The WM Company is to launch a UK equity index in with individual stock weightings capped at 5% in th...
The WM Company is to launch a UK equity index in with individual stock weightings capped at 5% in the wake of the Vodafone and Mannesmann merger, writes Jenne Mannion. The All-Share capped index has been developed to help trustees who are concerned with the risk on their UK equity benchmark. The move follows FTSE International's announcement last week that it would introduce 10% capped versions of the FTSE 100 and FTSE All-Share as a base for index tracker funds. Graham Wood, executive director at the WM Company, said: "WM welcomes the recent move by FTSE, however, we feel that this does n...
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