The FTSE RAFI® Index Series is another member of FTSE’s range of non-market capitalisation weighted indexes. Using the Fundamental Index® methodology developed by Research Affiliates LLC of Newport Beach, California, the index breaks with the traditional price-based market cap weighted design, and instead derives its constituent weights from fundamental measures of company size. The methodology uses the reported monetary values of cash flow, book value, total sales and gross dividend to derive each constituent index weight.
Prices, which can be prone to speculation, are not a component of the weights. By anchoring the index to economic measures, the Fundamental Index approach contra-trades against the market’s constantly changing views, expectations, fads, bubbles, and crashes.
Key Features and Coverage on RIMES
For this data source, RIMES hosts data for approximately 6675 companies and 160 indices. Index coverage includes:
- FTSE JSE RAFI All Shares, FTSE RAFI All World 3000, FTSE RAFI (Developed, US, UK…) FTSE TWSE RAFI Taiwan 100 Index, FTSE4Good RAFI US Index, etc
Some of the data items available include:
- Index Items – Dividend Adjustment Factor, Divisor Factor, Gross Index, Index Flag, Market Capitalization, Net Dividend Adjustment Factor + Special Tax (UKPN), Net Index, Number of Constituents, Price Index, Year to Date Ex Dividend Adjustment, Year to Date Ex Net Dividend Adjustment, etc.
- Company Items – Adjusted Price, Adjustment Factor, Bloomberg Ticker, Capping Factor, Country Code, Currency Code, Date of Portfolio, Dividend Per Share Gross/Net, Dividend Per Share, Net Special Tax (UKPN), Exchange Identification Code, Float Market Value, Free Float Factor, FTSE Code, Gross Adjustment Factor, Gross Investible Market Value, Index Map Symbol, Industry Level Code, Investable Factor, Investable Market Value, Investable Shares Outstanding, Investable Weight, Investible Market Value in Hong Kong Dollars, Investible Market Value in Hong Kong Dollars (Source), ISIN Code, Last Modified Date, Last Price Date, Local Code, Market Identifier Code, Market Value, Net Adjustment Factor, Net Adjustment Factor Special Tax (UKPN), Net Investible Market Value, Net Return Special Tax (UKPN), New Capping Factor, Next Date of Portfolio, Next Day Adjustment Factor, Next Day Dividend Per Share, Nominal Yield, Opening Gross Investable Market Value, Opening Investable Weight in Index, Opening Net Investable Market Value in US Dollars, Original Currency, Shares Outstanding, Total Return, Tracker Change Code, Unadjusted Price, etc.