Trust will return to the blue-chip index from 24 March after a seven-year absence
The £1.42bn Foreign & Colonial Investment Trust is set for a return to the FTSE 100, the first time it has been in the blue-chip index under Jeremy Tigue's management. The trust was last in the FTSE 100 seven years ago, between December 1995 and June 1996, under the stewardship of Michael Hart. The FTSE's latest quarterly rebalancing, based on close-of-market figures on 11 March, means the trust will be included in the FTSE 100 from 24 March. The rules governing the rebalancing state companies whose market cap has grown enough to rank them among the top 90 firms are promoted, ...
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