All Share Factor
The All Share Factor indices are “smart beta” indices seeking to provide a different risk/return profile to standard indices, which typically weight stocks by their market capitalisation. The constituents of the FTSE/JSE All Share Index (J203) are used as the basis for inclusion to the All Share Factor Indices. The underlying weights of the All Share constituents are capped at 5% before any factor tilt is applied so that the factor impacts can be more effectively isolated. The All Share Factor Index suite consists of eight indices, of which six are single factor indices and two are multi-factor indices.
For further details regarding the FTSE/JSE All Share Factor indices and the underlying methodology, please refer to the FTSE Global Factor Index Series Ground Rules available on http://www.ftse.com/products/indices/factor