The differences in estimates ' are a representation of how complex the index business is today , ' says jonathan horton , chief marketing officer for index maker ftse group .
Indeed , using prospective p / es of next year 's projected earnings from the ftse all-world indices , developed and advanced emerging market stocks are trading at multiples of 15.1 and 14.6 respectively .
Meanwhile , I know a senior financier , an ex-chair of a ftse company , who still has his secretary print out his e-mails for him to read so he can then dictate replies for her to e-mail back .