Romania will have 10 companies included in the FTSE Global All Cap indices for the first time after Aquila Part Prod Com and Cris-Tim Family Holding were added following the latest semi-annual review by global index provider FTSE Russell, according to Business Review.
The indicative results of the review, announced on Friday, August 21, are due to take effect on September 21, 2026, and may still be revised until September 4.
Aquila Part Prod Com and Cris-Tim Family Holding will join the eight Romanian companies already included in the FTSE Global All Cap indices, all of which will retain their places.
As a result, the Romanian companies represented in the FTSE Global All Cap indices from September will be Aquila Part Prod Com, Banca Transilvania, Cris-Tim Family Holding, Electrica, Hidroelectrica, MedLife, Nuclearelectrica, One United Properties, Teraplast, and TTS Transport Trade Services.
Electrica will also move into the Large Cap category, having previously been classified as Mid Cap.
Romania will have a total of 13 companies represented across FTSE Russell’s Emerging Markets indices from September.
Alongside the 10 companies in the Global All Cap indices, Arobs Transilvania Software, the Bucharest Stock Exchange, and Conpet will be included in the FTSE Global Micro Cap indices. Conpet is a new addition following the latest review, while Simtel Team will leave the indices.
“The inclusion of Aquila Part Prod Com and Cris-Tim Family Holding in the FTSE Global All Cap indices, alongside the retention of the other Romanian companies, confirms the evolution of our market and the ability of local issuers to meet the criteria of international institutional investors. We congratulate the teams at Aquila and Cris-Tim Family Holding for this achievement. Romania thus reaches, for the first time, 10 companies in the FTSE Global All Cap indices, strengthening our market’s representation and visibility in the global investment universe,” said Remus Vulpescu, CEO of the Bucharest Stock Exchange.
Romania was promoted by FTSE Russell to Emerging Market status in 2020, a move that expanded the country’s exposure to international institutional investors and increased the potential pool of capital available to locally listed companies.
In June 2025, MSCI classified the Romanian capital market as an Advanced Frontier Market, citing its level of accessibility for international investors. A total of 35 Romanian companies are currently included in MSCI indices.
For modern investors seeking comprehensive exposure to the global economy, few financial benchmarks carry as much weight as the FTSE Global All Cap Index. Maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG), this market-capitalization-weighted index serves as the foundational architecture for hundreds of billions of dollars in passive investment vehicles, most notably flagship ETFs like Vanguard’s FTSE Global All Cap holdings.
By encompassing large, mid, and small-cap equities across both Developed and Emerging markets, the index functions as an unbiased, real-time barometer of worldwide stock market performance.
Key Index Characteristics & Structural Breakdown
| Parameter / Metric | Index Profile |
| Provider | FTSE Russell |
| Market Coverage | Developed and Emerging Markets globally |
| Market Cap Segments | Large, Mid, and Small-Cap |
| Number of Constituents | 10,000+ public companies across 45+ countries |
| Coverage Target | ~98% of the world’s investable market capitalization |
| Weighting Methodology | Free-float market capitalization weighted |
Pillars of Construction: What Makes the Index Unique
The FTSE Global All Cap Index distinguishes itself from narrower benchmarks (such as the S&P 500 or MSCI World) through three main structural principles:
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True Global Reach: It bridges the gap between mature economies (such as the US, Japan, and the UK) and fast-growing emerging markets (such as China, India, and Brazil), allowing capital allocation to adjust dynamically as economies evolve.
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Inclusive Market Cap Spectrum: By incorporating small-cap stocks alongside mega-cap tech giants, the index captures the early growth stages of smaller enterprises often excluded from traditional large-cap indices.
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Rigorous Free-Float Adjustments: Companies are weighted solely by their available public float—excluding government holdings or insider blocks—ensuring that the index remains highly liquid and replicable for fund managers.
The Passive Investing Revolution
The rise of the FTSE Global All Cap Index is inextricably linked to the global growth of low-cost index investing. Rather than attempting to stock-pick or time country rotations, institutional and retail investors increasingly utilize funds tracking this index to hold a single, self-balancing portfolio of global equity.
As corporate weightings shift, supply chains adapt, and new market leaders emerge, the FTSE Global All Cap systematically rebalances—offering a transparent, rule-based representation of capitalism’s global progress.
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