The FTSE Cyclical Index is designed to be sensitive to the economic cycle, while the FTSE Defensive Index is designed to be relatively insensitive, thereby providing a mechanism for investors to implement an informed economic view. The index series spans global, regional and single country indices.
The index series uses the Industry Classification Benchmark (ICB) of sub-sectors, in order to classify sub-sectors as defensive or cyclical. The indices are available on a real time and end-of-day basis and are managed in accordance to FTSE’s world-class standards of index design, which emphasizes transparency, independence, innovation and strong governance.
The FTSE Cyclical and Defensive Index Series aim to facilitate the analysis of market dynamics and enable the development of new investible products that expand investor choice, said Peter Gunthorp, managing director of research and analytics at FTSE Group.
FTSE Group, an independent company owned by London Stock Exchange Group, provides global index and analytical solutions.
For more information visit www.ftse.com