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FTSE Group (“FTSE”) confirms today that international specialist banking group Investec will be joining the FTSE 100 Index for the first time. In the rebalance, Resolution will leave the UK’s leading blue chip benchmark and join the FTSE 250 Index.
Today’s changes are part of FTSE’s UK Index Series quarterly review approved by the independent FTSE Europe, Middle East and Africa Regional Committee. The reviews ensure the UK indices remain an accurate reflection of the market they represent and are seen as an essential component to the running of the indices.
In over 25 years, the established FTSE 100 Index has seen over 100 quarterly reviews and has grown rapidly over the quarter century. Starting off with a market capitalisation of £102 billion, the index has now reached £1.5 trillion, making it one of the most attractive indices to use as the basis of pension funds, financial products and investment portfolios in the UK and around the globe.
The FTSE 250 Index will see the following changes:|
Inclusions
to the FTSE 250 Index |
Exclusions
from the FTSE 250 |
|
Resolution, Afren, Hansen
Transmissions, Gartmore Group, Senior, ITE Group, Hansteen Holdings |
Investec, Interserve, Evolution Group, Paypoint, |
All changes from this review will be implemented after the close of business Friday 19th March 2010 and will take effect from the start of trading on Monday 22nd March 2010.
