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FTSE Group (“FTSE”) confirms today that 3i Group and Intu Properties will be joining the FTSE 100 Index. In the rebalance, Melrose Industries and William Hill will leave the UK’s leading index and enter the FTSE 250 Index.
The changes announced today are part of the impartial quarterly reviews approved by the independent FTSE Europe, Middle East and Africa (EMEA) Regional Advisory Committee. The rules-driven reviews ensure the indices continue to portray an accurate reflection of the market they represent, and form an essential component to the management of the indices.
The FTSE 250 Index will see the following changes (in alphabetical order), in addition to the amendments described above:
|
Entering FTSE 250 Index |
Exiting FTSE 250 Index |
|
AO World BRIT Just Eat Kennedy Wilson Europe Real Estate Pets At Home Group Poundland Group
|
888 Holdings Herald Investment Trust KCOM Group Murray Income Trust (Ord) Merchants Trust Partnership Assurance Group
|
As announced in January 2014, FTSE Policy Group agreed to remove existing non sterling constituents of the FTSE UK Index Series at the annual review in June 2014. Please see the FTSE website for further details: here
As a result of this change, BH Global (USD), BH Macro (EUR) and BH Macro (USD) have been removed from the index.
FTSE operates a reserve list for the FTSE 100 Index, to be used in the event of a corporate action occurring between reviews e.g. merger, acquisition, delisting or suspension. In such cases, the reserve list constituent with the largest market capitalisation (on the date of the corporate action) will replace the outgoing constituent. With immediate effect, the following reserve list for FTSE 100 will be used (in alphabetical order):
- Amec
- Cobham
- Croda International
- Direct Line Insurance Group
- Merlin Entertainments
- Taylor Wimpey
All changes from this review will be implemented at the close of business Friday, 20 June 2014 and take effect from the start of trading on Monday, 23 June 2014.
