FTSE/JSE Capped Indices

E914732

FTSE/JSE Capped Indices are South African equity benchmarks that limit the maximum weight of any single constituent to reduce concentration risk and improve diversification for investors.

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Statements (43)

Predicate Object
instanceOf South African equity benchmark
equity index
stock market index family
assetClass equities
benefit improved diversification for investors
calculationAgent FTSE Russell
country South Africa
currency South African rand
dataSource Johannesburg Stock Exchange traded prices
feature limits maximum weight of any single constituent
reduces dominance of largest South African stocks
governedBy FTSE Russell index ground rules
marketStatus emerging market
methodologyFeature constituent weight capping
free-float market-capitalisation weighting before caps
objective to provide diversified South African equity benchmarks
to reduce single-stock concentration risk
primaryUseInSouthAfrica benchmark for active managers
benchmark for passive products
provider FTSE Russell
Johannesburg Stock Exchange
rebalancingFrequency quarterly
region Africa
relatedIndexFamily FTSE Global Equity Index Series
FTSE/JSE Africa Index Series
reviewFrequency semi-annual index review
riskManagementFeature concentration risk control
sectorCoverage multi-sector
segmentCoverage broad South African equity market
large-cap South African equities
mid-cap South African equities
targetInvestor institutional investors
retail investors
transparencyFeature publicly available ground rules
typicalCappingLevel 10% maximum weight per constituent
15% maximum weight per constituent
underlyingMarket Johannesburg Stock Exchange
useCase performance benchmarking
portfolio construction
risk management
underlying for exchange-traded funds
underlying for index funds
weightingScheme capped free-float market capitalisation

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Referenced by (2)

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FTSE/JSE Africa All Share Index isParentIndexOf FTSE/JSE Capped Indices
FTSE/JSE Africa Index Series includes FTSE/JSE Capped SWIX All Share Index
linked to: FTSE/JSE Capped Indices