T Rowe Price, the US-based fund management firm, has selected FTSE Developed ex North America index for its recently launched passive mutual fund.
The fund marks FTSE's first foray into the US mutual fund market with the FTSE All-World index. Will Oulton, president of FTSE Americas, said: "We are seeing increasing interest in the FTSE All-World index from sections of the US investment community who want a float weighted investible and publicly available index that will not be subject to future high turnover costs."
