FTSE, Euronext Launch New European Indices

April 29, 2003 (PLANSPONSOR.com) - Index provider FTSE and pan-European bourse Euronext have unveiled a joint venture to produce a new range of European stock indices.

FTSEurofirst Indices are intended to offer investors access to liquid pan-European stocks that mirror broader benchmarks.   The first two products will be the FTSEurofirst 80, made up of 80 eurozone stocks, and the FTSEurofirst 100, which will also include 20 stocks from the United Kingdom, according to a Dow Jones report.

The eurozone index is made up of the 60 largest stocks from the eligible markets – Finland, France, Germany, Italy, Netherlands and Spain – plus 20 other stocks that will help balance the weightings in the index to that of their benchmark FTSE Eurobloc index. The FTSEurofirst 100 index follows a similar structure.