FTSE Russell unveils Italian brands index

Dec 19th, 2017 | By | Category: ETF and Index News

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FTSE Russell has expanded its FTSE Italia Index Series with the launch of the FTSE Italia Brands Index, comprising Italian companies operating in the consumer goods and services sector that are considered best-in-class with regards to creativity, excellence, intuition and innovation.

FTSE Russell unveils Italian brands index

The index contains companies with high quality Italian brands such as Pirelli.

The new index currently comprises 22 constituents derived from the FTSE Italia All-Share Index that are included in the ‘Italian Listed Brands’ basket defined by Borsa Italiana in October 2017.

The Milan-based exchange assigned companies to the Italian Listed Brands designation with the support of a panel of domestic and international industry experts and financial analysts. In addition to the classic traditional metrics, the main intangible assets of these companies were taken into consideration, such as the brand perception among their customers and the distinctive positioning within their competitive arena.

Mark Makepeace, CEO of FTSE Russell, said, “The launch of the FTSE Italia Brands Index represents a further expansion of the services and data solutions for customers interested in the Italian equity market. The new index will highlight the distinctive brand characteristics of Italian listed companies active in consumer goods and services offering a new benchmark for both active and passive investors.”

Raffaele Jerusalmi, CEO of Borsa Italiana, added,”Borsa Italiana continues to help promote the best of Italian creativity and world class brands listed on our markets. Our recently launched Italian Listed Brands initiative is a key demonstration of this and we are delighted that FTSE Russell has now created the FTSE Italia Brands Index, which will help institutional and retail investors track the performance of these flagship companies.”

The constituents in the FTSE Italia Brands Index are market cap-weighted and subject to strict caps which will allow the index to act as the underlying reference for UCITS-compliant ETFs launched in Europe. The index will be reviewed on a quarterly basis in line with the rules of the FTSE Italia Index Series.

The current constituents of the FTSE Italia Brands Index are Autogrill, Brembo, Brunello Cucinelli, Campari, Damiani, De’Longhi, Ferrari, Fiat Chrysler, Fila, Geox, Luxottica Group, Moncler, OVS, Piaggio & Co, Pininfarina, Piquardo, Pirelli & Co, Safilo Group, Salvatore Ferragamo, Technogym, Tod’s, and Yoox Net-A-Porter Group.

Established in 2009, the FTSE Italia Index Series is a leading benchmark series that is widely recognised and used in Italian financial markets. The series includes flagship indices such as FTSE MIB, FTSE Italia All-Share and FTSE PIR Indices, which have become the basis of 20 ETFs (with an AUM of approximately €2.8 billion).

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