Liontrust Asset Management is set to receive a boost to its share price as the company returns to the FTSE All Share index for the first time since late 2008.
Changes to the All Share index are due to be announced by FTSE this evening (5 June) as part of its annual review, and Liontrust is among those scheduled to enter the index, according to broker Numis. That could provide a further boost to a share price which has risen 50% in the past year alone, Numis said. "Buying/selling from index trackers can have a significant impact on trading flows since we estimate that index funds represent around 8% of the UK market: moves in and out of the FTSE All Share index have far greater impact than moves between indices," said analyst Charles Cade. ...
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