FTSE International has launched a fresh attack on Dow Jones in its continuing war over global domination of world stockmarket indices.
To counteract Dow Jones' launch of its Titans index based on the largest 50 companies in the world earlier this year. FTSE International has responded by launching the FTSE Multinationals and FTSE Global 100 indices.
The indices were devised by FTSE with Bacon & Woodrow and Barclays Global Investors.
The FTSE Multinationals consists of 480 top companies, while the Global 100 is based on the top 100 companies based on the proportion of sales a company achieves from outside its own region.