FTSE 350 Index
The FTSE 350 Index ( colloquially " Footsie " pronounced Futzi ) is a British stock index, which includes the largest 350 stocks that are traded on the London Stock Exchange. The index includes all companies that are listed in the FTSE 100 Index 250 Index and the FTSE. It is calculated by FTSE Group, which emerged from a joint venture between the London Stock Exchange with the Financial Times.
The FTSE 350 is a price index and represents 90 percent of the market capitalization of the London Stock Exchange ( LSE). It contains the 100 largest UK companies listed on the FTSE 100 Index, and the 250 largest UK mid-sized companies ( mid caps) as listed in the FTSE 250 Index. The Index Level of the FTSE 350 is solely determined on the basis of share prices and adjusted only to income from subscription rights and special. Dividend payments are not included in the calculation of the index. Corporate actions such as stock splits have no ( distorting ) influence on the index.
The calculation is during the LSE trading hours 8:00 to 16:30 local time ( 9:00 to 17:30 CET) updated in real time and published every minute. The investment universe includes all companies with headquarters in the UK, which are listed on the London Stock Exchange. To create a selection list the companies in the investment universe are ranked in descending order according to the market capitalization of rank 350 to rank one. The composition of the FTSE 350 is reviewed quarterly in March, June, September and December. Underlying was the closing price of the FTSE All-Share index of 682.94 points on 31 December 1985.
More FTSE indices
- FTSE 100 Index
- FTSE 250 Index
- FTSE / Athex 20
- FTSE MIB