FTSE 100 & 250 ETFs set for reshuffle following quarterly index review

Sep 7th, 2017 | By | Category: Equities

ETFs tracking the FTSE 100 and FTSE 250 are set for a reshuffle following the latest quarterly review from index provider FTSE Russell.

FTSE reports results of UK index series quarterly review

The FTSE 100 and the FTSE 250 will have two and three new entrants respectively.

Changes to the FTSE 100 Index will see NMC Health and Berkeley Group join the index at the expense of Provident Financial and Royal Mail.

Changes to the FTSE 250 will see Alfa Financial Software, Sequoia Economic Infrastructure Income Fund and 888 Holdings enter the index, with Carillion, Northgate and Petra Diamonds dropping out.

The largest ETF to track the FTSE 100 is the iShares Core FTSE 100 UCITS ETF (LON: ISF), which was launched in April 2000 and has assets under management (AUM) of £5 billion with a total expense ratio (TER) of 0.07%. The ETF is the joint cheapest to track the FTSE 100, along with the HSBC FTSE 100 UCITS ETF (LON: HUKX), which was launched in August 2009 and has AUM of £143 million.

The largest ETF to track the FTSE 250 is the iShares FTSE 250 UCITS ETF (LON: MIDD), which was launched in March 2004 and has AUM of £983m with a TER of 0.40%, making it the most expensive ETF to track the index. The cheapest ETF to track the FTSE 250 is the Vanguard FTSE 250 UCITS ETF (LON: VMID), which was launched in September 2014 and has AUM of £502m with a TER of just 0.10%.

All changes from this review will be implemented at the close of business on 15 September 2017 and take effect from the start of trading on 18 September 2017.

FTSE Russell operates a reserve list for the FTSE 100 Index, to be used in the event of a corporate action occurring between reviews (e.g. merger, acquisition, delisting or suspension). In such cases, the reserve list constituent with the largest market capitalisation will replace the outgoing constituent. The reserve list for the FTSE 100 includes Capita, Evraz, Halma, Just Eat, Melrose Industries, and DS Smith.

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