World Index adds RI

World Index adds RI

LONDON (Reuter): Following its quarterly meeting, the FT/S&P- Actuaries World Index Policy Committee is to add the Philippines and Indonesia to its World Indices from July 1.

The Philippines will account for 0.12 percent of the FT/S&P World Index, 2.42 percent of the Pacific Excluding Japan Index and 0.47 percent of the Pacific Including Japan Index, the committee said in a statement.

Indonesia will be 0.14 percent of the World Index, 2.59 percent of the Pacific Ex Japan and 0.50 percent of Pacific Inc Japan.

FT/S&P Actuaries World Indices are jointly compiled by FT-SE International, Goldman, Sachs & Co and Standard & Poor's in conjunction with the Institute of Actuaries and the Faculty of Actuaries. NatWest Securities Ltd is a co-founder.

The indices are used by fund managers to allocate assets and measure performance.