FT30 Share Index Given A Makeover

FT.com announced today that it is giving the FT30 share index a makeover. FT30 Index is the oldest of the indices and was set up to track the top 30 companies in 1935.

The FT30 was the brainchild of Maurice Green and Richard Clarke who worked for the Financial News in the 1930’s. Having just 30 stocks on the index make it much more sensitive the fluctuations in share prices. It was set up specifically to help monitor the market in a time of uncertainty. Sounds familiar doesn’t it?

The FT30 was replaced by the FTSE100 in 1984 (actually replaced by FT Actuaries in 1962, which itself was replaced by the FTSE100).

No Telecoms, Media or Tech Stocks

As the FT30 does not have an telecom, media or technology stocks it had underperformed compared to the FTSE100 for many years. However, since 2009 the FT30 has actually been performing better due to the increased value in the commodities markets and the falling favour of the media and technology sectors.

Companies listed in the FT30 remain more or less unchanged. Companies only leave the index when they are delisted from the stock exchange. Tate & Lyle and GKN have both been members of the FT30 since it was created in 1935.

FT30 Index Today

Here are the companies currently in the FT30 index.

  1. 3i Group
  2. BAE Systems
  3. BG
  4. BP
  5. British American Tobacco
  6. BT Group
  7. Compass
  8. Diageo
  9. GKN
  10. GlaxoSmithKline
  11. International Consolidated Airlines Group
  12. Invensys
  13. ITV
  14. Ladbrokes
  15. Land Securities
  16. Lloyds Banking Group
  17. Logica
  18. Man Group
  19. Marks & Spencer
  20. National Grid
  21. Prudential
  22. Reckitt Benckiser
  23. RSA
  24. Royal Bank of Scotland
  25. Smiths Group
  26. Tate & Lyle
  27. Tesco
  28. Vodafone
  29. Wolseley
  30. WPP

  1 comment for “FT30 Share Index Given A Makeover

  1. SHP
    June 28, 2011 at 12:26 pm

    So, which FT30 stocks should be the first to go?

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