FTSE Group announces the launch of the UK Digital Services Index Series, which will act as a benchmark of UK companies operating in the digital sector. Indices will be…
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calculated based on the FTSE All-Share and the FTSE AIM benchmarks, as well as a composite index of both FTSE All-Share and FTSE AIM constituents. A company is eligible for the index if it derives more than 50% of its revenues from either digital or online services, or if it is considered to be engaged in providing services that are integral and critical for the functioning of digital services.
The UK Digital Services Index Series has widened the definition of what constitutes an internet service business, so that it includes companies that operate in a B2C digital capacity as well as those serving B2B digitally. This means that less than 50% of the index is made up of software and technology companies, with weightings in key service areas such as travel and leisure, media and general retailers making up more than 25% combined.
Source: ETFWorld – FTSE
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