What is the FT30 Index?
The FT30 Index is one of the oldest stock indices in the world, initially made up of 30 of the largest British companies. It was intended to demonstrate the strength of the British economy, listing industrial and commercial sector businesses rather than government stocks and financial services institutions.
Since the introduction of the FTSE 100 in 1984, the FT30 Index isn’t as widely used.
Where have you heard about the FT30 Index?
The FT30 Index was devised in 1935 by employees of the Financial News and was known as the 'Financial News 30-share index'. When the newspaper merged with the Financial Times in 1945, the Index became the FT30.
What you need to know about the FT30 Index.
In conjunction with other financial and statistics editors, the Editor of the Financial Times is responsible for the Index. It’s calculation weights the listed companies equally, rather than basing the index on market capitalisations, as is the case in the majority of other indices such as FTSE.
New Listings are picked to reflect the best performers in the UK economy and companies are only removed after a merger, takeover or failure.