.jpg)
FTSE Russell, the global index provider, confirms today that Pershing Square Holdings will be joining the FTSE 100 Index as a result of the December 2020 quarterly review. In the rebalance, Homeserve will leave the FTSE 100 index and enter the FTSE 250 index.
The rules-driven, impartial quarterly reviews ensure the indexes continue to portray an accurate reflection of the market they represent and form an essential component to the management of the indexes.
The FTSE 250 Index will see the following changes (in alphabetical order):
Entering FTSE 250
Elementis
Hammerson
Homeserve
Exiting FTSE 250
Fisher (James) & Sons
Pershing Square Holdings
Scottish Investment Trust
Effective from the December 2020 quarterly review of the FTSE UK Index Series, the reserve lists for the FTSE 100 Index and the FTSE 250 Index will no longer be published or utilized in order to select a replacement company triggered by intra-quarter deletions.
Instead, replacement companies to the FTSE 100 and FTSE 250 will be selected by ranking the existing constituents of the FTSE All-Share index - with the highest-ranking company not included within the applicable index serving as the replacement.
All changes from this review will be implemented at the close of business on Friday, 18 December 2020 and take effect from the start of trading on Monday, 21 December 2020.
A link to the full technical notice can be found here
