PSU stocks HUDCO, Cochin Shipyard among 13 additions into FTSE All-World index
index provider FTSE on Friday announced changes to its All-World Index where 13 Indian stocks were included. The index saw the most number of additions from India followed by six stocks from Taiwan, two from Korea and Hong Kong and one from Australia.
The inclusions were Bank of Maharashtra, Bharat Dynamics, Central Bank of India, Cochin Shipyard, Endurance Technologies, Escorts Kubota, GE T&D India, Hitachi Energy India, Housing And Urban Development (HUDCO), IRB Infrastructure Developers, KEI Industries, Lloyds Metals and Energy and Motilal Oswal Financial Services.
The FTSE All-World Index is a market-capitalisation weighted index representing the performance of the large and mid cap stocks from the FTSE Global Equity Index Series (GEIS). The index targets 90% coverage of the 8 regions used to construct the GEIS universe. The index covers Developed and Emerging markets and is suitable as the basis for investment products, such as funds, derivatives and exchange-traded funds.
In the FTSE Large Cap Index 14 stocks were included namely Bharat Dynamics, Dixon Technologies (India), Jindal Stainless, Linde India, Mazagon Dock Shipbuilders, Oil India, Oracle Financial Services Software, PB Fintech, Phoenix Mills, Prestige Estates Projects, Rail Vikas Nigam (RVNL), Thermax-A, Torrent Power and UNO Minda.
The exclusions are Adani Wilmar, One 97 Communications (Paytm), Page Industries, Tata Elxsi and UPL.
As for the FTSE Mid Cap index, the inclusions are Adani Wilmar, Bank of Maharashtra, Central Bank, Cochin
