Unification of FTSE classification system

The FTSE's revamped industry classification system is now being used by the FT/S&P's Actuaries World Indices as part of the creation of a worldwide classification system. This completes the process of unification that was started when FTSE's European Indices moved to the new system at the start of the year and was continued when the UK indices joined at the beginning of April. Among the extensive changes are the creation of an information technology economic group and the establishment of several cyclical and non-cyclical groups. The information technology group is divided into hardware ...