AITC pleased by FTSE All-Share Index decision

The Committee had been considering the feedback from a recent consultation asking whether investment trusts should be excluded from the FTSE-All-Share. Daniel Godfrey, director general of the AITC, called the decision “common sense” and a “rational outcome which will ensure investment trust investors do not suffer from the unintended consequences that exclusion would have brought.” Godfrey says a significant proportion of the AITC’s shareholders are funds that are benchmarked against the All-Share or are index trackers. Exclusion from the index would have been disruptive and risked a fall...