Changes to FTSE indices

The annual review of the FTSE indices has seen a number of investment trusts shifted into and out of the FTSE 250. The changes, which come into force on 23 December, include the promotion of Second Alliance and Candover into the FTSE 250 and Tribune Trust into the Small Cap index. All three of the trusts were excluded from the FTSE indices last year for liquidity reasons but have met the criteria this year, according to Charles Cade of Winterflood Securities. These changes were anticipated by the market, Cade said, but moving into or out of an index can have a significant impact on ...