Liontrust to lose FTSE 250 spot in reshuffle as abrdn drops out of FTSE 100
The latest FTSE quarterly reshuffle may not see any asset managers or investment companies join the UK’s blue chip index.
The latest FTSE quarterly reshuffle may not see any asset managers or investment companies join the UK's blue chip index, but the FTSE 250 could welcome alternatives asset manager Foresight Group Holdings could be set to join the FTSE 250.
FTSE Russell said on Monday (22 August), that abrdn, which lost its FTSE 100 spot in 2022 but returned in the December reshuffle, could once again be demoted to the FTSE 250.
abrdn set to return to FTSE 100
According to Morningstar data, abrdn's share price is down 8% year-to-date but has tumbled by over 28% in the last month. In the firm's half-year results published on 8 August, it revealed profits across its investment arm had fallen 66% as it reported heavy redemptions.
Liontrust Asset Management, which announced its takeover bid for struggling Swiss asset manager GAM Investments in May, could be ousted from the FTSE 250 index. The firm's share price is down 42.1% year-to-date, according to Morningstar.
Warehouse REIT could also drop out of the FTSE 250 index, as well as broker CMC Markets, venture capital firm Molten Ventures and Vanquis Banking Group.
British Land relegated to FTSE 250
The companies joining the FTSE 100 in September may be Dechra Pharmaceuticals, Diploma, Hikma Pharmaceuticals and Marks & Spencer Group.
Meanwhile, the FTSE 250 could also welcome 888 Holdings, Breedon Group, CAB Payments Holdings, Ceres Power Holdings, Johnson Matthey, Moonpig Group, Persimmon, RS Group and Tullow Oil.
These potential moves are indicative and based on data as of 18 August. The changes will be confirmed after market close on 30 August, based on data as
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