As Vodafone becomes the biggest company on the London Stock Exchange, fund managers have to deal with...
As Vodafone becomes the biggest company on the London Stock Exchange, fund managers have to deal with the havoc wreaked by super cap stocks on their benchmarks. There are solutions available, but they will not reverse the trend that is forcing technology, telecom and media companies closer together in the fight to carve up the burgeoning mobile entertainment market. David Stevenson, investment director with Scottish Value Management, says: "When you start getting stocks that are more than 10% of the index there is a problem. "These are pan-European companies that dwarf the size of the st...
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