed on the stock exchanges of qualifying African countries – Botswana, Egypt, Ivory Coast, Kenya, Mauritius, Morocco, Nigeria, South Africa and Tunisia.
Both the FTSE/JSE All Africa 40 Index and the FTSE/JSE All Africa ex South Africa 30 Index provide investors with comprehensive, replicable and transparent indices that provide a gateway to wider investment opportunities across the African continent.
To maintain a diversified basket of stocks, each country is capped at a maximum of 40% of the index; while a maximum of ten stocks are permitted from South Africa and a maximum of seven stocks for each of the other qualifying countries. The indices are suitable for creating financial products such as index funds, warrants, certificates and Exchange Traded Funds.
