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Index provider FTSE Russell said on Monday that shares priced in currencies other than sterling will be added to its UK indices, as it attempts to boost the British stock market’s appeal to global investors.
FTSE Russell, which is owned by the London Stock Exchange Group and manages the blue-chip FTSE 100 and mid-cap FTSE 250, said securities trading in dollars and euros, for example, would be “considered for potential inclusion” to the FTSE UK index series from September. Only securities trading in pounds are currently eligible.
The pivot marks the latest in a series of changes by the British government, regulators and others to City of London rules that are meant to boost the UK stock market’s attractiveness.
Shares listed on major indices benefit from greater inflows from passive investment funds,…
