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UK Monthly Review
July 2020
%%31,158,196,146,195,220
ftserussell.com
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FTSE Russell
FTSE UK Indices
1–1
FTSE All-Share Review July 2020
FTSE UK Indices
Section – Page No.
1-3 FTSE UK Indices Performance
1-3 FTSE UK indices relative to FTSE All-Share
1-4 Market Capitalisation (GBP mn)
1-5 Number of Stocks
1-6 Industry/Sector Weights (bp)
1-7 Industry/Sector Weights by Index (%)
1-8 Index Weights by Industry/Sector (%)
1-9 Dividend Yield (%)
1-10 Price to Book
1-11 Price to Earnings
1-12 Price to Cash Earnings
1-13 Price to Sales
1-14 Return on Equity
1–2
July 2020 FTSE Russell
4.82 14.5 1.4 5.9 0.9 9.4 FTSE All-Share Index 3,282.02 -3.78 -21.79 -20.61 6,233.53 -3.58 -20.47 -17.76 1,868,634 100.00 613
5.03 14.1 1.4 5.4 0.8 9.9 FTSE 100 Index 5,897.76 -4.41 -21.81 -22.26 5,559.66 -4.20 -20.36 -19.23 1,499,285 80.23 101
3.83 14.4 1.3 9.6 1.0 9.2 FTSE 250 Index 16,932.65 -1.09 -22.62 -13.90 13,312.24 -0.99 -21.87 -11.99 308,194 16.49 251
4.82 14.2 1.4 5.8 0.9 9.8 FTSE 350 Index 3,316.88 -3.86 -21.95 -20.93 6,235.79 -3.67 -20.62 -18.07 1,807,479 96.73 352
4.82 75.7 0.9 9.2 0.9 1.1 FTSE Small Cap Index 4,942.72 -1.38 -16.94 -10.83 7,774.98 -1.12 -15.71 -8.26 61,155 3.27 261
7.57 N/A N/A N/A N/A N/A FTSE 350 Higher Yield Index 2,530.84 -7.16 -30.72 -31.37 5,200.98 -6.85 -29.14 -27.81 895,277 47.91 154
2.13 N/A N/A N/A N/A N/A FTSE 350 Lower Yield Index 3,947.59 -0.39 -12.52 -9.31 4,637.81 -0.31 -11.52 -7.42 912,202 48.82 198
4.98 N/A N/A N/A N/A N/A FTSE All-Share ex Invt Trust 3,176.19 -4.05 -22.78 -21.70 3,129.27 -3.85 -21.47 -18.85 1,744,065 93.33 424
5.07 N/A N/A N/A N/A N/A FTSE 100 Index ex Invt Trust 1,929.25 -4.49 -22.13 -22.59 15,168.78 -4.27 -20.68 -19.56 1,486,673 79.56 100
4.22 N/A N/A N/A N/A N/A FTSE 250 Index ex Invt Trust 17,127.89 -1.27 -26.49 -16.80 13,738.58 -1.20 -25.94 -15.10 227,368 12.17 184
4.96 N/A N/A N/A N/A N/A FTSE 350 Index ex Invt Trust 3,240.35 -4.07 -22.76 -21.83 3,143.07 -3.88 -21.44 -18.97 1,714,041 91.73 284
7.63 N/A N/A N/A N/A N/A FTSE 350 Higher Yield ex Invt Trust 3,708.72 -7.34 -31.14 -31.85 19,436.16 -7.04 -29.58 -28.32 870,513 46.59 132
2.20 N/A N/A N/A N/A N/A FTSE 350 Lower Yield ex Invt Trust 5,455.19 -0.45 -13.33 -10.16 12,776.91 -0.38 -12.33 -8.26 843,527 45.14 152
6.30 N/A N/A N/A N/A N/A FTSE Small Cap ex Invt Trust 3,737.94 -2.52 -23.56 -14.88 6,157.99 -2.41 -22.81 -12.81 30,025 1.61 140
130
FTSE UK Indices
120
110
100
90
80
Dec-15 Dec-16 Dec-17 Dec-18 Dec-19
FTSE All-Share FTSE 100 FTSE 250 FTSE 350 FTSE Small Cap
1–3
FTSE UK Indices Performance Relative to FTSE All-Share Index - GBP
1 Month 12 Months
FTSE Small Cap Index 2.5 FTSE Small Cap Index 12.3
1–3
FTSE All-Share Review July 2020
1–4
July 2020 FTSE Russell
FTSE UK Indices
Automobiles & Parts - 2 2 - 2 Automobiles & Parts
Beverages 2 3 5 1 6 Beverages
Food Producers 1 4 5 5 10 Food Producers
Household Goods & Home Constr. 5 5 10 4 14 Household Goods & Home Constr.
Leisure Goods - 1 1 1 2 Leisure Goods
Personal Goods 2 2 4 2 6 Personal Goods
Tobacco 2 - 2 - 2 Tobacco
Health Care 4 7 11 4 15 Health Care
Health Care Equipment & Services 1 3 4 2 6 Health Care Equipment & Services
Pharmaceuticals & Biotechnology 3 4 7 2 9 Pharmaceuticals & Biotechnology
Consumer Services 22 35 57 25 82 Consumer Services
Food & Drug Retailers 4 1 5 - 5 Food & Drug Retailers
General Retailers 5 10 15 10 25 General Retailers
Media 7 5 12 5 17 Media
Travel & Leisure 6 19 25 10 35 Travel & Leisure
Telecommunications 2 4 6 - 6 Telecommunications
Fixed Line Telecommunications 1 2 3 - 3 Fixed Line Telecommunications
Mobile Telecommunications 1 2 3 - 3 Mobile Telecommunications
Utilities 5 3 8 - 8 Utilities
1–5
Electricity 1 2 3 - 3 Electricity
Gas Water & Multiutilities 4 1 5 - 5 Gas Water & Multiutilities
Financials 23 121 144 166 310 Financials
Banks 5 5 10 1 11 Banks
Nonlife Insurance 2 6 8 - 8 Nonlife Insurance
Life Insurance 5 1 6 1 7 Life Insurance
Real Estate Investment & Services - 5 5 12 17 Real Estate Investment & Services
Real Estate Investment Trusts 3 18 21 18 39 Real Estate Investment Trusts
Financial Services 7 19 26 13 39 Financial Services
Equity Investment Instruments 1 67 68 121 189 Equity Investment Instruments
Technology 3 6 9 7 16 Technology
Software & Computer Services 3 5 8 6 14 Software & Computer Services
Technology Hardware & Equip. - 1 1 1 2 Technology Hardware & Equip.
TOTAL 101 251 352 261 613 TOTAL
1–5
FTSE All-Share Review July 2020
1–6
July 2020 FTSE Russell
FTSE UK Indices
Leisure Goods - 0.93 0.16 0.18 0.16 Leisure Goods
Personal Goods 3.66 0.22 3.07 0.18 2.98 Personal Goods
Tobacco 4.64 - 3.85 - 3.72 Tobacco
Health Care 13.62 3.89 11.96 3.16 11.67 Health Care
Health Care Equipment & Services 0.88 1.96 1.07 0.54 1.05 Health Care Equipment & Services
Pharmaceuticals & Biotechnology 12.73 1.93 10.89 2.61 10.62 Pharmaceuticals & Biotechnology
Consumer Services 11.55 12.20 11.66 7.18 11.52 Consumer Services
Food & Drug Retailers 2.50 0.39 2.14 - 2.07 Food & Drug Retailers
General Retailers 1.87 4.67 2.35 2.67 2.36 General Retailers
Media 3.88 1.76 3.52 1.47 3.45 Media
Travel & Leisure 3.30 5.38 3.66 3.05 3.64 Travel & Leisure
Telecommunications 2.63 0.84 2.33 - 2.25 Telecommunications
Fixed Line Telecommunications 0.57 0.40 0.54 - 0.52 Fixed Line Telecommunications
Mobile Telecommunications 2.06 0.44 1.79 - 1.73 Mobile Telecommunications
Utilities 4.10 1.40 3.64 - 3.52 Utilities
Electricity 0.90 0.48 0.83 - 0.80 Electricity
Gas Water & Multiutilities 3.20 0.92 2.81 - 2.72 Gas Water & Multiutilities
Financials 18.66 49.09 23.85 66.25 25.24 Financials
Banks 8.02 1.40 6.89 0.27 6.68 Banks
Nonlife Insurance 0.63 4.01 1.21 - 1.17 Nonlife Insurance
Life Insurance 4.02 0.15 3.36 0.70 3.27 Life Insurance
Real Estate Investment & Services - 1.45 0.25 4.03 0.37 Real Estate Investment & Services
1–7
Real Estate Investment Trusts 1.27 8.16 2.44 6.62 2.58 Real Estate Investment Trusts
Financial Services 3.89 7.70 4.54 3.72 4.51 Financial Services
Equity Investment Instruments 0.84 26.23 5.17 50.90 6.67 Equity Investment Instruments
Technology 0.92 2.26 1.15 3.12 1.21 Technology
Software & Computer Services 0.92 1.71 1.05 2.44 1.10 Software & Computer Services
Technology Hardware & Equip. - 0.55 0.09 0.68 0.11 Technology Hardware & Equip.
TOTAL 100.00 100.00 100.00 100.00 100.00 TOTAL
1–7
FTSE All-Share Review July 2020
1–8
July 2020 FTSE Russell
FTSE UK Indices
Leisure Goods - 1.65 1.65 18.71 2.29 Leisure Goods
Personal Goods 3.16 2.32 3.15 18.71 3.18 Personal Goods
Tobacco 9.43 - 9.43 - 9.43 Tobacco
Health Care 3.49 1.54 3.39 3.92 3.39 Health Care
Health Care Equipment & Services 2.00 2.22 2.07 3.84 2.10 Health Care Equipment & Services
Pharmaceuticals & Biotechnology 3.60 0.85 3.51 3.94 3.52 Pharmaceuticals & Biotechnology
Consumer Services 3.49 4.78 3.72 8.55 3.82 Consumer Services
Food & Drug Retailers 3.24 3.09 3.24 - 3.24 Food & Drug Retailers
General Retailers 1.83 3.82 2.51 9.88 2.78 General Retailers
Media 4.23 2.49 4.09 5.78 4.11 Media
Travel & Leisure 3.73 6.48 4.42 8.73 4.54 Travel & Leisure
Telecommunications 8.71 3.80 8.41 - 8.41 Telecommunications
Fixed Line Telecommunications 15.62 4.01 14.16 - 14.16 Fixed Line Telecommunications
Mobile Telecommunications 6.79 3.61 6.66 - 6.66 Mobile Telecommunications
Utilities 5.28 15.33 5.94 - 5.94 Utilities
Electricity 6.15 5.73 6.11 - 6.11 Electricity
Gas Water & Multiutilities 5.03 20.30 5.89 - 5.89 Gas Water & Multiutilities
Financials 5.24 3.35 4.57 4.11 4.53 Financials
Banks 6.63 6.55 6.62 0.00 6.62 Banks
Nonlife Insurance 4.49 4.56 4.53 - 4.53 Nonlife Insurance
Life Insurance 6.10 0.00 6.06 7.49 6.07 Life Insurance
Real Estate Investment & Services - 2.32 2.32 3.11 2.60 Real Estate Investment & Services
1–9
Real Estate Investment Trusts 4.18 3.77 3.94 8.69 4.34 Real Estate Investment Trusts
Financial Services 2.99 4.08 3.30 6.62 3.39 Financial Services
Equity Investment Instruments 0.37 2.72 2.41 3.38 2.65 Equity Investment Instruments
Technology 2.04 6.19 3.44 1.22 3.25 Technology
Software & Computer Services 2.04 7.68 3.60 1.56 3.46 Software & Computer Services
Technology Hardware & Equip. - 1.53 1.53 0.00 1.23 Technology Hardware & Equip.
1–9
FTSE All-Share Review July 2020
1–10
July 2020 FTSE Russell
FTSE UK Indices
Leisure Goods - 37.1 37.1 37.9 37.1 Leisure Goods
Personal Goods 20.2 42.9 20.2 -1.1 20.7 Personal Goods
Tobacco 9.0 - 9.0 - 9.0 Tobacco
Health Care 22.4 38.5 22.9 12.9 22.7 Health Care
Health Care Equipment & Services 21.1 +ve 29.6 26.6 29.5 Health Care Equipment & Services
Pharmaceuticals & Biotechnology 22.5 20.8 22.4 11.6 22.2 Pharmaceuticals & Biotechnology
Consumer Services 15.6 12.6 14.9 28.6 15.1 Consumer Services
Food & Drug Retailers 20.8 13.3 20.5 - 20.5 Food & Drug Retailers
General Retailers 32.0 19.9 26.5 6.8 24.0 General Retailers
Media 12.7 17.8 13.0 5.8 12.8 Media
Travel & Leisure 12.8 8.9 11.6 -7.8 12.4 Travel & Leisure
Telecommunications 7.0 11.8 7.2 - 7.2 Telecommunications
Fixed Line Telecommunications 3.4 7.2 3.6 - 3.6 Fixed Line Telecommunications
Mobile Telecommunications 10.0 28.8 10.3 - 10.3 Mobile Telecommunications
Utilities 28.3 -6.1 44.9 - 44.9 Utilities
Electricity 69.4 29.2 61.1 - 61.1 Electricity
Gas Water & Multiutilities 24.3 -3.8 41.6 - 41.6 Gas Water & Multiutilities
Financials 11.7 13.6 12.3 27.4 12.9 Financials
Banks 8.2 4.3 8.0 -1.2 8.1 Banks
Nonlife Insurance 12.8 14.4 13.7 - 13.7 Nonlife Insurance
Life Insurance 10.7 1.5 10.2 4.7 10.1 Life Insurance
1–11
Real Estate Investment & Services - 12.0 12.0 19.9 13.9 Real Estate Investment & Services
Real Estate Investment Trusts -19.8 -ve -40.0 -ve -43.2 Real Estate Investment Trusts
Financial Services 19.7 14.2 17.7 5.7 16.8 Financial Services
Equity Investment Instruments 13.0 11.4 11.6 30.9 13.7 Equity Investment Instruments
Technology 26.8 9.0 16.1 31.0 16.8 Technology
Software & Computer Services 26.8 7.4 15.5 25.4 16.0 Software & Computer Services
Technology Hardware & Equip. - 27.4 27.4 +ve 32.6 Technology Hardware & Equip.
INDEX 14.1 14.4 14.2 75.7 14.5 INDEX
1–11
FTSE All-Share Review July 2020
1–12
July 2020 FTSE Russell
FTSE UK Indices
Leisure Goods - 10.6 10.6 0.8 7.3 Leisure Goods
Personal Goods 2.3 1.0 2.3 0.1 2.3 Personal Goods
Tobacco 1.7 - 1.7 - 1.7 Tobacco
Health Care 3.6 2.5 3.5 1.3 3.4 Health Care
Health Care Equipment & Services 3.3 1.6 2.5 0.5 2.3 Health Care Equipment & Services
Pharmaceuticals & Biotechnology 3.6 5.9 3.6 2.0 3.6 Pharmaceuticals & Biotechnology
Consumer Services 0.8 0.5 0.7 0.2 0.7 Consumer Services
Food & Drug Retailers 0.4 1.0 0.4 - 0.4 Food & Drug Retailers
General Retailers 1.4 0.5 0.8 0.1 0.7 General Retailers
Media 1.9 2.8 1.9 0.7 1.9 Media
Travel & Leisure 0.9 0.3 0.7 0.4 0.6 Travel & Leisure
Telecommunications 0.7 1.1 0.7 - 0.7 Telecommunications
Fixed Line Telecommunications 0.4 0.8 0.5 - 0.5 Fixed Line Telecommunications
Mobile Telecommunications 0.8 1.5 0.8 - 0.8 Mobile Telecommunications
Utilities 2.4 0.1 1.1 - 1.1 Utilities
Electricity 2.0 0.3 1.3 - 1.3 Electricity
Gas Water & Multiutilities 2.5 0.1 1.1 - 1.1 Gas Water & Multiutilities
Financials 0.6 3.4 0.8 6.4 0.9 Financials
Banks 0.7 0.7 0.7 0.3 0.7 Banks
Nonlife Insurance 1.2 1.5 1.3 - 1.3 Nonlife Insurance
Life Insurance 0.2 0.1 0.2 1.1 0.2 Life Insurance
1–13
Real Estate Investment & Services - 1.8 1.8 2.2 1.9 Real Estate Investment & Services
Real Estate Investment Trusts 10.8 14.6 12.7 5.9 11.6 Real Estate Investment Trusts
Financial Services 1.5 1.5 1.5 1.1 1.5 Financial Services
Equity Investment Instruments 12.2 14.2 13.9 22.5 15.3 Equity Investment Instruments
Technology 5.2 1.0 2.1 1.8 2.1 Technology
Software & Computer Services 5.2 0.8 2.1 1.5 2.0 Software & Computer Services
Technology Hardware & Equip. - 4.4 4.4 5.5 4.5 Technology Hardware & Equip.
INDEX 0.8 1.0 0.9 0.9 0.9 INDEX
1–13
FTSE All-Share Review July 2020
1–14
July 2020 FTSE Russell
2–1
FTSE All-Share Review July 2020
2–2
July 2020 FTSE Russell
2–3
6.07 10.1 1.3 0.8 0.2 12.7 Life Insurance 6,015.05 -5.9 -26.8 -23.7 6,736.79 -5.9 -24.6 -20.1 61,128 3.27 7 -0.20
2.60 13.9 1.0 13.6 1.9 7.8 Real Estate Investment & Services 2,199.14 -3.2 -25.1 -7.1 6,288.01 -3.0 -24.5 -5.5 6,923 0.37 17 -0.01
4.34 -43.2 0.8 21.6 11.6 -1.9 Real Estate Investment Trusts 2,290.12 2.3 -24.1 -8.5 3,224.81 2.4 -22.8 -5.5 48,193 2.58 39 0.06
3.39 16.8 2.0 4.7 1.5 11.6 Financial Services 9,175.80 0.4 -15.8 -7.8 11,711.92 0.4 -13.9 -4.4 84,279 4.51 39 0.02
2.65 13.7 1.0 72.2 15.3 7.3 Equity Investment Instruments 10,712.96 0.1 -4.7 -1.2 6,351.04 0.4 -3.2 1.5 124,568 6.67 189 0.01
3.25 16.8 2.5 16.1 2.1 14.4 Technology 2,093.17 6.7 -7.5 -4.3 2,909.90 6.8 -6.4 -2.1 22,620 1.21 16 0.07
3.46 16.0 2.4 15.7 2.0 14.3 Software & Computer Services 2,227.49 5.7 -10.1 -8.9 3,276.56 5.8 -9.0 -6.8 20,514 1.10 14 0.06
1.23 32.6 5.8 21.7 4.5 18.6 Technology Hardware & Equip. 5,572.47 17.6 28.1 89.9 6,885.19 17.6 29.5 93.5 2,106 0.11 2 0.02
4.82 14.5 1.4 5.9 0.9 9.4 FTSE All-Share Index 3,282.02 -3.8 -21.8 -20.6 6,233.53 -3.6 -20.5 -17.8 1,868,634 100.00 613 -
2–3
FTSE All-Share Review July 2020
2–4
July 2020 FTSE Russell
2–5
TELECOMMUNICATIONS -11.6
Fixed Line Telecommunications -32.4
Mobile Telecommunications -2.5
UTILITIES 37.9
Electricity 45.9
Gas Water & Multiutilities 35.7
FINANCIALS -3.7
Banks -32.3
Nonlife Insurance 4.2
Life Insurance -3.9
Real Estate Investment & Services 17.0
Real Estate Investment Trusts 15.2
Financial Services 16.1
Equity Investment Instruments 24.5
TECHNOLOGY 20.5
Software & Computer Services 14.7
Technology Hardware & Equip. 139.1
-100 -50 0 50 100 150
2–5
FTSE All-Share Review July 2020
1 Month 12 Months
Name Sector Price Chg% Name Sector Price Chg%
Indivior Pharmaceuticals & Biotechnology 1.37 65.54 Petropavlovsk Mining 0.36 265.29
Amigo Holdings Financial Services 0.09 58.69 CMC Markets Financial Services 3.21 227.55
Luceco Electronic & Electrical Equipment 1.41 49.63 BATM Advanced Commun Technology Hardware & Equipment 1.23 184.72
Kainos Group Software & Computer Services 11.00 46.86 Premier Foods Food Producers 0.87 157.10
Fresnillo Mining 12.33 46.48 Indivior Pharmaceuticals & Biotechnology 1.37 150.73
Premier Oil Oil & Gas Producers 0.35 -31.49 Cineworld Group Travel & Leisure 0.38 -85.03
Kier Group Construction & Materials 0.64 -34.50 Tullow Oil Oil & Gas Producers 0.25 -87.03
Micro Focus Internat Software & Computer Services 2.77 -35.86 Ted Baker Personal Goods 0.74 -90.08
Riverstone Energy Equity Investment Instruments 2.40 -36.13 Finablr Support Services 0.11 -93.28
Cineworld Group Travel & Leisure 0.38 -36.90 Amigo Holdings Financial Services 0.09 -94.41
1 Month 12 Months
Name Sector Price Wgt % Cont% Name Sector Price Wgt % Cont%
Diageo Beverages 28.01 3.44 0.14 AstraZeneca Pharmaceuticals & Biotechnology 85.30 5.99 0.82
Unilever Personal Goods 45.73 2.67 0.12 Reckitt Benckiser Gr Household Goods & Home Constr. 77.06 2.60 0.36
Reckitt Benckiser Gr Household Goods & Home Constr. 77.06 2.60 0.09 LSE Group PLC Financial Services 84.84 1.43 0.25
AstraZeneca Pharmaceuticals & Biotechnology 85.30 5.99 0.07 Flutter Entertainmen Travel & Leisure 114.70 0.73 0.20
Flutter Entertainmen Travel & Leisure 114.70 0.73 0.05 Scottish Mortgage In Equity Investment Instruments 8.69 0.67 0.19
Royal Dutch Shell B Oil & Gas Producers 10.81 2.14 -0.27 Lloyds Banking Group Banks 0.26 0.99 -0.81
BP Oil & Gas Producers 2.75 2.92 -0.33 BP Oil & Gas Producers 2.75 2.92 -2.30
Royal Dutch Shell A Oil & Gas Producers 11.22 2.46 -0.35 Royal Dutch Shell B Oil & Gas Producers 10.81 2.14 -2.43
HSBC Hldgs Banks 3.42 3.73 -0.38 Royal Dutch Shell A Oil & Gas Producers 11.22 2.46 -2.67
British Amer Tobacco Tobacco 25.25 3.08 -0.68 HSBC Hldgs Banks 3.42 3.73 -2.72
70
7000
60
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6000
40
5000 30
20
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3000 0
Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19
Capital Return Total Return vol 1m vol 3m
2–6
July 2020 FTSE Russell
2–7
1.80 5.7 1.6 6.1 1.4 36.9 Dec 19 B0HZPV3 0.83 0.06 Kaz Minerals 5.41 GBP 472 46.8 1,197 M 8.1 1.7 -6.5 972 5.2
3.50 5.8 0.3 3.4 1.0 5.2 Dec 19 BDC5DH1 0.10 0.008 Kenmare Resources 1.90 GBP 110 70.1 146 S -5.0 -19.5 -12.0 110 0.21
0.00 57.0 2.5 15.5 2.1 4.5 Dec 19 3154454 0.64 0.05 Petropavlovsk 0.36 GBP 3,310 76.4 916 M 44.2 184.1 265.3 34,625 11.3
2.66 28.1 7.3 19.4 6.0 28.8 Dec 19 B6T5S47 4.47 0.34 Polymetal Internatio 18.95 GBP 472 71.8 6,425 L 17.3 60.5 92.7 1,946 32.9
6.52 11.8 2.5 6.5 2.2 19.6 Dec 19 0718875 34.86 2.68 Rio Tinto 46.15 GBP 1,247 87 50,068 L 1.5 2.5 -0.6 1,992 94.3
6.13 10.5 1.4 4.2 0.7 12.8 143,636 2.8 -4.2 -8.5 - -
Construction & Materials
2.20 11.3 1.2 6.0 0.2 11.3 Dec 19 0096162 5.82 0.09 Balfour Beatty 2.41 GBP 690 99.2 1,648 M -7.7 -8.0 16.8 775 2.0
N/A -ve 0.5 -2.7 0.1 -0.2 Dec 19 B64NSP7 0.29 0.004 Costain Group 0.60 GBP 142 96.8 83 S -15.1 -59.8 -59.1 707 0.43
2.65 12.1 1.4 6.8 1.0 12.1 Dec 19 0182704 76.67 1.16 CRH 27.66 GBP 785 99.9 21,690 L 0.6 -9.1 1.1 865 25.3
7.22 6.5 2.0 5.9 0.8 32.8 Dec 19 BYYW3C2 1.10 0.02 Forterra 1.55 GBP 200 99.9 311 S -22.8 -55.2 -44.5 1,321 2.3
0.00 1.2 0.1 -1.9 0.0 11.8 Jun 19 BKY40Q3 0.36 0.006 Galliford Try Holdin 0.96 GBP 111 97.1 103 S -19.2 -19.5 16.9 526 0.6
6.10 9.0 1.4 8.5 1.6 15.9 Dec 19 BYXJC27 2.17 0.03 Ibstock 1.59 GBP 409 94.5 615 M -11.6 -49.6 -29.5 1,664 2.9
6.38 15.4 1.0 2.5 0.2 6.3 Dec 19 0486622 1.42 0.02 Keller 5.63 GBP 72 98.7 401 S -11.2 -24.9 -14.4 81 0.50
N/A -0.6 0.2 -1.0 0.0 -30.1 Jun 19 0491563 0.35 0.005 Kier Group 0.64 GBP 162 95.9 99 S -34.5 -33.5 3.6 1,138 0.9
2.14 19.6 4.0 13.5 2.2 21.6 Dec 19 B012BV2 4.16 0.06 Marshalls 5.95 GBP 200 99 1,178 M -3.5 -30.9 -6.5 188 1.2
5.27 6.5 1.2 9.1 0.2 19.6 Dec 19 0808561 1.46 0.02 Morgan Sindall Group 10.44 GBP 45 87 414 M -15.3 -35.6 -7.1 48 0.6
5.56 8.5 1.2 4.8 0.4 12.9 Mar 20 BYYJL41 0.42 0.006 Norcros 1.57 GBP 81 93.6 118 S 2.3 -44.1 -24.9 108 0.17
2.94 14.3 2.3 11.7 1.8 16.5 Dec 19 BKRC5K3 2.71 0.04 Polypipe Group 4.05 GBP 201 94 765 M -6.4 -25.0 -0.8 342 1.5
10.71 -1.9 0.7 1.6 0.1 -29.6 Dec 19 0802541 0.73 0.01 SIG 0.28 GBP 739 100 207 S -8.2 -76.4 -77.9 4,380 1.4
6.86 8.1 0.8 4.2 0.6 10.1 Dec 19 B29H425 1.22 0.02 Tyman 1.76 GBP 196 99.8 346 S -7.1 -35.0 -18.7 151 0.27
2.94 9.5 1.9 11.0 1.4 20.4 Jul 19 BN3ZZ52 1.10 0.02 Volution Group 1.67 GBP 198 94.6 312 S -10.5 -35.2 -8.5 176 0.31
3.15 13.1 1.4 7.1 0.6 10.5 28,289 -2.0 -15.4 0.0 - -
2–7
FTSE All-Share Review July 2020
2–8
July 2020 FTSE Russell
2–9
5.86 68.7 1.4 4.8 0.5 2.0 Feb 20 B010DT8 1.00 0.04 C&C Group 2.32 GBP 310 100 718 M 0.7 -43.1 -34.4 773 1.8
2.80 17.1 3.2 9.7 1.2 16.8 Dec 19 B9895B7 5.44 0.21 Coca-Cola HBC AG 20.03 GBP 364 53.4 3,901 L -1.2 -21.9 -29.4 540 11.0
2.49 20.3 7.8 20.2 5.1 35.2 Jun 19 0237400 89.52 3.44 Diageo 28.01 GBP 2,337 98 64,206 L 4.5 -12.5 -18.7 2,393 66.7
3.48 16.7 1.4 10.6 1.6 8.4 Sep 19 BF5SDZ9 0.59 0.02 Stock Spirits Group 2.24 GBP 200 94.3 423 S -4.3 8.5 -2.2 235 0.5
2.59 20.2 6.7 18.1 3.7 30.3 71,720 4.0 -13.5 -19.6 - -
Food Producers
0.08 14.9 0.6 12.8 1.1 4.2 Dec 19 0036577 0.68 0.005 Anglo-Eastern Planta 4.73 GBP 40 48.6 91 S -4.9 -17.7 4.0 4 0.02
2.63 14.8 1.5 9.1 0.9 10.1 Sep 19 0673123 45.52 0.33 Assoc British Foods 17.65 GBP 792 43.8 6,130 L -7.8 -32.1 -27.1 803 15.5
9.37 9.9 0.6 3.2 0.2 6.5 Dec 19 BF8J3Z9 0.69 0.005 Bakkavor Group 0.64 GBP 579 25 93 S -9.5 -54.2 -39.4 - -
3.69 9.2 1.0 8.9 0.3 11.8 Aug 19 BRK0105 0.73 0.005 Carrs Group 1.29 GBP 92 82.6 98 S 17.3 -16.7 -13.9 179 0.22
1.69 21.7 3.0 16.4 1.1 15.0 Mar 20 0231888 13.78 0.10 Cranswick 35.80 GBP 52 99.1 1,856 M -1.1 5.6 34.5 81 3.0
1.66 -6.7 3.6 6.0 1.1 -36.4 Dec 19 0267043 1.99 0.01 Devro 1.62 GBP 167 98.7 268 S 7.4 -9.0 -20.8 239 0.36
4.85 5.1 1.9 6.4 0.4 21.5 Sep 19 0386410 4.22 0.03 Greencore Group 1.28 GBP 446 99.6 569 M 1.7 -52.3 -40.2 1,562 1.9
1.94 25.2 4.8 12.0 0.5 19.7 Dec 19 B1V9NW5 5.24 0.04 Hilton Food Group 11.02 GBP 82 78.3 706 M -12.8 -0.5 17.7 129 1.5
0.00 9.7 0.4 8.6 0.9 5.7 Mar 20 B7N0K05 4.55 0.03 Premier Foods 0.87 GBP 848 83.1 613 S 24.1 129.6 157.1 3,609 3.1
4.55 10.9 2.2 7.2 1.1 19.4 Mar 20 0875413 22.61 0.16 Tate & Lyle 6.51 GBP 468 99.8 3,045 M -2.5 -14.3 -13.8 1,163 7.6
2.89 13.9 1.6 8.8 0.8 11.6 13,468 -4.1 -22.6 -16.6 - -
Household Goods & Home Constr.
5.70 7.0 1.1 12.2 1.1 15.7 Jun 19 0081180 6.52 0.28 Barratt Developments 5.11 GBP 1,018 99.3 5,163 L 3.0 -31.6 -18.5 2,723 14.3
5.91 5.8 1.1 10.7 1.0 19.7 Jul 19 0090498 3.97 0.17 Bellway 25.46 GBP 123 100 3,140 M 0.0 -33.1 -14.3 345 9.1
2.68 13.7 1.8 11.5 2.9 13.5 Apr 20p B02L3W3 6.56 0.28 Berkeley Group Holdi 44.54 GBP 126 92.7 5,192 L 6.9 -8.3 14.9 347 15.4
5.75 8.3 1.7 15.1 1.2 21.2 Sep 19 BYPHNG0 1.85 0.08 Countryside Properti 2.83 GBP 525 98.3 1,462 M -14.4 -37.7 -3.6 2,192 7.2
5.99 5.8 0.6 3.8 0.4 9.5 Oct 19 B8VZXT9 0.58 0.02 Crest Nicholson Hold 1.87 GBP 257 96.2 462 M -5.4 -56.7 -49.0 918 1.9
9.09 7.8 1.0 5.2 0.3 12.5 Dec 19 0417008 0.29 0.01 Headlam Group 2.75 GBP 85 97.3 227 S -3.2 -48.6 -37.6 57 0.15
3.73 10.8 1.8 41.3 1.4 17.0 Jun 19 BRKD9Z5 0.35 0.01 M J Gleeson 6.16 GBP 58 77.5 278 S -6.4 -35.5 -27.2 39 0.26
0.00 11.0 1.7 15.0 0.2 15.2 Jun 19 0574635 0.14 0.006 McBride 0.60 GBP 183 99.7 109 S -3.8 -32.2 -5.7 225 0.14
2–9
FTSE All-Share Review July 2020
2–10
July 2020 FTSE Russell
2–11
0.00 -1.4 0.4 0.4 0.1 -22.2 Mar 20 0345217 0.63 0.02 FirstGroup 0.35 GBP 1,218 99.7 429 M -29.9 -71.9 -69.3 3,260 1.2
1.71 52.4 4.1 40.9 7.9 8.1 Dec 19 BWXC0Z1 20.14 0.73 Flutter Entertainmen 114.70 GBP 152 78.4 13,683 L 8.3 26.4 78.3 406 45.7
3.42 39.6 2.4 29.6 2.5 6.0 Mar 19 B1YPC34 0.27 0.01 Fuller Smith & Turne 5.90 GBP 32 95.8 183 S -23.4 -38.7 -38.7 27 0.16
0.00 15.0 2.2 18.7 2.4 19.7 Dec 19 BZ14BX5 1.07 0.04 Gamesys Group 9.31 GBP 109 71.7 726 M 8.4 31.7 35.1 218 2.0
16.46 4.2 0.9 1.2 0.1 21.3 Jun 19 0375377 0.39 0.01 Go-Ahead Group 6.20 GBP 43 99.9 268 M -25.5 -71.9 -70.9 142 1.0
5.06 11.5 1.3 8.6 1.0 10.5 Dec 19 B5VQMV6 5.67 0.21 GVC Holdings 6.65 GBP 583 99.4 3,850 L -10.3 -24.8 12.3 2,994 24.1
5.50 9.3 2.1 6.4 1.6 23.2 Sep 19 BD0NVK6 0.29 0.01 Hollywood Bowl Group 1.35 GBP 158 93.5 199 S -12.9 -51.9 -36.3 213 0.32
N/A 3.3 0.5 5.8 0.8 14.9 Dec 19 BYYN422 0.08 0.003 Hostelworld Group 0.60 GBP 96 100 57 S -6.0 -52.0 -64.7 110 0.07
2.61 19.3 -5.8 12.7 2.4 N/A Dec 19 BHJYC05 9.44 0.34 InterContinental Hot 35.16 GBP 183 99.8 6,412 L -1.4 -32.5 -38.5 549 20.7
N/A 2.0 0.5 0.9 0.1 27.8 Dec 19 B5M6XQ7 3.61 0.13 International Consol 1.65 GBP 1,986 74.9 2,451 L -25.9 -73.6 -61.2 15,602 32.5
18.66 -15.4 0.3 2.1 0.2 -1.9 Sep 19 B1JQDM8 0.37 0.01 Marstons 0.40 GBP 634 98.9 252 S -24.4 -68.4 -62.4 4,374 2.1
0.00 4.5 0.3 2.5 0.3 7.9 Sep 19p B1FP6H5 0.49 0.02 Mitchells & Butlers 1.53 GBP 429 50.8 334 M -18.6 -66.7 -49.7 1,322 2.2
10.12 3.9 0.7 2.2 0.3 17.9 Dec 19 0621520 0.94 0.03 National Express Gro 1.52 GBP 512 82.5 640 M -18.9 -67.7 -63.9 1,529 2.5
1.18 15.0 2.8 16.0 2.5 19.7 Sep 19 BYM1K75 0.44 0.02 On The Beach Group 2.80 GBP 131 81.9 301 S -5.1 -42.7 -40.8 386 1.1
5.27 7.2 0.9 3.6 0.7 11.3 Dec 19 B7S9G98 1.30 0.05 Playtech 2.98 GBP 299 99.1 885 M 5.9 -24.9 -32.8 832 2.5
3.36 12.5 1.2 5.7 1.3 9.7 Dec 19 B1Z5FH8 0.34 0.01 PPHE Hotel Group 10.70 GBP 42 50.4 229 M -1.8 -42.2 -41.8 13 0.14
6.08 12.5 1.3 5.3 0.8 10.7 Jun 19 B1L5QH9 0.34 0.01 Rank Group 1.37 GBP 391 43.6 233 M -6.7 -50.7 -9.9 260 0.37
8.08 -6.9 0.6 3.5 0.2 -8.8 Dec 19 B0YG1K0 0.37 0.01 Restaurant Group 0.44 GBP 590 96.2 251 S -21.6 -72.9 -71.0 1,202 0.6
N/A -0.6 0.3 1.8 0.2 -38.1 Jan 20 BLT1Y08 0.25 0.009 Saga 0.15 GBP 1,122 99 168 S -2.1 -71.5 -66.1 2,507 0.40
5.74 8.1 3.3 3.8 0.4 38.6 Sep 19 BGBN7C0 1.59 0.06 SSP Group 2.06 GBP 534 98.6 1,083 M -20.1 -68.4 -70.9 1,443 3.5
N/A 6.3 -2.0 1.6 0.2 N/A May 20p B6YTLS9 0.28 0.01 Stagecoach Group 0.47 GBP 550 73.4 192 S -20.3 -70.4 -63.5 1,687 0.9
8.57 9.3 1.6 4.4 1.1 17.4 Dec 19 BF020D3 0.08 0.003 Ten Entertainment Gr 1.33 GBP 68 60.7 55 S -21.8 -56.0 -45.0 82 0.12
1.05 33.2 1.5 3.9 1.4 4.4 Dec 19 BZBX0P7 0.30 0.01 The Gym Group 1.33 GBP 166 93.2 206 S -12.2 -53.8 -47.6 547 0.8
0.00 -57.2 5.3 39.6 7.5 -23.0 Feb 20 BKDTK92 2.77 0.10 Trainline 4.09 GBP 481 95.8 1,884 M -5.8 -19.3 -4.4 1,038 4.4
15.81 3.4 0.5 1.9 0.1 15.3 Sep 19 B11LJN4 1.85 0.07 TUI AG 2.88 GBP 589 74 1,256 M -24.4 -69.8 -64.8 2,580 9.1
1.42 12.7 3.2 5.9 0.6 26.7 Jul 19 0163895 0.99 0.04 Wetherspoon(J D) 8.45 GBP 120 66 672 M -16.0 -49.2 -44.8 237 2.2
3.05 18.5 1.2 18.8 2.1 4.8 Feb 20 B1KJJ40 6.46 0.24 Whitbread 21.80 GBP 202 99.8 4,391 L -1.9 -47.6 -43.9 706 16.2
9.97 22.5 3.5 5.9 0.7 15.9 Dec 19 3169889 1.61 0.06 William Hill 1.04 GBP 1,049 99.6 1,091 M -8.3 -44.6 -31.6 5,178 5.9
2–11
FTSE All-Share Review July 2020
2–12
July 2020 FTSE Russell
2–13
5.52 11.7 0.8 59.3 7.1 7.2 Sep 19 BYSX150 0.32 0.008 Residential Secure I GBP 99.9 S 101 0.09
2.34 12.2 1.8 24.2 10.6 15.8 Oct 19 B1N7Z09 3.24 0.08 Safestore Holdings 7.65 GBP 210 97.1 1,563 M 5.3 -5.1 22.3 296 2.2
7.78 15.0 0.6 6.2 5.6 4.1 Sep 19 BY7R8K7 0.18 0.005 Schroder European Re 0.74 GBP 134 89.9 89 S 3.8 -33.0 -27.5 115 0.08
7.09 -5.5 0.6 22.7 7.1 -9.7 Mar 20 B01HM14 0.37 0.01 Schroder Real Estate 0.35 GBP 519 99.9 180 S 14.5 -37.3 -37.8 714 0.24
2.14 13.5 1.5 54.9 26.2 12.0 Dec 19 B5ZN1N8 23.90 0.62 Segro 9.69 GBP 1,191 99.7 11,516 L 8.3 8.0 26.8 2,114 19.7
3.45 60.7 0.5 28.2 12.2 0.9 Sep 19 0799096 2.37 0.06 Shaftesbury 5.14 GBP 307 72.3 1,142 M -2.7 -45.7 -34.7 258 1.3
8.37 14.3 0.6 14.8 7.5 4.4 Dec 19 3387528 0.48 0.01 Standard Life Inv Pr 0.57 GBP 407 99.9 231 S -6.1 -37.5 -35.1 760 0.43
5.97 17.1 1.2 28.1 14.9 7.7 Jun 19p BJGTLF5 1.06 0.03 Target Healthcare RE 1.11 GBP 457 99.8 509 S 1.3 -4.0 0.0 378 0.40
4.79 15.8 1.0 27.7 17.8 6.5 Dec 19 BF0P7H5 0.70 0.02 Triple Point Social 1.07 GBP 351 90.4 340 S 9.2 18.9 35.8 433 0.45
4.43 18.3 1.0 39.4 17.9 5.9 Dec 19 BG49KP9 5.36 0.14 Tritax Big Box REIT 1.51 GBP 1,707 99.8 2,581 M 4.4 1.7 -1.0 3,004 4.5
4.69 +ve 0.8 36.1 25.4 0.1 Dec 19 B19Z2J5 0.93 0.02 UK Comm Prp REIT 0.69 GBP 1,299 50.1 448 M 14.9 -22.6 -17.3 4,056 2.6
3.17 -44.7 1.2 46.6 25.1 -3.3 Dec 19 0692861 6.19 0.16 Unite Group 9.39 GBP 398 79.8 2,985 M -0.1 -25.5 -9.0 1,142 10.6
5.88 15.3 0.6 13.1 6.9 3.6 Mar 20 B67G5X0 1.70 0.04 Workspace Group 6.15 GBP 181 73.6 818 M -5.9 -48.2 -27.2 224 1.4
4.34 -43.2 0.8 21.6 11.6 -1.9 48,193 2.3 -24.1 -8.5 - -
Financial Services
3.93 40.3 1.1 67.1 33.4 2.7 Mar 20 B1YW440 10.04 0.45 3i Group 8.90 GBP 973 97.7 8,465 L 6.8 -19.0 -20.0 1,836 15.7
1.12 57.1 20.6 54.8 16.9 41.3 Sep 19 BFZNLB6 1.48 0.07 AJ Bell 4.32 GBP 410 70.2 1,245 M 11.8 0.7 3.7 851 3.4
0.00 2.4 0.9 -2.8 46.8 37.7 Dec 19 BLRLH12 0.11 0.005 Allied Minds 0.41 GBP 242 98 97 S 23.3 3.6 -20.5 317 0.12
N/A -1.6 0.3 0.4 0.1 -13.2 Mar 20 BFFK8T4 0.02 0.001 Amigo Holdings 0.09 GBP 475 36.4 16 S 58.7 -86.1 -94.4 39,382 3.8
N/A 2.9 0.7 6.5 0.5 24.1 Dec 19 BDGTXM4 0.13 0.006 Arrow Global Group 0.76 GBP 177 82 110 S -15.0 -70.5 -71.9 340 0.28
4.33 15.2 3.3 13.6 8.6 22.8 Jun 19 B132NW2 2.11 0.10 Ashmore Group 3.90 GBP 713 63.9 1,778 M -6.4 -24.6 -27.2 1,009 4.2
6.25 14.2 2.4 11.9 2.3 18.3 Sep 19 0176581 0.90 0.04 Brewin Dolphin Holdi 2.63 GBP 303 95.5 760 M 0.8 -29.5 -17.6 410 1.1
7.00 11.9 5.6 10.1 3.3 44.1 Jun 19 B104RS5 0.10 0.005 City Of London Inves 4.00 GBP 27 81.2 86 S 4.4 -9.1 -6.8 15 0.06
1.10 10.5 3.3 14.9 3.7 36.2 Mar 20 B14SKR3 0.42 0.02 CMC Markets 3.21 GBP 289 37.8 351 S 20.2 119.0 227.6 780 2.6
0.00 1.1 0.4 5.0 0.4 39.2 Dec 19 BF4HYV0 0.19 0.009 Georgia Capital 3.66 GBP 48 93.1 163 S -21.3 -60.3 -62.7 54 0.23
1.98 32.9 18.1 31.7 17.3 58.5 Jun 19 B1VZ0M2 7.44 0.34 Hargreaves Lansdown 17.49 GBP 474 75.5 6,266 L 7.4 -9.6 -16.4 898 14.8
5.87 11.3 2.9 9.3 4.1 27.0 May 20p B06QFB7 3.17 0.14 IG Group Holdings 7.36 GBP 369 98.2 2,672 M -10.0 5.9 28.7 895 7.1
2–13
FTSE All-Share Review July 2020
2–14
July 2020 FTSE Russell
2–15
2.51 15.9 1.0 15.9 33.4 6.1 Jul 19 0419929 0.21 0.01 Henderson Eurotrust 12.35 GBP 21 99.8 261 S 0.4 4.2 6.0 33 0.42
7.29 N/A N/A N/A N/A N/A B1GXH75 0.35 0.02 Henderson Far East I 3.14 GBP 140 99.9 440 S -1.6 -14.1 -17.7 221 0.7
7.33 3.3 0.7 15.8 9.0 22.9 Dec 19 0958057 0.14 0.01 Henderson High Incom 1.35 GBP 129 99.8 173 S -6.3 -29.6 -22.6 124 0.17
4.23 46.0 0.9 27.6 27.3 2.0 Aug 19 B3PHCS8 0.22 0.01 Henderson Internatio 1.42 GBP 193 98.6 270 S -2.7 -17.7 -15.7 212 0.31
3.21 -11.0 0.8 28.7 -45.3 -6.7 May 19 0906506 0.44 0.03 Henderson Smaller co 7.32 GBP 75 99.9 546 M -5.4 -33.0 -13.3 93 0.7
0.00 4.6 1.0 25.7 16.4 23.9 Dec 19 0422864 0.89 0.06 Herald Investment Tr 16.70 GBP 67 99.4 1,112 M 8.7 12.8 25.4 88 1.4
1.95 5.7 1.0 -ve 24.3 19.2 Dec 19 BJ0LT19 0.74 0.05 HG Capital Trust 2.47 GBP 407 92.2 927 M 4.7 -4.3 14.9 615 1.5
4.92 63.2 1.1 21.3 60.6 1.7 Mar 20 BJLP1Y7 2.51 0.17 HICL Infrastructure 1.68 GBP 1,864 99.9 3,125 M -2.9 -1.6 1.8 2,508 4.3
4.27 16.3 1.2 -1.3 11.0 10.8 Mar 20 BFYT9H7 0.58 0.04 Hipgnosis Songs Fund 1.17 GBP 616 99.9 720 M 0.9 6.4 - 1,316 1.6
2.91 6.7 0.7 -20.9 5.8 10.6 Jan 20 0329200 0.43 0.03 ICG Enterprise Trust 7.90 GBP 69 99.6 541 M 5.3 -20.0 -9.8 49 0.39
8.28 14.4 0.7 -12.7 10.3 5.1 Jan 20 B8C23S8 0.06 0.004 ICG-Longbow Snr Secu 0.73 GBP 121 90.3 79 S 1.4 -24.1 -26.4 124 0.09
1.80 5.6 1.2 +ve 15.3 25.2 Dec 19 3123249 0.62 0.04 Impax Environmental 3.34 GBP 232 99.9 776 M 5.7 0.3 5.4 302 1.0
1.84 9.6 0.8 9.6 9.3 8.1 Nov 19 0081168 0.11 0.007 Independent Inv Tst 4.34 GBP 55 55.9 133 S 9.6 -23.5 -17.0 38 0.16
3.39 -16.0 1.2 43.4 -13.9 -7.0 Aug 19 0455934 0.23 0.02 International Biotec 7.32 GBP 38 99.9 281 S -4.7 17.7 12.4 84 0.7
4.40 19.0 1.1 30.7 15.2 6.0 Dec 19 B188SR5 2.11 0.14 International Public 1.63 GBP 1,611 99.8 2,624 M -2.9 -2.2 1.7 1,680 2.8
2.53 -7.9 1.0 -7.9 -9.1 -11.3 Apr 20 0453530 0.15 0.01 INVESCO Asia Trust 2.77 GBP 67 99.9 185 S 1.3 -5.6 -5.6 32 0.09
5.15 -4.4 0.9 -4.4 -4.7 -18.3 Mar 20p 0358572 0.11 0.007 Invesco Income Grow 2.28 GBP 59 99.9 133 S -1.7 -22.4 -17.2 66 0.15
4.77 2.8 0.6 -28.7 2.7 26.0 Jan 20p B1FL3C7 0.11 0.007 Invesco Perpetual UK 3.90 GBP 34 99.7 132 S 1.6 -38.2 -23.7 46 0.18
5.57 -61.2 1.2 19.8 -ve -2.0 Mar 20 BJL5FH8 0.51 0.03 JLEN Environmental A 1.20 GBP 547 98 641 M 1.3 -2.0 1.7 521 0.6
1.34 5.2 0.9 65.6 5.0 19.6 Dec 19 BKZGVH6 0.80 0.05 JPMorgan American IT 4.84 GBP 207 99.8 999 M 0.8 0.2 -1.8 517 2.6
3.93 13.5 1.0 83.7 30.8 7.5 Sep 19 0132077 0.30 0.02 JPMorgan Asia Growth 3.97 GBP 94 99.9 373 S -0.5 0.8 2.6 200 0.8
2.06 10.1 1.4 -ve +ve 14.6 Sep 19 0343501 0.28 0.02 JPMorgan China Growt 4.80 GBP 73 99.9 349 S 6.7 33.3 62.4 292 1.5
5.28 3.5 0.7 22.8 16.7 22.4 Dec 19 0342218 0.26 0.02 Jpmorgan Claverhouse 5.54 GBP 58 99.9 322 S -2.5 -28.6 -22.6 44 0.25
1.37 8.2 0.9 +ve 62.7 12.1 Jun 19 0341895 1.00 0.07 JPMorgan Emerging Mk 10.40 GBP 120 99.9 1,247 M 4.6 -2.3 -2.1 175 1.8
1.86 -5.2 1.1 82.9 -12.4 -19.0 Mar 20 BMTS0Z3 0.46 0.03 JPMorgan Euro Small 3.60 GBP 159 99.8 573 S 6.8 -5.8 -3.7 130 0.47
5.73 -3.5 0.7 21.6 38.1 -18.3 Mar 20 B17XWW4 0.08 0.006 JPMorgan European In 1.17 GBP 89 99.9 104 S 0.0 -23.5 -25.2 147 0.17
3.37 -6.5 1.4 40.4 71.2 -18.3 Mar 20 B18JK16 0.16 0.01 JPMorgan European In 2.63 GBP 74 99.9 195 S -1.1 -10.1 -13.5 75 0.21
2–15
FTSE All-Share Review July 2020
2–16
July 2020 FTSE Russell
2–17
0.00 +ve 6.4 92.3 5.5 4.8 Dec 19 0911146 19.88 0.02 BATM Advanced Commun 1.23 GBP 440 77.2 419 S 23.5 230.6 184.7 1,499 1.9
1.53 27.4 5.6 18.2 4.4 21.5 Dec 19 0472609 80.12 0.09 Spirent Communicatio 2.80 GBP 612 98.5 1,687 M 16.2 11.3 77.2 913 2.4
1.23 32.6 5.8 21.7 4.5 18.6 2,106 17.6 28.1 89.9 - -
FTSE All-Share Index
4.82 14.5 1.4 5.9 0.9 9.4 1,868,634 -3.8 -21.8 -20.6 - -
2–17
FTSE All-Share Review July 2020
2–18
July 2020 FTSE Russell
3–1
FTSE All-Share Review July 2020
3–2
July 2020 FTSE Russell
3–3
2.99 19.7 2.3 3.5 1.5 10.7 Financial Services 7,214.66 1.7 -11.8 -3.0 24,638.24 1.7 -9.6 0.4 58,271 3.89 7 0.06
0.37 13.0 1.5 -ve 12.2 12.4 Equity Investment Instruments 11,994.33 6.0 50.1 54.4 34,869.22 6.0 50.5 55.2 12,612 0.84 1 0.05
2.04 26.8 5.1 20.4 5.2 19.8 Technology 2,431.42 7.1 -3.0 -6.9 4,229.38 7.3 -1.1 -4.0 13,739 0.92 3 0.06
2.04 26.8 5.1 20.4 5.2 19.8 Software & Computer Services 2,664.51 7.1 -3.0 -6.9 5,007.52 7.3 -1.1 -4.0 13,739 0.92 3 0.06
5.03 14.1 1.4 5.4 0.8 9.9 FTSE 100 Index 5,897.76 -4.4 -21.8 -22.3 5,559.66 -4.2 -20.4 -19.2 1,499,285 100.00 101 -
3–3
FTSE All-Share Review July 2020
-15 -10 -5 0 5 10 15
3–4
July 2020 FTSE Russell
3–5
Travel & Leisure -23.7
TELECOMMUNICATIONS -10.7
Fixed Line Telecommunications -34.4
Mobile Telecommunications -0.9
UTILITIES 37.0
Electricity 52.1
Gas Water & Multiutilities 33.3
FINANCIALS -10.8
Banks -31.1
Nonlife Insurance 10.3
Life Insurance -2.1
Real Estate Investment Trusts 24.7
Financial Services 24.8
Equity Investment Instruments 98.6
TECHNOLOGY 19.7
Software & Computer Services 19.7
-50 0 50 100
3–5
FTSE All-Share Review July 2020
1 Month 12 Months
Name Sector Price Chg% Name Sector Price Chg%
Fresnillo Mining 12.33 46.48 Fresnillo Mining 12.33 105.07
Polymetal Internatio Mining 18.95 17.30 Polymetal Internatio Mining 18.95 92.67
Next General Retailers 54.50 11.36 Flutter Entertainmen Travel & Leisure 114.70 78.32
Antofagasta Mining 10.28 9.59 Avast Software & Computer Services 5.75 70.78
Kingfisher General Retailers 2.42 9.56 Ocado Group Food & Drug Retailers 20.53 64.83
Informa Media 3.70 -21.36 Royal Dutch Shell A Oil & Gas Producers 11.22 -56.76
Burberry Group Personal Goods 12.53 -21.69 Informa Media 3.70 -57.68
ITV Media 0.57 -24.10 Royal Dutch Shell B Oil & Gas Producers 10.81 -58.47
Melrose Industries General Industrials 0.85 -25.21 International Consol Travel & Leisure 1.65 -61.18
International Consol Travel & Leisure 1.65 -25.86 Rolls-Royce Holdings Aerospace & Defense 2.32 -72.96
1 Month 12 Months
Name Sector Price Wgt % Cont% Name Sector Price Wgt % Cont%
Diageo Beverages 28.01 4.28 0.17 AstraZeneca Pharmaceuticals & Biotechnology 85.30 7.46 1.01
Unilever Personal Goods 45.73 3.32 0.15 Reckitt Benckiser Gr Household Goods & Home Constr. 77.06 3.24 0.44
Reckitt Benckiser Gr Household Goods & Home Constr. 77.06 3.24 0.11 LSE Group PLC Financial Services 84.84 1.78 0.30
AstraZeneca Pharmaceuticals & Biotechnology 85.30 7.46 0.09 Flutter Entertainmen Travel & Leisure 114.70 0.91 0.24
Flutter Entertainmen Travel & Leisure 114.70 0.91 0.07 Scottish Mortgage In Equity Investment Instruments 8.69 0.84 0.23
Royal Dutch Shell B Oil & Gas Producers 10.81 2.67 -0.34 Lloyds Banking Group Banks 0.26 1.23 -0.99
BP Oil & Gas Producers 2.75 3.64 -0.40 BP Oil & Gas Producers 2.75 3.64 -2.82
Royal Dutch Shell A Oil & Gas Producers 11.22 3.07 -0.43 Royal Dutch Shell B Oil & Gas Producers 10.81 2.67 -2.98
HSBC Hldgs Banks 3.42 4.65 -0.47 Royal Dutch Shell A Oil & Gas Producers 11.22 3.07 -3.27
British Amer Tobacco Tobacco 25.25 3.84 -0.84 HSBC Hldgs Banks 3.42 4.65 -3.34
70
7500
60
7000
50
6500
40
6000
30
5500
20
5000 10
4500 0
Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19
Capital Return Total Return vol 1m vol 3m
3–6
July 2020 FTSE Russell
3–7
0.74 35.4 7.3 33.8 6.2 22.0 Mar 20 0405207 100.00 0.55 Halma 21.78 GBP 380 99.6 8,244 L -5.4 2.9 9.4 667 15.0
0.74 35.4 7.3 33.8 6.2 22.0 8,244 -5.4 2.9 9.5 - -
Industrial Engineering
1.07 37.9 9.2 34.3 6.1 25.2 Dec 19 BWFGQN1 100.00 0.51 Spirax-Sarco Eng 103.10 GBP 74 99.6 7,573 L 3.3 16.0 14.6 90 9.2
1.07 37.9 9.2 34.3 6.1 25.2 7,573 3.4 16.0 14.6 - -
Support Services
1.67 13.7 3.7 11.1 2.2 27.8 Apr 20 0053673 14.38 0.73 Ashtead Group 24.35 GBP 449 99.4 10,879 L -10.4 0.9 7.1 890 23.4
2.13 21.2 2.7 11.5 0.4 12.6 Mar 20 0242493 8.89 0.45 DCC 68.32 GBP 98 100 6,723 L 1.5 4.4 -1.9 173 12.1
1.38 28.4 13.3 24.6 6.0 45.9 Mar 20 B19NLV4 32.02 1.62 Experian 26.77 GBP 908 99.6 24,226 L -5.0 4.9 7.1 1,170 32.9
0.00 15.7 4.3 15.2 0.9 29.2 Jul 19 BJVNSS4 20.16 1.02 Ferguson 67.92 GBP 225 99.9 15,256 L 2.7 -0.8 10.2 300 20.4
1.97 24.3 9.1 15.4 2.9 39.1 Dec 19 3163836 11.46 0.58 Intertek Group 53.78 GBP 161 99.8 8,670 L -1.1 -8.1 -5.8 200 11.0
0.87 26.2 9.9 20.1 3.6 41.2 Dec 19 B082RF1 13.09 0.66 Rentokil Initial 5.34 GBP 1,854 99.9 9,904 L 4.8 17.9 22.8 2,742 14.7
1.21 20.6 5.9 16.4 1.6 29.6 75,658 -2.2 2.6 5.9 - -
Beverages
2.80 17.1 3.2 9.7 1.2 16.8 Dec 19 B9895B7 5.73 0.26 Coca-Cola HBC AG 20.03 GBP 364 53.4 3,901 L -1.2 -21.9 -29.4 540 11.0
2.49 20.3 7.8 20.2 5.1 35.2 Jun 19 0237400 94.27 4.28 Diageo 28.01 GBP 2,337 98 64,206 L 4.5 -12.5 -18.7 2,393 66.7
2.51 20.1 7.2 19.0 4.3 32.8 68,107 4.1 -13.1 -19.4 - -
Food Producers
2.63 14.8 1.5 9.1 0.9 10.1 Sep 19 0673123 100.00 0.41 Assoc British Foods 17.65 GBP 792 43.8 6,130 L -7.8 -32.1 -27.1 803 15.5
2.63 14.8 1.5 9.1 0.9 10.1 6,130 -7.8 -32.1 -27.1 - -
Household Goods & Home Constr.
5.70 7.0 1.1 12.2 1.1 15.7 Jun 19 0081180 7.29 0.34 Barratt Developments 5.11 GBP 1,018 99.3 5,163 L 3.0 -31.6 -18.5 2,723 14.3
3–7
FTSE All-Share Review July 2020
3–8
July 2020 FTSE Russell
3–9
0.37 13.0 1.5 -ve 12.2 12.4 Mar 20 BLDYK61 100.00 0.84 Scottish Mortgage In 8.69 GBP 1,452 99.9 12,612 L 6.0 50.1 54.4 4,330 38.7
0.37 13.0 1.5 -ve 12.2 12.4 12,612 6.0 50.1 54.4 - -
Software & Computer Services
2.08 22.1 7.0 21.3 8.6 34.3 Dec 19 BDD85M8 22.96 0.21 Avast 5.75 GBP 1,022 53.6 3,154 L 8.7 26.9 70.8 1,812 10.2
1.07 41.5 3.4 56.2 8.0 8.4 Mar 20 BBG9VN7 19.17 0.18 Aveva Group 41.46 GBP 162 39.3 2,634 L 1.3 -11.0 3.9 139 5.7
2.34 26.0 5.3 16.6 4.1 21.6 Sep 19 B8C3BL0 57.87 0.53 Sage Group 7.29 GBP 1,091 99.9 7,951 L 8.6 -2.6 1.3 2,534 17.7
2.04 26.8 5.1 20.4 5.2 19.8 13,739 7.1 -3.0 -6.9 - -
FTSE 100 Index
5.03 14.1 1.4 5.4 0.8 9.9 1,499,285 -4.4 -21.8 -22.3 - -
3–9
FTSE All-Share Review July 2020
3–10
July 2020 FTSE Russell
4–1
FTSE All-Share Review July 2020
4–2
July 2020 FTSE Russell
4–3
3.77 -ve 0.8 26.0 14.6 -0.5 Real Estate Investment Trusts 4,496.51 0.5 -26.2 -9.2 13,963.62 0.8 -24.9 -6.4 25,142 8.16 18 0.04
4.08 14.2 1.7 22.4 1.5 12.3 Financial Services 23,966.92 -3.0 -24.2 -17.5 93,274.25 -3.0 -22.6 -14.4 23,730 7.70 19 -0.24
2.72 11.4 1.0 60.1 14.2 9.0 Equity Investment Instruments 9,616.21 -0.6 -8.1 -4.2 22,356.22 -0.4 -6.6 -1.6 80,827 26.23 67 -0.15
6.19 9.0 1.3 11.1 1.0 13.0 Technology 7,354.00 6.1 -11.7 3.3 11,646.19 6.1 -11.1 5.0 6,972 2.26 6 0.13
7.68 7.4 1.0 9.8 0.8 12.6 Software & Computer Services 8,862.01 3.2 -16.3 -6.7 14,539.99 3.2 -15.8 -5.3 5,285 1.71 5 0.05
1.53 27.4 5.6 18.2 4.4 21.5 Technology Hardware & Equip. 1,526.13 16.2 11.3 77.2 2,255.15 16.2 12.7 81.1 1,687 0.55 1 0.08
3.83 14.4 1.3 9.6 1.0 9.2 FTSE 250 Index 16,932.65 -1.1 -22.6 -13.9 13,312.24 -1.0 -21.9 -12.0 308,194 100.00 251 -
4–3
FTSE All-Share Review July 2020
4–4
July 2020 FTSE Russell
4–5
TELECOMMUNICATIONS 0.0
Fixed Line Telecommunications -2.5
Mobile Telecommunications 0.0
UTILITIES 133.4
Electricity 13.7
Gas Water & Multiutilities 80.4
FINANCIALS 4.8
Banks -26.9
Nonlife Insurance -1.5
Life Insurance 0.0
Real Estate Investment & Services 10.2
Real Estate Investment Trusts 5.4
Financial Services -4.2
Equity Investment Instruments 11.3
TECHNOLOGY 20.0
Software & Computer Services 8.3
Technology Hardware & Equip. 105.8
4–5
FTSE All-Share Review July 2020
1 Month 12 Months
Name Sector Price Chg% Name Sector Price Chg%
Kainos Group Software & Computer Services 11.00 46.86 Petropavlovsk Mining 0.36 265.29
Petropavlovsk Mining 0.36 44.22 Avon Rubber Aerospace & Defense 33.20 147.76
Hochschild Mining Mining 2.69 38.31 AO World General Retailers 1.67 129.00
Pets At Home Group General Retailers 3.11 30.29 Plus500 Financial Services 11.97 99.62
Centrica Gas Water & Multiutilities 0.49 26.54 Kainos Group Software & Computer Services 11.00 95.73
Bank of Georgia Grou Banks 7.77 -27.38 Go-Ahead Group Travel & Leisure 6.20 -70.95
Easyjet Travel & Leisure 4.93 -27.47 Carnival Travel & Leisure 8.27 -77.68
FirstGroup Travel & Leisure 0.35 -29.89 Micro Focus Internat Software & Computer Services 2.77 -84.06
Micro Focus Internat Software & Computer Services 2.77 -35.86 Cineworld Group Travel & Leisure 0.38 -85.03
Cineworld Group Travel & Leisure 0.38 -36.90 Finablr Support Services 0.11 -93.28
1 Month 12 Months
Name Sector Price Wgt % Cont% Name Sector Price Wgt % Cont%
Centrica Gas Water & Multiutilities 0.49 0.92 0.19 Kingfisher General Retailers Del Del 0.49
B&M European Value R General Retailers 4.63 1.28 0.18 Games Workshop Group Leisure Goods 87.80 0.93 0.38
G4S Support Services 1.42 0.71 0.14 Pennon Group Gas Water & Multiutilities Del Del 0.37
Direct Line Insuranc Nonlife Insurance 2.96 1.31 0.11 GVC Holdings Travel & Leisure Del Del 0.27
Weir Group Industrial Engineering 11.97 1.00 0.11 B&M European Value R General Retailers 4.63 1.28 0.26
Howden Joinery Group General Retailers 4.90 0.91 -0.11 Cineworld Group Travel & Leisure 0.38 0.12 -0.61
TUI AG Travel & Leisure 2.88 0.41 -0.13 Wood Group (John) Oil Equipment Services & Distrib. 1.91 0.41 -0.63
Greggs Food & Drug Retailers 11.95 0.39 -0.14 SSP Group Travel & Leisure 2.06 0.35 -0.64
Easyjet Travel & Leisure 4.93 0.40 -0.15 Tullow Oil Oil & Gas Producers Del Del -0.71
Micro Focus Internat Software & Computer Services 2.77 0.30 -0.16 Micro Focus Internat Software & Computer Services 2.77 0.30 -0.82
70
20000
60
18000
50
16000 40
30
14000
20
12000
10
10000 0
Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19
Capital Return Total Return vol 1m vol 3m
4–6
July 2020 FTSE Russell
4–7
5.07 7.6 2.3 5.0 0.6 32.3 Dec 19 0602729 9.39 0.20 Morgan Advanced Mate 2.17 GBP 285 98.9 613 M -10.0 -31.5 -13.7 270 0.6
0.79 18.2 3.1 14.0 2.4 18.7 Mar 20 0665045 10.94 0.23 Oxford Instruments 13.46 GBP 57 92.3 714 M -5.9 -12.6 3.2 33 0.44
0.95 32.3 6.0 32.5 6.1 19.2 Jun 19 0732358 25.33 0.54 Renishaw 48.36 GBP 73 46.9 1,651 M 20.2 28.3 25.5 75 3.4
2.43 9.1 2.3 12.9 1.8 25.8 Dec 19 0330860 45.61 0.96 Spectris 25.69 GBP 116 99.7 2,974 M 1.7 -11.6 0.9 211 5.4
1.44 27.4 5.4 17.6 3.8 20.1 Dec 19 B1RMWL0 8.73 0.18 XP Power 38.10 GBP 19 76.8 569 M 7.3 22.9 86.8 10 0.36
2.04 12.5 3.0 13.4 1.9 24.7 6,521 4.1 -5.4 6.2 - -
Industrial Engineering
1.07 10.8 1.5 6.2 1.5 14.0 Dec 19 B3FLWH9 8.85 0.34 Bodycote 5.63 GBP 191 97.8 1,054 M -10.3 -40.9 -23.6 233 1.4
2.68 17.2 3.1 15.7 1.4 18.6 Dec 19 0427030 8.05 0.31 Hill & Smith Hldgs 12.10 GBP 79 99.7 959 M -2.7 -17.9 7.2 40 0.5
3.92 14.9 4.0 9.5 1.5 27.7 Dec 19 BGLP8L2 23.49 0.91 IMI 10.44 GBP 272 98.4 2,798 M 13.2 -11.5 -0.1 574 5.8
7.26 8.0 1.6 3.5 0.5 20.4 Dec 19 BYZ2JR8 5.95 0.23 RHI Magnesita 24.24 GBP 49 59.5 708 M -1.4 -37.0 -45.9 57 1.4
2.15 21.1 4.5 15.9 3.6 22.0 Dec 19 BVFNZH2 20.40 0.79 Rotork 2.80 GBP 873 99.5 2,430 M -0.1 -16.5 -9.4 1,440 4.1
4.90 12.3 1.0 6.0 0.6 8.3 Dec 19 B82YXW8 7.28 0.28 Vesuvius 4.08 GBP 271 78.3 867 M 5.3 -18.4 -18.6 286 1.1
3.92 -11.1 2.1 14.0 1.2 -15.3 Dec 19 0946580 25.99 1.00 Weir Group 11.97 GBP 260 99.6 3,097 M 12.5 -20.7 -20.1 823 9.4
3.48 35.3 2.4 9.6 1.3 6.3 11,913 4.9 -21.4 -14.6 - -
Industrial Transportation
3.70 -54.8 1.7 9.4 1.7 -2.8 Dec 19 0201836 11.63 0.17 Clarkson 20.55 GBP 30 81.5 509 M -8.5 -32.1 -20.2 26 0.5
2.85 13.2 1.8 10.5 0.9 14.2 Dec 19 0339500 10.70 0.15 Fisher (James) & Son 11.44 GBP 50 81.3 468 M -16.1 -43.5 -47.3 22 0.29
N/A 5.7 0.3 1.8 0.1 5.5 Mar 20 BDVZYZ7 33.65 0.48 Royal Mail 1.61 GBP 1,000 91.5 1,473 M -11.7 -28.9 -23.3 3,952 6.8
5.90 44.8 1.6 7.6 1.1 3.2 Dec 19 BKDM7X4 44.03 0.63 Signature Aviation 2.35 GBP 829 98.9 1,928 M 1.3 -25.9 -26.6 1,355 3.2
4–7
FTSE All-Share Review July 2020
4–8
July 2020 FTSE Russell
4–9
9.97 22.5 3.5 5.9 0.7 15.9 Dec 19 3169889 6.58 0.35 William Hill 1.04 GBP 1,049 99.6 1,091 M -8.3 -44.6 -31.6 5,178 5.9
0.00 10.9 2.5 4.3 1.1 21.0 Mar 20 BN574F9 13.24 0.71 Wizz Air Holdings 32.16 GBP 85 79.8 2,194 M -3.6 -17.4 -9.0 233 7.8
6.48 8.9 1.0 2.8 0.3 11.3 16,577 -12.4 -50.0 -41.7 - -
Fixed Line Telecommunications
3.60 3.4 2.0 79.7 0.5 66.9 Mar 20 B4YCDF5 37.69 0.15 TalkTalk Telecom Gro 0.70 GBP 1,146 58.3 465 M -18.9 -40.1 -34.0 2,805 2.2
4.25 21.4 4.7 28.7 1.2 22.0 Mar 20 0879471 62.31 0.25 Telecom Plus 13.40 GBP 79 72.9 769 M -5.9 -10.8 0.6 95 1.3
4.01 7.2 3.1 37.8 0.8 46.8 1,234 -11.2 -24.7 -16.0 - -
Mobile Telecommunications
8.82 5.7 0.7 2.3 0.7 15.0 Mar 20 BKDRYJ4 40.96 0.18 Airtel Africa 0.54 GBP 3,758 27.2 551 M -13.9 -32.7 -21.9 808 0.49
0.00 -15.7 11.8 52.1 5.1 -86.9 Dec 19 BJVQC70 59.04 0.26 Helios Towers 1.56 GBP 1,000 50.9 795 M 5.0 -1.3 - 404 0.6
3.61 28.8 1.7 5.4 1.5 6.6 1,346 -3.7 -19.1 -13.9 - -
Electricity
5.90 45.9 4.8 4.1 1.3 8.9 Dec 19 BF448H5 24.69 0.12 ContourGlobal 2.07 GBP 668 26.3 364 M 8.9 -1.4 18.3 115 0.23
5.68 26.1 0.6 2.8 0.2 2.4 Dec 19 B1VNSX3 75.31 0.36 Drax Group 2.80 GBP 397 99.9 1,110 M 8.9 -10.8 -7.4 840 2.2
5.73 29.2 0.8 3.0 0.3 2.8 1,475 8.9 -8.6 -2.1 - -
Gas Water & Multiutilities
N/A -3.8 2.3 2.8 0.1 -34.7 Dec 19 B033F22 100.00 0.92 Centrica 0.49 GBP 5,838 99.8 2,844 M 26.5 -45.4 -35.9 31,709 14.1
20.30 -3.8 2.3 2.8 0.1 -34.7 2,844 26.5 - - - -
Banks
0.00 2.8 0.7 1.3 0.7 25.3 Dec 19 BF4HYT8 6.82 0.10 Bank of Georgia Grou 7.77 GBP 49 76.7 293 M -27.4 -52.2 -44.7 85 0.8
6.02 7.3 1.2 9.3 1.6 16.5 Jul 19 0766807 38.32 0.53 Close Brothers Group 10.96 GBP 151 99.4 1,649 M -0.8 -31.4 -17.7 215 2.4
N/A 1.4 0.4 0.6 0.4 26.7 Mar 20 B17BBQ5 23.20 0.32 Investec 1.51 GBP 696 95.2 998 M -6.8 -47.8 -50.8 1,767 2.9
4–9
FTSE All-Share Review July 2020
4–10
July 2020 FTSE Russell
4–11
4.91 4.8 0.8 19.5 7.5 18.0 Dec 19 3142921 0.76 0.20 Law Debenture Corp 5.28 GBP 118 98.7 618 M 2.1 -18.8 -11.7 127 0.7
3.61 3.0 0.7 31.5 8.6 24.6 Jan 20 BF4JDH5 1.79 0.47 Mercantile Investmen 1.83 GBP 792 99.9 1,446 M -3.5 -30.2 -10.2 940 1.8
0.40 41.9 1.2 +ve 28.6 3.0 Apr 20 3051726 3.00 0.79 Monks Investment Tru 10.92 GBP 224 99.2 2,424 M 3.4 13.9 13.4 305 3.4
5.69 7.5 0.8 21.2 6.8 11.7 Dec 19 0611190 1.45 0.38 Murray International 9.40 GBP 129 96.6 1,176 M -5.4 -25.4 -20.9 156 1.5
6.41 -21.2 1.1 -11.2 -43.1 -4.8 Mar 20 BJ0JVY0 0.77 0.20 NextEnergy Solar Fun 1.07 GBP 584 100 626 M 0.2 -13.5 -8.4 456 0.49
0.00 11.0 1.4 -ve 9.8 13.7 May 19 0414850 1.35 0.36 Pantheon Internation 20.35 GBP 54 99.4 1,094 M 4.7 -21.0 -11.5 43 0.9
6.67 -2.1 0.9 3.0 -2.2 -31.6 Mar 20 0679842 0.60 0.16 Perpetual Income&Gro 2.25 GBP 215 99.9 483 M -0.2 -32.8 -28.2 414 0.9
1.70 2.4 0.9 5.7 58.9 45.0 Dec 19 BS7JCJ8 4.74 1.24 Pershing Square Hold 18.74 GBP 205 99.8 3,831 M -0.8 28.9 27.0 115 2.2
1.25 18.7 1.1 +ve 16.1 6.1 Apr 20p 0682754 1.41 0.37 Personal Assets Trus 447.00 GBP 3 93.4 1,141 M 0.9 5.1 4.7 5 2.2
0.00 7.3 1.1 -40.2 6.6 17.0 Apr 20 0422002 3.25 0.85 Polar Capital Techno 19.50 GBP 135 99.7 2,623 M -4.2 23.0 30.7 279 5.8
6.40 16.0 0.8 10.0 5.9 4.8 Dec 19 BLP57Y9 0.69 0.18 Pollen Street Secure 7.50 GBP 74 99.9 555 M 2.7 -9.6 -11.6 26 0.20
5.02 13.4 1.2 25.0 14.5 10.2 Dec 19 BBHX2H9 2.69 0.71 Renewables Infrastru 1.33 GBP 1,637 100 2,178 M 5.2 -3.9 4.7 2,473 3.2
2.00 7.9 0.9 20.0 6.9 11.5 Dec 19 0736639 2.73 0.71 RIT Capital Partners 17.24 GBP 157 81.4 2,203 M -3.5 -18.5 -19.4 182 3.3
2.11 57.1 0.9 57.1 33.4 1.6 Sep 19 0791887 0.95 0.25 Schroder Asia Pacifi 4.59 GBP 167 99.8 768 M -1.9 -2.7 -1.5 198 1.0
4.67 25.3 0.9 +ve 18.4 3.6 Aug 19 B0CRWN5 0.74 0.19 Schroder Oriental In 2.21 GBP 271 99.9 597 M -1.8 -14.5 -19.1 369 0.8
2.90 5.7 1.0 54.7 17.9 19.8 Dec 19 0787369 0.76 0.20 Scottish American In 4.12 GBP 150 99.8 616 M 0.0 -3.3 -3.1 238 1.0
3.24 67.1 0.8 30.2 8.5 1.2 Oct 19 0782609 0.66 0.17 Scottish Invest Tr 7.29 GBP 74 99.8 537 M -2.8 -11.6 -12.6 61 0.45
5.60 -26.6 1.1 -3.6 15.0 -4.8 Mar 20 BV54HY6 2.15 0.56 Sequoia Economic Inf 1.05 GBP 1,655 99.9 1,737 M 1.0 -9.7 -7.1 1,400 1.5
0.00 7.5 1.2 -ve +ve 21.4 Dec 19 BGJWTR8 2.13 0.56 Smithson Investment 14.82 GBP 121 96.2 1,722 M 0.8 14.2 16.5 286 4.3
0.97 -8.1 1.3 +ve -9.4 -14.5 Mar 20 B8P59C0 1.38 0.36 Syncona 2.38 GBP 664 70.4 1,112 M -3.4 8.7 -6.3 495 1.3
7.32 2.1 0.5 12.4 11.8 24.5 Dec 19 0882532 0.58 0.15 Temple Bar Inv Tst 7.02 GBP 67 99.8 469 M -8.7 -52.4 -43.8 162 1.2
2.38 -8.5 1.1 46.1 8.6 -11.6 Mar 20 0882929 2.38 0.63 Templeton Emerging M 7.97 GBP 242 99.9 1,927 M 2.7 -5.1 -2.6 317 2.6
4.09 -7.3 1.0 -ve -8.4 -12.0 Mar 20 0906409 1.34 0.35 TR Property Investme 3.42 GBP 317 99.9 1,085 M 2.5 -29.8 -18.6 544 1.8
4–11
FTSE All-Share Review July 2020
4–12
July 2020 FTSE Russell
4–13
4–13
FTSE All-Share Review July 2020
ftserussell.com
4–14
July 2020 FTSE Russell
5–1
FTSE All-Share Review July 2020
5–2
July 2020 FTSE Russell
5–3
6.06 10.2 1.3 0.8 0.2 12.6 Life Insurance 5,906.23 -5.9 -26.9 -24.1 2,839.14 -5.9 -24.8 -20.5 60,702 3.36 6 -0.20
2.32 12.0 1.2 11.3 1.8 11.1 Real Estate Investment & Services 2,297.92 -3.3 -23.9 -5.1 6,368.79 -2.9 -23.4 -3.5 4,456 0.25 5 -0.01
3.94 -40.0 0.8 22.8 12.7 -2.1 Real Estate Investment Trusts 2,567.91 2.3 -23.8 -6.7 2,447.84 2.5 -22.6 -3.9 44,146 2.44 21 0.05
3.30 17.7 2.1 4.6 1.5 11.2 Financial Services 10,849.48 0.3 -15.8 -7.8 5,634.93 0.3 -13.8 -4.4 82,001 4.54 26 0.01
2.41 11.6 1.0 71.5 13.9 9.3 Equity Investment Instruments 10,657.12 0.3 -2.8 1.1 5,242.33 0.4 -1.3 3.7 93,438 5.17 68 0.01
3.44 16.1 2.5 15.9 2.1 15.1 Technology 1,767.44 6.8 -7.5 -5.0 2,495.30 6.9 -6.3 -2.7 20,711 1.15 9 0.07
3.60 15.5 2.4 15.7 2.1 14.8 Software & Computer Services 2,005.34 6.0 -8.9 -8.6 3,009.36 6.1 -7.7 -6.4 19,023 1.05 8 0.06
1.53 27.4 5.6 18.2 4.4 21.5 Technology Hardware & Equip. 2,208.42 16.2 11.3 77.2 2,742.70 16.2 12.7 81.1 1,687 0.09 1 0.01
4.82 14.2 1.4 5.8 0.9 9.8 FTSE 350 Index 3,316.88 -3.9 -22.0 -20.9 6,235.79 -3.7 -20.6 -18.1 1,807,479 100.00 352 -
5–3
FTSE All-Share Review July 2020
5–4
July 2020 FTSE Russell
5–5
TELECOMMUNICATIONS -11.3
Fixed Line Telecommunications -32.1
Mobile Telecommunications -2.1
UTILITIES 38.5
Electricity 46.5
Gas Water & Multiutilities 36.2
FINANCIALS -4.8
Banks -32.0
Nonlife Insurance 4.6
Life Insurance -4.1
Real Estate Investment & Services 20.0
Real Estate Investment Trusts 18.0
Financial Services 16.7
Equity Investment Instruments 27.9
TECHNOLOGY 20.1
Software & Computer Services 15.6
Technology Hardware & Equip. 124.1
-100 -50 0 50 100 150
5–5
FTSE All-Share Review July 2020
1 Month 12 Months
Name Sector Price Chg% Name Sector Price Chg%
Kainos Group Software & Computer Services 11.00 46.86 Petropavlovsk Mining 0.36 265.29
Fresnillo Mining 12.33 46.48 Avon Rubber Aerospace & Defense 33.20 147.76
Petropavlovsk Mining 0.36 44.22 AO World General Retailers 1.67 129.00
Hochschild Mining Mining 2.69 38.31 Fresnillo Mining 12.33 105.07
Pets At Home Group General Retailers 3.11 30.29 Plus500 Financial Services 11.97 99.62
Bank of Georgia Grou Banks 7.77 -27.38 Rolls-Royce Holdings Aerospace & Defense 2.32 -72.96
Easyjet Travel & Leisure 4.93 -27.47 Carnival Travel & Leisure 8.27 -77.68
FirstGroup Travel & Leisure 0.35 -29.89 Micro Focus Internat Software & Computer Services 2.77 -84.06
Micro Focus Internat Software & Computer Services 2.77 -35.86 Cineworld Group Travel & Leisure 0.38 -85.03
Cineworld Group Travel & Leisure 0.38 -36.90 Finablr Support Services 0.11 -93.28
1 Month 12 Months
Name Sector Price Wgt % Cont% Name Sector Price Wgt % Cont%
Diageo Beverages 28.01 3.55 0.15 AstraZeneca Pharmaceuticals & Biotechnology 85.30 6.19 0.85
Unilever Personal Goods 45.73 2.76 0.13 Reckitt Benckiser Gr Household Goods & Home Constr. 77.06 2.69 0.37
Reckitt Benckiser Gr Household Goods & Home Constr. 77.06 2.69 0.09 LSE Group PLC Financial Services 84.84 1.48 0.26
AstraZeneca Pharmaceuticals & Biotechnology 85.30 6.19 0.08 Flutter Entertainmen Travel & Leisure 114.70 0.76 0.21
Flutter Entertainmen Travel & Leisure 114.70 0.76 0.06 Scottish Mortgage In Equity Investment Instruments 8.69 0.70 0.20
Royal Dutch Shell B Oil & Gas Producers 10.81 2.22 -0.28 Lloyds Banking Group Banks 0.26 1.02 -0.83
BP Oil & Gas Producers 2.75 3.02 -0.34 BP Oil & Gas Producers 2.75 3.02 -2.38
Royal Dutch Shell A Oil & Gas Producers 11.22 2.54 -0.36 Royal Dutch Shell B Oil & Gas Producers 10.81 2.22 -2.51
HSBC Hldgs Banks 3.42 3.85 -0.39 Royal Dutch Shell A Oil & Gas Producers 11.22 2.54 -2.76
British Amer Tobacco Tobacco 25.25 3.19 -0.70 HSBC Hldgs Banks 3.42 3.85 -2.81
70
7000
60
50
6000
40
5000 30
20
4000
10
3000 0
Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19
Capital Return Total Return vol 1m vol 3m
5–6
July 2020 FTSE Russell
5–7
6.10 9.0 1.4 8.5 1.6 15.9 Dec 19 BYXJC27 2.34 0.03 Ibstock 1.59 GBP 409 94.5 615 M -11.6 -49.6 -29.5 1,664 2.9
2.14 19.6 4.0 13.5 2.2 21.6 Dec 19 B012BV2 4.48 0.07 Marshalls 5.95 GBP 200 99 1,178 M -3.5 -30.9 -6.5 188 1.2
5.27 6.5 1.2 9.1 0.2 19.6 Dec 19 0808561 1.57 0.02 Morgan Sindall Group 10.44 GBP 45 87 414 M -15.3 -35.6 -7.1 48 0.6
2.94 14.3 2.3 11.7 1.8 16.5 Dec 19 BKRC5K3 2.91 0.04 Polypipe Group 4.05 GBP 201 94 765 M -6.4 -25.0 -0.8 342 1.5
2.73 12.1 1.5 7.1 0.8 12.5 26,310 -1.0 -14.2 0.5 - -
Aerospace & Defense
0.63 47.5 11.9 65.2 5.7 25.4 Sep 19 0066701 3.32 0.05 Avon Rubber 33.20 GBP 31 91 938 M 3.8 58.9 147.8 54 1.9
N/A -14.8 0.6 3.8 0.3 -3.7 Mar 20 0969703 5.13 0.08 Babcock Internationa 2.88 GBP 506 99.3 1,449 M -7.0 -54.2 -39.5 1,583 4.7
4.61 10.0 2.9 10.3 0.9 28.9 Dec 19 0263494 55.76 0.87 BAE Systems 4.90 GBP 3,215 99.8 15,741 L 1.4 -13.2 -10.6 6,394 31.1
1.51 19.0 2.2 11.8 2.0 11.8 Oct 19 B45C9X4 2.37 0.04 Chemring Group 2.39 GBP 282 99.4 670 M -1.2 -0.6 31.6 203 0.50
2.06 5.8 0.9 5.7 0.9 14.7 Dec 19 0575809 7.41 0.12 Meggitt 2.69 GBP 781 99.6 2,091 M -8.7 -59.1 -54.9 3,052 9.3
2.19 14.7 2.0 11.1 1.6 14.2 Mar 20 B0WMWD0 6.01 0.09 Qinetiq Group 3.06 GBP 568 97.6 1,696 M 2.8 -14.5 5.7 1,024 3.1
0.00 -4.5 -1.3 2.1 0.3 N/A Dec 19 B63H849 14.13 0.22 Rolls-Royce Holdings 2.32 GBP 1,931 89.1 3,987 L -18.9 -66.1 -73.0 11,555 31.1
2.18 16.4 3.9 17.7 2.0 24.2 Dec 19 0912332 5.86 0.09 Ultra Electronics Ho 23.82 GBP 71 97.8 1,655 M 19.2 12.7 21.3 214 4.5
3.58 23.0 3.1 6.3 0.7 12.0 28,227 -2.3 -35.3 -36.5 - -
General Industrials
2.30 16.0 4.2 12.4 0.8 27.0 Dec 19 B0744B3 27.32 0.41 Bunzl 21.98 GBP 337 99.8 7,392 L 1.5 6.4 2.2 613 13.6
2.32 10.1 3.4 7.3 0.8 35.7 Dec 19 B4YZN32 3.00 0.04 Coats Group 0.57 GBP 1,446 99 812 M 1.3 -24.0 -28.9 1,203 0.6
5.57 8.1 0.6 5.0 0.4 6.5 Dec 19 BZ1G432 15.15 0.23 Melrose Industries 0.85 GBP 4,858 98.9 4,098 L -25.2 -64.5 -54.4 14,234 15.3
6.20 5.3 1.1 5.6 0.6 20.9 Apr 20 0822011 12.30 0.18 Smith (DS) 2.61 GBP 1,372 92.8 3,328 L -20.4 -32.0 -26.8 8,239 23.2
3.39 17.3 2.3 16.8 2.1 13.4 Jul 19 B1WY233 19.83 0.30 Smiths Group 13.55 GBP 396 99.9 5,366 L -4.0 -19.7 -17.5 664 9.5
5–7
FTSE All-Share Review July 2020
5–8
July 2020 FTSE Russell
5–9
2.07 29.6 2.8 12.8 2.5 9.2 19,317 1.2 -22.1 -21.9 - -
Pharmaceuticals & Biotechnology
2.56 43.9 11.3 46.3 5.9 25.9 Dec 19 0989529 56.86 6.19 AstraZeneca 85.30 GBP 1,312 99.9 111,911 L 1.3 12.1 20.8 1,809 159.2
1.13 28.9 5.8 35.9 6.1 20.1 Jun 19 0963318 1.45 0.16 Dechra Pharmaceutica 28.56 GBP 103 96.8 2,846 M 0.4 -1.5 -3.1 214 6.3
0.83 +ve 4.4 61.3 4.5 4.7 Jun 19 0207458 1.12 0.12 Genus 34.00 GBP 65 99.8 2,210 M -3.7 7.1 28.8 72 2.5
5.23 13.4 6.7 10.6 2.3 72.9 Dec 19 0925288 38.29 4.17 GlaxoSmithKline 15.30 GBP 5,017 98.1 75,357 L -6.5 -14.0 -10.1 6,088 97.6
1.72 11.9 3.1 14.6 2.9 28.4 Dec 19 B0LCW08 1.83 0.20 Hikma Pharmaceutical 21.50 GBP 230 73 3,609 L -3.2 8.0 16.8 816 17.8
0.00 -39.2 8.3 -ve 9.8 -29.1 Dec 19 BDFBVT4 0.24 0.03 Oxford Biomedica 8.17 GBP 77 74.4 468 M 16.5 26.7 18.4 153 1.2
0.00 2.4 1.5 -10.1 +ve 91.5 Dec 19 BY2Z0H7 0.21 0.02 PureTech Health 2.72 GBP 285 54.1 420 M 2.4 -15.0 0.4 259 0.7
3.51 22.4 8.3 20.0 3.6 44.3 196,822 -2.0 0.1 6.3 - -
Food & Drug Retailers
3.09 13.3 3.5 5.5 1.0 26.9 Dec 19 B63QSB3 3.06 0.07 Greggs 11.95 GBP 101 98.1 1,187 M -26.2 -48.0 -45.6 479 6.9
3.62 10.2 1.0 5.4 0.3 9.6 Feb 20 0604316 10.69 0.23 Morrison (Wm) 1.87 GBP 2,405 92.1 4,141 L -1.9 -6.5 -3.0 6,090 11.3
0.00 -82.7 13.8 +ve 8.2 -21.7 Dec 19 B3MBS74 24.17 0.52 Ocado Group 20.53 GBP 703 64.8 9,361 L 1.2 60.5 64.8 1,095 22.6
5.98 16.1 0.6 2.7 0.1 3.4 Mar 20 B019KW7 7.88 0.17 Sainsbury (J) 1.87 GBP 2,219 73.5 3,053 L -10.3 -18.6 -4.8 9,577 18.5
4.21 15.9 1.6 +ve 0.3 9.5 Feb 20 0884709 54.19 1.16 Tesco 2.17 GBP 9,793 98.6 20,983 L -4.8 -14.9 -2.8 23,832 51.8
3.24 20.5 1.6 17.3 0.4 7.7 38,725 -4.5 -5.5 4.8 - -
General Retailers
0.00 +ve 9.9 88.9 0.8 4.6 Mar 20 BJTNFH4 1.13 0.03 AO World 1.67 GBP 478 59.7 478 M 16.3 85.4 129.0 818 1.3
1.64 40.1 5.3 10.1 1.2 12.0 Mar 20 BMTRW10 9.29 0.22 B&M European Value R 4.63 GBP 1,001 85 3,938 M 16.5 19.7 32.5 3,741 16.5
9.17 -9.1 0.4 1.8 0.1 -3.8 May 20 B4Y7R14 1.74 0.04 Dixons Carphone 0.74 GBP 1,162 86.3 739 M -18.1 -49.0 -38.4 2,272 1.9
1.67 23.0 13.4 14.4 2.3 67.4 Jun 19 B1CKQ73 2.84 0.07 Dunelm Group 12.30 GBP 202 48.3 1,203 M 3.4 6.4 38.1 249 3.0
0.00 11.6 1.0 5.0 0.4 9.2 Apr 19 B1QH8P2 1.11 0.03 Frasers Group 2.52 GBP 519 35.8 469 M -17.6 -45.1 11.0 197 0.6
5–9
FTSE All-Share Review July 2020
5–10
July 2020 FTSE Russell
5–11
4.09 33.4 5.3 13.8 0.3 15.4 Dec 19 0766937 8.21 0.28 St. James's Place 9.42 GBP 537 98.5 4,981 L -1.1 -19.1 -4.2 1,148 11.0
6.06 10.2 1.3 0.8 0.2 12.6 60,702 -5.9 -26.9 -24.1 - -
Real Estate Investment & Services
3.79 5.9 0.7 17.9 5.4 11.7 Dec 19 BF04459 6.83 0.02 CLS Holdings 1.95 GBP 407 38.2 304 M 5.5 -35.3 -14.2 132 0.26
1.82 16.8 1.6 10.6 8.5 11.4 Sep 19 B04V127 43.06 0.11 Grainger 2.90 GBP 674 98.1 1,919 M 1.5 -7.3 27.6 977 2.9
2.11 11.5 2.1 10.1 0.6 18.5 Dec 19 B135BJ4 22.18 0.05 Savills 7.48 GBP 143 92.3 988 M -9.3 -34.1 -21.4 241 1.9
4.25 8.8 1.1 14.3 5.8 13.0 Mar 20 B1W3VF5 15.73 0.04 Sirius Real Estate 0.74 GBP 1,038 91.8 701 M -3.5 -16.9 10.4 1,042 0.8
1.17 13.3 0.6 10.7 1.6 4.9 Nov 19 0729101 12.20 0.03 St.Modwen Properties 3.08 GBP 222 79.4 544 M -10.9 -38.0 -26.0 214 0.7
2.32 12.0 1.2 11.3 1.8 11.1 4,456 -3.3 -23.9 -5.1 - -
Real Estate Investment Trusts
3.53 26.6 1.6 31.7 18.6 6.1 Mar 20 BVGBWW9 4.67 0.11 Assura 0.79 GBP 2,660 98.1 2,063 M 0.6 1.5 22.3 4,116 3.2
3.32 19.3 1.5 24.1 13.8 8.1 Mar 20 0286941 3.72 0.09 Big Yellow Group 10.19 GBP 176 91.7 1,642 M 1.5 -15.1 3.0 277 2.8
10.26 -20.8 0.4 12.6 7.1 -2.1 Dec 19 B4ZPCJ0 0.70 0.02 BMO Commercial Prope 0.59 GBP 799 65.8 308 M -7.1 -49.4 -48.6 2,052 1.2
6.48 -3.3 0.5 9.0 5.5 -13.2 Mar 20 0136701 7.66 0.19 British Land Co 3.66 GBP 927 99.6 3,382 L -5.3 -42.7 -27.9 2,572 9.7
1.07 -4.7 0.5 -54.9 15.7 -9.7 Dec 19 B62G9D3 2.32 0.06 Capital & Counties P 1.40 GBP 848 86.2 1,024 M -4.2 -46.5 -29.4 1,510 2.2
4.69 18.6 1.0 25.9 15.2 5.6 Mar 20 BD8HBD3 1.59 0.04 Civitas Social Housi 1.13 GBP 622 99.9 702 M 3.1 23.8 36.0 921 1.0
2.52 11.4 0.7 25.7 13.2 6.6 Dec 19 0265274 6.55 0.16 Derwent London 28.76 GBP 112 89.7 2,890 M 3.6 -28.3 -1.5 324 9.3
5.03 6.1 0.8 29.9 12.8 14.7 Jun 19 B8460Z4 1.29 0.03 GCP Student Living 1.25 GBP 455 99.9 569 M 0.8 -36.9 -23.7 845 1.0
2.14 28.9 0.7 34.6 13.8 2.3 Mar 20 BF5H9P8 3.38 0.08 Great Portland Est 5.90 GBP 254 99.7 1,492 M -6.7 -31.4 -10.9 551 3.3
17.30 -0.6 0.1 2.5 8.0 -15.9 Dec 19 0406501 1.11 0.03 Hammerson 0.64 GBP 766 99.9 491 M -20.0 -79.2 -70.1 2,558 2.0
8.00 -5.2 0.5 10.7 5.8 -8.9 Mar 20 BYW0PQ6 9.30 0.23 Land Securities Grp 5.77 GBP 741 96 4,105 L 4.3 -41.8 -27.6 1,841 10.3
3.59 -ve 1.5 46.9 19.3 -0.4 Mar 20 B4WFW71 4.60 0.11 LondonMetric Propert 2.31 GBP 908 96.6 2,029 M 9.7 -2.4 13.8 1,084 2.4
5.46 7.5 0.8 25.8 13.8 14.0 Mar 20 BYQ46T4 1.24 0.03 LXI REIT 1.05 GBP 521 99.8 549 M -6.6 -24.7 -19.2 770 0.8
5–11
FTSE All-Share Review July 2020
5–12
July 2020 FTSE Russell
5–13
2.85 -ve 0.7 +ve 20.9 -0.4 Jun 19 BYXVT88 0.58 0.03 Vinacapital Vietnam 3.06 GBP 178 99.4 542 M -7.0 -8.9 -12.1 425 1.4
3.09 4.1 0.8 40.5 3.8 19.7 Dec 19 BJTRSD3 1.64 0.08 Witan Inv Tst 1.79 GBP 863 99.3 1,530 M -2.9 -22.9 -19.9 1,431 2.6
0.74 20.4 1.2 20.4 +ve 6.1 Mar 20p 0338530 1.96 0.10 Worldwide Healthcare 33.80 GBP 55 99 1,834 M -6.4 8.0 19.2 117 4.2
2.41 11.6 1.0 71.5 13.9 9.3 93,438 0.3 -2.8 1.1 - -
Software & Computer Services
2.08 22.1 7.0 21.3 8.6 34.3 Dec 19 BDD85M8 16.58 0.17 Avast 5.75 GBP 1,022 53.6 3,154 L 8.7 26.9 70.8 1,812 10.2
1.07 41.5 3.4 56.2 8.0 8.4 Mar 20 BBG9VN7 13.85 0.15 Aveva Group 41.46 GBP 162 39.3 2,634 L 1.3 -11.0 3.9 139 5.7
1.60 20.0 4.6 11.6 0.4 24.1 Dec 19 BV9FP30 7.41 0.08 Computacenter 19.83 GBP 114 62.2 1,410 M 20.8 11.8 30.0 168 3.0
3.39 25.0 13.5 22.1 3.7 56.0 Dec 19 BLWDVP5 4.18 0.04 FDM Group Holdings 9.30 GBP 109 78.2 794 M 2.9 -10.1 13.4 57 0.5
0.91 72.1 22.7 54.7 7.5 34.7 Mar 20p BZ0D672 3.21 0.03 Kainos Group 11.00 GBP 122 45.4 610 M 46.9 48.2 95.7 186 1.7
N/A 1.6 0.2 2.8 0.4 10.7 Oct 19 BJ1F4N7 4.79 0.05 Micro Focus Internat 2.77 GBP 335 98.2 911 M -35.9 -74.0 -84.1 2,441 8.0
2.34 26.0 5.3 16.6 4.1 21.6 Sep 19 B8C3BL0 41.79 0.44 Sage Group 7.29 GBP 1,091 99.9 7,951 L 8.6 -2.6 1.3 2,534 17.7
1.18 36.5 21.7 38.5 2.5 63.6 Jul 19 BYZDVK8 8.20 0.09 Softcat 12.61 GBP 199 62.2 1,559 M 15.7 9.5 34.2 212 2.5
3.60 15.5 2.4 15.7 2.1 14.8 19,023 6.0 -8.9 -8.6 - -
Technology Hardware & Equip.
1.53 27.4 5.6 18.2 4.4 21.5 Dec 19 0472609 100.00 0.09 Spirent Communicatio 2.80 GBP 612 98.5 1,687 M 16.2 11.3 77.2 913 2.4
1.53 27.4 5.6 18.2 4.4 21.5 1,687 16.2 11.3 77.2 - -
FTSE 350 Index
4.82 14.2 1.4 5.8 0.9 9.8 1,807,479 -3.9 -22.0 -20.9 - -
5–13
FTSE All-Share Review July 2020
5–14
July 2020 FTSE Russell
6–1
FTSE All-Share Review July 2020
6–2
July 2020 FTSE Russell
6–3
6–3
FTSE All-Share Review July 2020
FTSE Small Cap Index Industry/Sector Relative to FTSE Small Cap Index - GBP
1-Month
Chemicals 2.8
Mining -3.7
INDUSTRIALS -5.6
Beverages -2.9
Media -6.2
FINANCIALS 1.3
Banks -0.2
TECHNOLOGY 7.0
6–4
July 2020 FTSE Russell
FTSE Small Cap Index Industry/Sector Relative to FTSE Small Cap Index - GBP
12-Month
Chemicals 22.3
Mining 37.1
INDUSTRIALS -10.9
Beverages 9.7
6–5
General Retailers -26.2
Media 7.5
FINANCIALS 1.9
Banks 0.0
TECHNOLOGY 18.9
6–5
FTSE All-Share Review July 2020
1 Month 12 Months
Name Sector Price Chg% Name Sector Price Chg%
Indivior Pharmaceuticals & Biotechnology 1.37 65.54 CMC Markets Financial Services 3.21 227.55
Amigo Holdings Financial Services 0.09 58.69 BATM Advanced Commun Technology Hardware & Equipment 1.23 184.72
Luceco Electronic & Electrical Equipment 1.41 49.63 Premier Foods Food Producers 0.87 157.10
Funding Circle Holdg Software & Computer Services 0.91 33.33 Indivior Pharmaceuticals & Biotechnology 1.37 150.73
Dignity General Retailers 3.28 31.46 JPMorgan China Growt Equity Investment Instruments 4.80 62.44
Senior Aerospace & Defense 0.52 -25.27 SIG Construction & Materials 0.28 -77.92
Stobart Group Industrial Transportation 0.26 -25.58 Hyve Group Media 0.80 -80.76
Premier Oil Oil & Gas Producers 0.35 -31.49 Tullow Oil Oil & Gas Producers 0.25 -87.03
Kier Group Construction & Materials 0.64 -34.50 Ted Baker Personal Goods 0.74 -90.08
Riverstone Energy Equity Investment Instruments 2.40 -36.13 Amigo Holdings Financial Services 0.09 -94.41
1 Month 12 Months
Name Sector Price Wgt % Cont% Name Sector Price Wgt % Cont%
Indivior Pharmaceuticals & Biotechnology 1.37 1.63 0.64 Indivior Pharmaceuticals & Biotechnology 1.37 1.63 0.89
Premier Foods Food Producers 0.87 1.00 0.19 Premier Foods Food Producers 0.87 1.00 0.55
BATM Advanced Commun Technology Hardware & Equip. 1.23 0.68 0.13 Just Group Life Insurance Del Del 0.52
Discoverie Group Electronic & Electrical Equipment 5.94 0.87 0.12 Avon Rubber Aerospace & Defense Del Del 0.50
CMC Markets Financial Services 3.21 0.57 0.10 Liontrust Asset Mana Financial Services Del Del 0.46
Marstons Travel & Leisure 0.40 0.41 -0.13 Purecircle Food Producers Del Del -0.45
Forterra Construction & Materials 1.55 0.51 -0.15 Intu Properties Real Estate Investment Trusts Del Del -0.46
Tullow Oil Oil & Gas Producers 0.25 0.57 -0.15 Redde Northgate Support Services 1.65 0.66 -0.46
MITIE Group Support Services 0.33 0.62 -0.20 Card Factory General Retailers 0.43 0.22 -0.49
Premier Oil Oil & Gas Producers 0.35 0.47 -0.22 MITIE Group Support Services 0.33 0.62 -0.57
70
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Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19
Capital Return Total Return vol 1m vol 3m
6–6
July 2020 FTSE Russell
6–7
Industrial Engineering
3.06 18.0 2.2 18.6 1.8 12.5 Apr 19 0378105 11.84 0.18 Goodwin 31.40 GBP 7 46.7 108 S 1.3 5.4 -8.5 1 0.05
0.94 20.8 2.5 18.3 1.7 12.5 Nov 19 0696368 21.71 0.32 Porvair 5.24 GBP 46 82.1 198 S -6.1 -21.6 -10.6 39 0.22
4.88 8.3 1.0 8.5 0.6 12.2 Mar 20p B27YGJ9 19.68 0.29 Severfield 0.59 GBP 306 98.9 180 S -2.6 -29.3 -11.3 249 0.15
3.94 -ve 1.1 8.9 0.7 -0.2 Mar 20p 0888392 14.18 0.21 Trifast 1.08 GBP 123 97.7 130 S -4.8 -40.0 -44.3 56 0.06
5.78 8.7 1.9 6.1 0.8 21.4 Dec 19 0929666 32.59 0.49 Vitec Group 6.54 GBP 46 99.8 298 S -3.3 -40.5 -41.9 22 0.14
3.97 12.9 1.6 9.1 0.9 12.3 914 -3.5 -31.1 -29.0 - -
Industrial Transportation
N/A -0.8 1.1 -3.7 0.6 -65.2 Feb 20 B03HDJ7 31.73 0.15 Stobart Group 0.26 GBP 425 86.4 95 S -25.6 -74.9 -76.4 2,500 0.8
6.08 5.7 15.6 3.7 0.2 N/A Mar 20 3032936 68.27 0.33 Wincanton 1.84 GBP 125 88.7 203 S -1.1 -39.9 -22.0 222 0.41
19.96 -3.9 2.9 9.9 0.2 -51.3 298 -10.4 -58.4 -54.8 - -
Support Services
2.99 22.1 7.9 15.4 0.7 37.3 Apr 19 BMMV6B7 7.77 0.38 Clipper Logistics 3.35 GBP 102 68.4 233 S 13.4 16.2 24.8 83 0.27
N/A 5.1 2.5 -ve 0.4 +ve Mar 20 B3DGH82 6.48 0.32 De La Rue 1.30 GBP 149 99.9 194 S 0.0 -0.2 -39.1 845 1.1
3.91 15.7 5.0 -6.5 0.8 56.1 Apr 19 BJMD6M3 1.80 0.09 DWF Group 0.64 GBP 325 26 54 S 29.3 -48.0 -46.6 218 0.13
3.75 11.0 1.0 13.8 0.6 9.4 Jul 19 0768900 2.92 0.14 Kin and Carta 0.52 GBP 169 99.7 88 S -15.2 -47.8 -50.0 777 0.40
9.12 -2.8 1.3 1.8 0.2 -32.6 Dec 19 0563042 5.01 0.25 Mears Group 1.37 GBP 110 99 150 S -13.3 -53.4 -49.8 112 0.17
N/A 4.8 1.1 1.2 0.1 19.7 Dec 19 0579005 2.49 0.12 Menzies (John) 1.09 GBP 84 81 75 S -12.5 -76.9 -73.8 520 0.6
3.82 7.2 4.8 7.6 0.2 +ve Mar 20 0465740 12.68 0.62 MITIE Group 0.33 GBP 1,171 99.1 380 S -23.8 -56.2 -61.5 2,276 0.9
11.12 7.7 0.7 10.6 0.5 9.6 Apr 19 B41H739 13.54 0.66 Redde Northgate 1.65 GBP 246 99.6 406 S -0.4 -46.8 -49.7 1,335 2.3
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FTSE All-Share Review July 2020
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July 2020 FTSE Russell
6–9
11.17 -4.4 0.5 6.0 3.7 -10.4 Aug 19 BH3JLY3 5.60 0.37 RDI REIT 0.90 GBP 380 66.5 227 S 8.5 -31.7 -14.8 360 0.31
12.44 10.8 0.6 22.7 5.2 5.8 Dec 19 BYV2ZQ3 6.02 0.40 Regional REIT 0.66 GBP 432 85.1 244 S -6.6 -41.4 -36.9 507 0.36
5.52 11.7 0.8 59.3 7.1 7.2 Sep 19 BYSX150 3.83 0.25 Residential Secure I 0.91 GBP 171 99.9 155 S 2.0 -7.7 -1.5 101 0.09
7.78 15.0 0.6 6.2 5.6 4.1 Sep 19 BY7R8K7 2.20 0.15 Schroder European Re 0.74 GBP 134 89.9 89 S 3.8 -33.0 -27.5 115 0.08
7.09 -5.5 0.6 22.7 7.1 -9.7 Mar 20 B01HM14 4.44 0.29 Schroder Real Estate 0.35 GBP 519 99.9 180 S 14.5 -37.3 -37.8 714 0.24
8.37 14.3 0.6 14.8 7.5 4.4 Dec 19 3387528 5.72 0.38 Standard Life Inv Pr 0.57 GBP 407 99.9 231 S -6.1 -37.5 -35.1 760 0.43
5.97 17.1 1.2 28.1 14.9 7.7 Jun 19p BJGTLF5 12.58 0.83 Target Healthcare RE 1.11 GBP 457 99.8 509 S 1.3 -4.0 0.0 378 0.40
4.79 15.8 1.0 27.7 17.8 6.5 Dec 19 BF0P7H5 8.39 0.56 Triple Point Social 1.07 GBP 351 90.4 340 S 9.2 18.9 35.8 433 0.45
8.69 -ve 0.7 13.6 5.9 -0.2 4,047 2.1 -26.5 -20.9 - -
Financial Services
0.00 2.4 0.9 -2.8 46.8 37.7 Dec 19 BLRLH12 4.24 0.16 Allied Minds 0.41 GBP 242 98 97 S 23.3 3.6 -20.5 317 0.12
N/A -1.6 0.3 0.4 0.1 -13.2 Mar 20 BFFK8T4 0.70 0.03 Amigo Holdings 0.09 GBP 475 36.4 16 S 58.7 -86.1 -94.4 39,382 3.8
N/A 2.9 0.7 6.5 0.5 24.1 Dec 19 BDGTXM4 4.83 0.18 Arrow Global Group 0.76 GBP 177 82 110 S -15.0 -70.5 -71.9 340 0.28
7.00 11.9 5.6 10.1 3.3 44.1 Jun 19 B104RS5 3.79 0.14 City Of London Inves 4.00 GBP 27 81.2 86 S 4.4 -9.1 -6.8 15 0.06
1.10 10.5 3.3 14.9 3.7 36.2 Mar 20 B14SKR3 15.41 0.57 CMC Markets 3.21 GBP 289 37.8 351 S 20.2 119.0 227.6 780 2.6
0.00 1.1 0.4 5.0 0.4 39.2 Dec 19 BF4HYV0 7.14 0.27 Georgia Capital 3.66 GBP 48 93.1 163 S -21.3 -60.3 -62.7 54 0.23
N/A 1.4 0.3 1.9 0.1 19.9 Dec 19 B1YKG04 5.27 0.20 International Person 0.55 GBP 224 98.3 120 S 4.4 -66.1 -46.2 583 0.35
1.08 26.4 4.7 32.2 6.0 19.2 Dec 19 BF4X3P5 22.45 0.84 JTC 4.90 GBP 123 85.1 511 S 5.6 18.6 38.6 189 0.9
9.84 -16.1 0.8 -2.6 10.6 -5.9 Mar 20 B0HW536 12.26 0.46 Real Estate Credit I 1.22 GBP 229 99.8 279 S -2.4 -27.4 -27.8 237 0.29
3.51 9.1 2.4 10.6 2.0 26.5 Jun 19 BLZH7X4 3.35 0.12 River and Mercantile 1.85 GBP 85 48.2 76 S -1.5 -26.4 -31.6 40 0.07
7.52 6.7 1.1 39.1 2.1 16.8 Jan 20 0765503 2.70 0.10 S & U 15.95 GBP 12 31.7 61 S -0.6 -24.4 -31.0 2 0.03
12.12 7.9 0.7 -7.2 4.6 8.2 Dec 19 BVG6X43 8.86 0.33 VPC Specialty Lendin 0.66 GBP 306 99.9 202 S 0.0 -15.6 -15.4 527 0.34
5.59 15.7 1.6 11.1 2.0 9.9 Mar 20 BDDN1T2 9.00 0.34 XPS Pensions Group 1.18 GBP 204 85.1 205 S 2.6 -13.9 2.2 450 0.5
6.62 5.7 1.0 37.1 1.1 18.4 2,277 2.5 -17.1 -9.2 - -
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FTSE All-Share Review July 2020
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July 2020 FTSE Russell
6–11
3.40 7.9 1.0 58.5 29.3 14.3 Dec 19 0871079 1.17 0.60 Schroder Asian Total 3.73 GBP 98 99.8 365 S 1.6 1.4 -2.5 141 0.5
5.40 -38.7 0.8 -38.7 25.9 -2.0 Aug 19 0791586 0.52 0.26 Schroder Income Grow 2.35 GBP 69 99.6 161 S -4.9 -24.9 -19.0 56 0.13
2.91 -15.0 0.7 -15.0 -21.1 -4.8 Jul 19 0802284 0.65 0.33 Schroder Japan Growt 1.62 GBP 125 99.9 202 S -6.6 -17.8 -15.2 104 0.18
4.27 47.8 0.7 47.8 16.0 1.4 Sep 19 0610841 0.49 0.25 Schroder UK Mid Cap 4.33 GBP 35 99.9 153 S -1.7 -37.2 -15.4 101 0.44
0.00 -0.5 0.5 -42.8 -0.5 -69.5 Dec 19 BVG1CF2 0.74 0.38 Schroder UK Public 0.26 GBP 909 99.9 232 S 0.0 -33.5 -46.1 912 0.23
1.38 60.8 0.7 69.2 9.2 1.2 Aug 19 0783613 0.79 0.40 Scottish Oriental Sm 8.34 GBP 30 98.9 246 S 2.0 -16.1 -21.1 49 0.41
4.50 30.6 1.1 -ve 24.5 5.5 Mar 20 BGHVZM4 1.14 0.58 SDCL Energy Efficien 1.11 GBP 320 99.9 355 S 4.2 3.3 3.3 573 0.6
3.45 -12.9 1.1 16.9 -16.4 -8.3 Mar 20 B09G3N2 0.62 0.32 Securities Trust of 1.86 GBP 105 99.7 194 S -3.4 -10.1 -4.9 101 0.19
10.61 -ve 0.4 -4.7 3.3 -0.2 Mar 19 BMT81R2 0.39 0.20 SME Credit Realisati 0.57 GBP 214 100 122 S 10.6 -24.6 -23.7 102 0.06
4.29 6.8 0.7 -ve 6.1 9.9 Sep 19 3047468 0.73 0.37 Standard Life Privat 3.03 GBP 154 49 228 S 6.3 -13.1 -15.8 110 0.35
1.76 -ve 0.9 +ve +ve -0.4 Jun 19 0295958 1.60 0.81 Standard Life UK Sma 4.99 GBP 100 99.7 498 S 3.5 -21.8 2.9 100 0.49
7.51 12.8 0.8 10.4 13.3 6.9 Dec 19 B79WC10 1.15 0.59 Starwood European Re 0.87 GBP 413 99.9 358 S 0.2 -17.1 -17.1 236 0.20
0.83 48.8 0.7 11.8 7.5 1.4 Jun 19 B0BDCB2 0.35 0.18 Strategic Equity Cap 1.81 GBP 63 95.6 109 S -7.8 -26.3 -20.3 34 0.06
2.49 -10.5 0.9 +ve -25.9 -7.8 Jun 19 0906692 1.44 0.73 TR European Growth T 8.94 GBP 50 99.9 448 S 5.9 -7.5 0.3 83 0.7
3.85 11.8 1.0 37.6 10.7 8.9 Sep 19 0370866 0.79 0.40 Troy Income & Growth 0.72 GBP 341 99.4 245 S -2.2 -15.9 -13.3 479 0.35
6.50 -7.7 1.1 -4.9 23.2 -13.3 Mar 20 B90J5Z9 1.60 0.82 Twentyfour Income Fu 0.98 GBP 509 99.6 499 S -2.6 -11.7 -13.3 1,299 1.3
7.21 26.5 1.2 20.2 19.4 4.4 Sep 19 BJVDZ94 0.63 0.32 TwentyFour Select Mo 0.88 GBP 222 99.9 195 S 2.3 -6.9 -6.3 200 0.17
4.38 -2.9 1.0 35.6 -3.2 -27.8 Mar 20 BD45S96 0.99 0.51 Utilico EM Trust PLC 1.73 GBP 228 78.3 309 S -2.8 -27.0 -31.9 308 0.6
7.12 12.5 0.5 18.6 4.9 4.1 Mar 19 0848471 0.19 0.09 Value And Income Tru 1.70 GBP 46 74.7 58 S 1.5 -39.9 -36.0 54 0.09
2.04 19.8 1.0 19.8 15.4 4.9 Jan 20 0365602 0.68 0.35 Witan Pacific Invest 3.50 GBP 61 99.8 213 S 1.7 1.4 2.9 116 0.42
3.38 30.9 0.9 74.6 22.5 2.6 31,130 -0.3 -9.6 -6.9 - -
Software & Computer Services
0.00 22.6 2.9 13.5 3.7 13.7 Dec 19 BDHXPG3 5.09 0.12 Alfa Financial Softw 0.80 GBP 300 31.6 76 S 10.5 -33.3 -16.0 171 0.12
1.36 22.8 5.0 14.5 3.9 18.4 Dec 19 BJV2F80 15.46 0.38 Aptitude Software Gp 4.15 GBP 56 98.5 231 S 18.6 -33.3 -25.1 56 0.23
0.00 -4.1 1.0 -12.7 2.0 -21.5 Dec 19 BG0TPX6 8.99 0.22 Funding Circle Holdg 0.91 GBP 349 42 134 S 33.3 4.3 -19.3 187 0.15
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FTSE All-Share Review July 2020
ftserussell.com
6–14
January 2018 FTSE Russell
Appendices
A–1
FTSE All-Share Review January
2018
Appendices
A-3 About the FTSE All-Share Index
A-5 Ground rules governing free float
A-6 Industry Classification Benchmark (ICB)
A-8 User guide to the FTSE All-Share Review
A-13 Guide to terminology
A–2
January 2018 FTSE Russell
The FTSE All-Share Index was originally called the FT Actuaries UK Share at its inception in 1962. The index was enhanced with the addition of two new
sub-indices, namely the FTSE 100 and FTSE 250 in January 1982 and October 1992, respectively.
The table below illustrates how the index family is structured under the FTSE All-Share Index Series umbrella, where the shaded blocks indicate the indices
which have detailed sections within the FTSE All-Share Review publication. The index family is underpinned by the Industry Classification Benchmark (ICB)
classification system which is explained later in this Appendix.
Appendices
The FTSE All-Share Index comprises approximately 624 stocks. FTSE aims to capture up to 98% of the investable market capitalisation of the UK domiciled
market, incorporating large, medium and small cap stocks.
Guiding principles for the FTSE All-Share Index
• Transparency on all issues concerning the management of and changes to the FTSE All-Share Index.
• Strict, widely published, rules-based methodology.
• Rules-driven, independent committee of market practitioners who oversee the indices.
• Committee decisions are made public in a timely manner to aid users of the index.
Eligible securities
Only premium listed equity shares, as defined by the UK Financial Services Authority in its Listing Rules Sourcebook, which have been admitted to trading to
the London Stock Exchange, are eligible for inclusion in the FTSE UK index series.
To be included in the FTSE All-Share Index, a security must meet the following criteria:
• Premium listed equity shares, as defined by the Financial Services Authority in its Listing Rules Sourcebook
• Traded on the London Stock Exchange SETS and SETSmm trading systems.
• If a company is legally incorporated in the UK, has its sole listing in the UK and a minimum free float of 25%.
• If a company is not incorporated in the UK, the company must publicly acknowledge adherence to the principles of the UK Corporate Governance Code,
pre-emption rights and the UK Takeover Code as far as practicable. Also, the company must have a free float greater than 50%.
A–3
• Accurate and timely data and pricing information must be available.
• Adequate liquidity must exist.
A secondary line will be eligible for index inclusion if its full market capitalisation is greater than 25% of the full market capitalisation of the company’s
principal line and the second line is eligible, in its own right, under the Ground Rules. Should the full market capitalisation of a secondary line, which is
already a constituent of the FTSE All-Share Index or the FTSE Fledgling Index, fall below 20% of the full market capitalisation of the company’s principal
line at an annual review, the secondary line will be deleted from the relevant index unless its full market capitalisation remains above the qualification level
for continued inclusion as a constituent of the FTSE All-Share Index at that review.
Ineligible securities
• Convertible preference shares and loan stocks will be excluded until converted into eligible equity shares.
• Venture capital Trusts (VCTs)
• ETFs
• Split Capital Investment Trusts.
Constituent classification
Sector classifications for all FTSE index constituents, including the FTSE All-Share Index, are defined by the ICB classification system. The ICB sector
designations are listed below, with further guidance provided on the website at www.ftserussell.com.
Index review
The index is reviewed quarterly, with advance notification given of any changes to constituents via financial newswires and www.ftserussell.com to ensure
that indices continue to reflect market reality. Details of the committees governing the FTSE All-Share Index are given later in this document. A schedule
of quarterly reviews is provided on www.ftserussell.com.
Rules-based methodology
As with all FTSE indices, the FTSE All-Share Index is strictly rules-based to ensure consistency and transparency. Therefore, the Ground Rules for the FTSE
All-Share Index are published as widely as possible to allow anyone tracking the index to anticipate changes and accurately replicate the index. A full set of
the Ground Rules for the Management of the UK series of the FTSE Actuaries Share Indices is available on www.ftserussell.com.
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FTSE All-Share Review January
2018
A description of the responsibilities of each committee involved in the management of the FTSE All-Share Index is provided later in this section.
Constituent selection
Inclusion screens. To ensure the FTSE All-Share Index is investable, eligible securities are subject to two screens:
• Price – securities must have an accurate and reliable price for the purposes of determining the market value of a company. A Sterling denominated
price on SETS must exist for a company to be included in the FTSE UK index series.
• Liquidity screens stipulate that existing constituents must trade at least 0.035% of their shares in issue per month in ten out of the twelve months
prior to quarterly review. New issues which do not have a twelve month trading record must have a minimum 20 day trading record when reviewed.
Free float. FTSE All-Share Index constituents are adjusted for free float and weighted according to how much share capital is available for public
investment. This achieves the most accurate and neutral market representation possible: meaning that only shares you can own are included in the index.
On 14 December 2011, a change to the ground rules required UK incorporated companies to have a minimum float of 25% for index eligibility. Existing
constituents were given a two year grandfather period to comply, which expires in January 2014. If a company fails to meet the 25% requirement at the
time of the quarterly reiew on 11 March 2014, it will be removed from the FTSE UK Index Series at that review.
In June 2012, FTSE applied the actual free float (rounded up to the next 1%) to all constituents within the FTSE UK Index Series, including all float-
weighted sub-indices.
Please refer to the more detailed notes on free float rules later in this section.
Indices within the FTSE All-Share Index Series
This document also contains information on the FTSE 100 Index, FTSE 250 Index, FTSE 350 Index and the FTSE Small Cap Index. Each of these indices is
managed and maintained under the Europe/Middle East/Africa Regional Committee structure.
The FTSE 100 Index
The FTSE 100 comprises the largest 100 companies (large cap) in the FTSE All-Share Index. The index is a market-capitalisation weighted index
representing the performance of the 100 largest UK-domiciled blue chip companies, which pass screening for size and liquidity. The index represents
approximately 85% of the UK's market capitalisation and is suitable as the basis for investment products, such as funds, derivatives and ETFs. FTSE 100
constituents are all traded on the London Stock Exchange's SETS trading system.
Daily updated constituent lists and closing end of day values for the FTSE All-Share index are available on www.ftserussell.com.
Free float – transition to actual free float
Prior to 18 June 2012, FTSE used a banded structure to adjust stock weightings for free float in the index.
From 18 June 2012 (initial implementation), the free float of index constituents moved to actual float (rounded up to the nearest 1%) unless the actual float
is within a 3% buffer of the constituent’s current banded float. Following initial implementation, changes to floats between reviews will be made in response
to corporate events, secondary offerings or significant changes to shares in issue. All other changes to free float will be made at the quarterly reviews if the
revised float is more than 3% from the current figure. These reviews will coincide with the quarterly reviews undertaken by the FTSE Regional Index
Advisory Committees. A schedule of committee meetings is available on www.ftserussell.com.
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January 2018 FTSE Russell
Appendices
a) portfolio investments (such as pension and insurance funds)
b) nominee holdings (unless they represent restricted free float as defined by rule I above)
c) holdings by investment companies (*where any single portfolio holding is 30% or greater it will be regarded as strategic and therefore, restricted.
The shares remain restricted until the holding falls below 27%.
d) ETFs
III. Free float restrictions will be calculated using available published information. Equity shares of companies must have a free float greater than 5%, the
actual free float will be rounded up to the next highest whole percentage number. Companies with a free float of 5% or below are not eligible for
inclusion in the FTSE UK Index Series.
IV. A constituent’s free float will only be changed if its rounded free float moves to more than 3 percentage points above or below the existing rounded
free float. Where a company’s actual free float moevs to above 99%, it will not be subject to the 3 percentage points threshold and will be rounded to
100%.
V. A constituent with a free float of 15% or below will not be subject to the 3 percentage points threshold.
VI. Companies with two (or more) lines of equity shares are subject to FTSE’s secondary line rule at the UK index review. A company’s full market
capitalisation (based on all lines of equity) is used for the purpose of the index review ranking position, but only the eligible free float adjusted lines
will be included within the index weighting.
VII. The FTSE UK Indices will be periodically reviewed for changes in free float. These reviews will coincide with the quarterly reviews undertaken by the
FTSE Regional Committee.
VIII. A constituent’s free float will also be reviewed on publication of further information on restricted shareholdings and changed where appropriate. If the
A–5
changes result from a corporate event, any change in free float will be implemented at the same time as the corporate event. If there is not a
corporate event, the change in free float will be applied at the next quarterly review.
IX. A constituent’s free float will only be changed if its rounded free float moves to more than 3 percentage points above or below the existing rounded
free float. Where a company’s actual free float moves to above 99%, it will not be subject to the 3 percentage points threshold and will be rounded to
100%. A constituent with a free float of 15% or below will not be subject to the 3 percentage points threshold.
A full copy of the Ground Rules for the FTSE All-Share Index is available on www.ftserussell.com.
Committee structure for the management of changes affecting the FTSE All-Share Index
FTSE Policy Group The FTSE Policy Group has been established to provide advice and information to FTSE on the construction and
maintenance of agreed FTSE indices, on its strategy in meeting current and future market requirements for indices
covering all investment sectors and to oversee the FTSE Regional Equity Committees, the Nationality Committee,
the Country Classification Committee, the ICB Advisory Committee and the Bond Indices Committee.
Regional Committees The FTSE Equity Indices Committee has established three Regional Committees:
• FTSE Europe/Middle East/Africa Regional Committee
• FTSE Asia/Pacific Regional Committee
• FTSE Americas Regional Committee.
The FTSE Europe/Middle East/Africa Regional Committee undertake the quarterly reviews of the FTSE All-Share
Index and ensure that constituent changes and index calculations are made in accordance with the Ground Rules.
ICB Advisory Committee The FTSE Industry Classification Benchmark (ICB) Advisory Committee supports FTSE in its classification of
companies, as defined in the ICB Classification Rules.
The FTSE Nationality Committee The purpose of the FTSE Nationality Committee is to ensure that companies are allocated to a country in
accordance with the nationality rules contained in the FTSE Ground Rules and to regularly review the adequacy and
appropriateness of the nationality rules.
A schedule of committee meetings and lists of the countries to be reviewed at each meeting is available on www.ftserussell.com.
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FTSE All-Share Review January
2018
A–6
January 2019 FTSE Russell
3747 Toys
3760 Personal Goods 3763 Clothing & Accessories
3765 Footwear
3767 Personal Products
3780 Tobacco 3785 Tobacco
4000 Health Care 4500 Healthcare 4530 Health Care Equipment & Services 4533 Health Care Providers
4535 Medical Equipment
4537 Medical Supplies
4570 Pharmaceuticals & Biotechnology 4573 Biotechnology
4577 Pharmaceuticals
5000 Consumer Services 5300 Retail 5330 Food & Drug Retailers 5333 Drug Retailers
5337 Food Retailers & Wholesalers
5370 General Retailers 5371 Apparel Retailers
5373 Broadline Retailers
5375 Home Improvement Retailers
5377 Specialized Consumer Services
5379 Specialty Retailers
5500 Media 5550 Media 5553 Broadcasting & Entertainment
5555 Media Agencies
5557 Publishing
5700 Travel & Leisure 5750 Travel & Leisure 5751 Airlines
Appendices
5752 Gambling
5753 Hotels
5755 Recreational Services
5757 Restaurants & Bars
5759 Travel & Tourism
6000 Telecommunications 6500 Telecommunications 6530 Fixed Line Telecommunications 6535 Fixed Line Telecommunications
6570 Mobile Telecommunications 6575 Mobile Telecommunications
7000 Utilities 7500 Utilities 7530 Electricity 7535 Conventional Electricity
7537 Alternative Electricity
7570 Gas, Water & Multiutilities 7573 Gas Distribution
7575 Multiutilities
7577 Water
8000 Financials 8300 Banks 8350 Banks 8355 Banks
8500 Insurance 8530 Nonlife Insurance 8532 Full Line Insurance
8534 Insurance Brokers
8536 Property & Casualty Insurance
8538 Reinsurance
8570 Life Insurance 8575 Life Insurance
A–7
8600 Real Estate 8630 Real Estate Investment & Services 8633 Real Estate Holding & Development
8637 Real Estate Services
8670 Real Estate Investment Trusts 8671 Industrial & Office REIT
8672 Retail REIT
8673 Residential REIT
8674 Diversified REIT
8675 Specialty REIT
8676 Mortgage REIT
8677 Hotel & Lodging REIT
8700 Financial Services 8770 Financial Services 8771 Asset Managers
8773 Consumer Finance
8775 Specialty Finance
8777 Investment Services
8779 Mortgage Finance
8980 Equity Investment Instruments 8985 Equity Investment Instruments
8990 Nonequity Investment Instruments 8995 Nonequity Investment Instruments
9000 Technology 9500 Technology 9530 Software & Computer Services 9533 Computer Services
9535 Internet
9537 Software
9570 Technology Hardware & Equipment 9572 Computer Hardware
9574 Electronic Office Equipment
9576 Semiconductors
9578 Telecommunications Equipment
The Industry Classification Benchmark (ICB) is owned by FTSE International Limited (FTSE).
© 2020 FTSE International Limited. All rights reserved.
A–7
FTSE All-Share Review January
2018
Yield % The dividend yield for the index. Capital Return The value on the report date of the capitalisation
Price/ Earnings Aggregate fundamental data ratios, except (Index Value) weighted index.
Price/Book Value aggregate ROE, are calculated based on the sum of Capital Return The performance of the capitalisation weighted
each individual constituent’s market capitalisation (Performance) index (adjusted for special dividends) in the last
Price/Cash (adjusted for free float) divided by: the sum of the month (1M), in the last calendar year (12M) and
Earnings product of market capitalisation (adjusted for free since the start of the calendar year (YTD).
Price/Sales float) multiplied by the reciprocal of the valuation Total Return The value on the report date of the total return
Return on Equity ratio for each constituent. Aggregate ROE is the (Index Value) index.
(ROE sum of weighted ROE values. Weighting is based
on average equity allocated to that security based Total Return The performance of the total return index (adjusted
Aggregates (Performance) for special dividends) in the last month (1M), in the
on its index market capitalisation, proportionate to
total company market capitalisation. Where last year (12M) and since the start of the year
valuation ratios for individual constituents are not (YTD).
available, data values for these constituents are MCap GBP (mn) The total market capitalisation of stocks in the index
excluded from the corresponding aggregate in million denominations of Pound Sterling currency.
calculation(s). See the glossary section for Index Weight % The % weight of the stock within the given index
individual constituents level fundamental data item i.e. FTSE All-Share Index, FTSE 100 Index, FTSE
definitions for P/E, P/B, P/CE, P/S and ROE. 250, FTSE 350 or FTSE Small Cap Index.
Index The name of the UK index to which the data relates No of Stocks The number of stocks in the index.
Performance Graph
Chart showing the long term performance of the capital return index in Pound Sterling. The monthly capital return index values are rebased at 100.
Relative Performance Charts
UK indices and industry/sector performance relative to the given (capital return) index for 1-month and 12-month time periods.
A–8
January 2018 FTSE Russell
Appendices
Yld % P/E P/B P/CE P/S ROE Industry/ Index 1M YTD 12M Index 1M YTD 12M Market Index No of Wgtd Cont
Sector % % % % % % Cap(mn) Wgt % Stocks 1M (%)
Yield % The dividend yield for the index. Capital Return The performance of the industry (or sector)
Price/ Earnings Aggregate fundamental data ratios, except (Performance) capitalisation weighted index in the last month
aggregate ROE, are calculated based on the sum (1M), in the last rolling 12-month period (12M)
Price/Book Value and since the start of the calendar year (YTD).
of each individual constituent’s market
Price/Cash capitalisation (adjusted for free float) divided by: Total Return The value on the report date of the total return
Earnings the sum of the product of market capitalisation (Index Value) index.
Price/Sales (adjusted for free float) multiplied by the Total Return The performance of the total return index
Return on Equity reciprocal of the valuation ratio for each (Performance) (adjusted for special dividends) in the last month
(ROE constituent. Aggregate ROE is the sum of (1M), in the last year (12M) and since the start of
weighted ROE values. Weighting is based on the year (YTD).
Aggregates
average equity allocated to that security based on
its index market capitalisation, proportionate to M Cap GBP (mn) The total market capitalisation of stocks in the
total company market capitalisation. Where index in million denominations of Pound Sterling
valuation ratios for individual constituents are not currency.
available, data values for these constituents are Weight % The % weight of the sector within the given index
excluded from the corresponding aggregate i.e. FTSE All-Share Index, FTSE 100 Index, FTSE
calculation(s). See the glossary section for 250 Index, FTSE 350 Index or FTSE Small Cap
A–9
individual constituents level fundamental data Index.
item definitions for P/E, P/B, P/CE, P/S and ROE. No of Stocks The number of stocks in the industry level (or
Industry/Sector The name of the industry or sector index to which sector level).
the data relates (as defined by the ICB Weighted Cont The weighted contribution of the sector to the
classification system). % (1M) country index over the last month.
A–9
FTSE All-Share Review January
2018
Name The name of a stock in the index. Price Stock price on the report date in local currency.
Sector The sector level to which the stock belongs. Chg% The stock performance (adjusted for special dividends) over
the given period.
Name The name of a stock in the index. Price Stock price on the report date in local currency.
Sector The sector level to which the stock belongs. Wgt % Stock weight within the country index on the report date.
Cont % The weighted contribution of the stock over the period.
Overview – Holdings
This report shows the top ten companies ranked by market capitalisation as at the end of the month.
Top 10 Holdings
Name Sector Price Wgt %
Name The name of a stock in the index. Price Stock price on the report date in local currency.
Sector The sector level to which the stock belongs. Wgt% The index weight as at the end of the month.
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January 2018 FTSE Russell
Constituent Report
This report gives details of each stock which is a member of the index on the report date.
Yield % Stock yield on the report date. Fiscal Year The company year-end report date. This date stamps
Price/ Price to Earnings is price divided by earnings per share. End the historic fundamental components of P/E, P/B, P/S,
Earnings Earnings are based on net income from continuing P/CE and ROE.
operations, before amortization of goodwill and Sedol The SEDOL (Stock Exchange Daily Official List code) of
extraordinary items and after tax, minority interests, a stock in the index.
preferred dividend, at fiscal year end. Earnings is Weight % The weight of the stock within the sector of the index to
attributed across the different share classes, where Sector which the stock belongs.
common stock is comprised of more than one share
type. Weight % The weight of the stock within the index.
Index
Price/Book Price to Book (P/B) is price divided by book value per
Value share. Book value is based on common equity, Name Stock name.
excluding minority interest and preferred stock at the Price Stock price on the report date in Pound Sterling.
most recent fiscal year end. Goodwill written off may CCY Currency of stock price quoted on the local exchange.
also be added back. The divisor is company market
Shares (mn) The total number of shares in issue (in millions) on the
capitalisation (issued shares x price) at the review date.
report date.
Appendices
Common equity is attributed across different share
classes, where common stock is comprised of more than Free Float The proportion of company’s capital included within the
one share type. FTSE Share indices.
Price/Cash Price to Cash Earnings is Price divided by Cash Earnings M Cap The investable or net market capitalisation of the stock
Earnings per share. Cash Earnings is earnings plus depreciation, GBP (mn) (price * shares * free float) within the index. In the
amortisation, deferred taxes, other non-cash items, currency of the local country index.
extraordinary items and changes in working capital for Sz The size of the stock ranked by its market capitalisation
the most recent year. If Cash Flow is not reported it is in relation to the total UK market. Constituents can be
estimated based on net income plus depreciation at either large cap, mid cap or small cap.
year end. Cash earnings are attributed across the
Performance The performance of the stock (adjusted for special
different share classes, where common stock is
dividends) in the last month (1M), three months (3M),
comprised of more than one share type.
in the last rolling 12-month period (12M) and since the
Price/ Sales Price to Sales is price divided by sales per share. start of the calendar year (YTD). Performance figures
It is based on Sales from continuing operations for the which form part of a total (see below) include
fiscal year. It is generally as reported but occasional contributions from stocks which may no longer be
adjustments may be made. Sales values are also members of the index. Performance is measured in
computed for banks, insurance and other financial local currency. This includes splits, consolidations, rights
companies based on appropriate definitions. Sales is issues and share buybacks.
attributed across different share classes, where Volume Avg The average (mean) number of shares (in millions)
Common equity is comprised of more than one share
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Sh (mn) traded each day in the previous month.
type.
Volume Avg The average (mean) value of shares (in millions) traded
Return on Return on Equity ratio is net income (as defined in Val (mn) each day in the previous month. In the currency of the
Equity (ROE) Price/Earnings above) divided by average common local country index.
equity. Common Equity is averaged over the
accounting year. It may be adjusted to include goodwill
written-off and is attributed across different share
classes, where common stock is comprised of more than
one share type. ROE is expressed as a percentage and
is not calculated when average common equity is
negative.
Fiscal Year End is followed by 'p' where valuation ratios are based on data derived from preliminary company financial statements or related sources. Note
that the values in P/E, P/B, P/CE, P/S and ROE all relate to the Fiscal Year End shown.
Totals: Totals are shown for each industry sector (derived from the sector index for the index) and each index.
Valuation Data: Valuation ratios are calculated by FTSE. P/E, P/B, P/S, P/CE and ROE valuations are based on FTSE data components combined with
additional components sourced from a third party vendor.
Dividend Yield values are shown to two places of decimal. One decimal place is shown for other valuation ratios. Values outside the range –99 to 99 are
indicated by ‘+ve’ or ‘-ve’. N/A indicates that data is not available.
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FTSE All-Share Review January 2018
Index Changes
Five reports giving details of index changes for the FTSE All-Share, FTSE 100, FTSE 250, FTSE 350 or FTSE Small Cap Index Changes are listed by sector,
type of change and ordered by effective date. Changes listed are index additions and deletions, stock reclassifications, name changes and changes in
investability weight. Index deletions are dated as of the end of the closing business day in which it is a member of the index and index additions are dated as
at the beginning of the business day in which it has become a member of the index.
Effective Date The date on which the change became effective and Name The current name of the stock affected by the change (or
was reflected in the index. new name in the case of a name change).
Sedol The SEDOL (Stock Exchange Daily Official List code) of Details Details of the change:
a stock in the index. • New/old investability weight (free float factor)
• Old name
• New/old subsector
Multiple Lines
A Multiple line (or secondary line) will be eligible for index inclusion if its full market capitalisation is greater than 25% of the full market capitalisation of the
company’s principal line and the second line is eligible, in its own right, under the Ground Rules. Should the full market capitalisation of a secondary line,
which is already a constituent of the FTSE All-Share Index, fall below 20% of the full market capitalisation of the company’s principal line at an annual review,
the secondary line will be deleted from the relevant index unless its full market capitalisation remains above the qualification level for continued inclusion as a
constituent of the FTSE All-Share Index at that review.
Sedol The SEDOL (Stock Exchange Daily Official List code) of Sector ICB sector classification for the stock.
a stock in the index.
Name The current name of the stock affected by the change Free Float (%) Investability weight (free float factor) for the stock.
(or new name in the case of a name change).
Reserve List
Reserve lists are compiled for the FTSE 100 index and FTSE 250 index following the quarterly review. They will be used in the event that one or more
constituents of the FTSE 100 or FTSE 250 index are deleted during the period up to the next quarterly review. The constituent in the reserve list with the
highest market capitalisation at the time is promoted.
Sedol The SEDOL (Stock Exchange Daily Official List code) of Sector ICB sector classification for the stock.
a stock in the index.
Name The current name of the stock affected by the change Free Float (%) Investability weight (free float factor) for the stock.
(or new name in the case of a name change).
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January 2018 FTSE Russell
Guide to terminology
Abbreviations and Nomenclature
1M 1 month P/CE Price to Cash Earnings
3M 3 months P/E Price to Earnings
12M 12 months P/S Price to Sales
100 FTSE 100 Index mn Millions
250 FTSE 250 Index ROE Return on Equity
350 FTSE 350 Index S Small cap
All-Sh FTSE All–Share Index Sctr Sector
Avg Average Sh(th) Shares (thousands)
Cap Market capitalisation Sz Size of constituent (large, mid or small cap)
CCY Currency of stock price quoted on the local exchange SQRT Square root
Chg Change STDDEV Standard deviation
Cont Weighted contribution th Thousands
Del Stock was deleted from index prior to publication date Val(mn) Valuation (millions)
Ex Excluding Vol Volatility
Ex Invt Tr Excluding Investment Trusts Vol Ave Average Volume
Appendices
Idx Index Wgt Weight
FF (%) Free Float (%) Yield Dividend Yield
L Large cap YTD Year to date
MCap GBP(mn) Market Capitalisation in GBP (millions) N/A No data available
M Mid cap 0 Value is too small to show
N/A Not applicable - Not applicable
P/B Price to Book -ve/+ve Values outside the range –99 to 99.
Glossary
Aggregate Fundamental Aggregate fundamental data ratios, except aggregate ROE, are calculated based on the sum of each individual constituent’s
Data Valuation ratios market capitalisation (adjusted for free float) divided by: the sum of the product of market capitalisation (adjusted for free
float) multiplied by the reciprocal of the valuation ratio for each constituent. Aggregate ROE is the sum of weighted ROE
values. Weighting is based on average equity allocated to that security based on its index market capitalisation,
proportionate to total company market capitalisation. Where valuation ratios for individual constituents are not available,
data values for these constituents are excluded from the corresponding aggregate calculation(s).
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Capitalisation Weighted An index where the constituents’ effect on the index is weighted according to their market capitalisation.
Index
Fiscal Year Indicates the company’s financial year-end date and is the date of the company’s annual audited financial statements.
Free Float Factor The proportion of a stock’s total market capitalisation to be included in the FTSE All-Share Index. This is also known as the
investability weight.
Prior to 18 June 2012, FTSE used a banded structure to adjust stock weightings for free float in the index. From 18
June 2012 onwards, FTSE uses actual free float figures for stock weightings in the index.
Size Constituent’s market capitalisation ranked by size: large cap, mid cap and small cap.
Performance The performance of an asset A between two dates T1 and T2 (T1 < T2) is defined as:
Performance(A, T1, T2) = 100 * (Price(A, T2) / (Price(A, T1) * AF(A, T1)) – 1)
Where AF(A, T1) is an adjustment which may need to be applied to the price on date T1 as a result of a corporate action
effective on date T2 so that it is directly comparable to the price on date T2.
This includes splits, consolidations, rights issues and share buybacks.
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FTSE All-Share Review January 2018
Relative Performance The relative performance of an index A relative to a second index B between two dates T1 and T2 is defined as:
Relative Performance(A, B, T1, T2) = 100 * (( Price(A, T2) / Price(A, T1) ) / ( Price(B, T2) / Price(B, T1) ) –1)
This includes splits, consolidations, rights issues and share buybacks.
Price to Book Price to Book (P/B) is price at the review date divided by common equity per share. Common/ordinary equity is generally as
reported at the most recent fiscal year-end but is adjusted to exclude minority interest, preferred stock and selected items as
appropriate. Goodwill written-off may be added back. Common stock is attributed across different share classes, where
common equity is comprised of more than one share type.
Price to Cash Earnings Price to Cash Earnings (P/CE) is price at the review date divided by cash earnings per share. Cash earnings are earnings
plus depreciation, amortisation, deferred taxes, other non-cash items, extraordinary items and changes in working capital for
the most recent fiscal year. If Cash Flow is not reported, it is estimated based on net income plus depreciation at year end.
Cash earnings is attributed across the different share classes, where common equity is comprised of more than one share
type.
Price to Earnings Price to Earnings (P/E) is price over earnings per share. Earnings are based on the latest available fiscal year earnings from
continuing operations after tax, minority interests, preferred dividends and before extraordinary items and amortisation of
goodwill and may be adjusted for dilution. Earnings is attributed across the different share classes, where Common Stock is
comprised of more than one share type.
Price to Sales Price to Sales (P/S) is price divided by sales per share. It is based on sales from continuing operations for the fiscal year and
is generally as reported, although occasional adjustments may be made. Sales values are also computed for banks,
insurance and other financial companies based on appropriate definitions. Sales is attributed across the different share
classes, where common stock is comprised of more than one share type.
Return on Equity (ROE) Return on Equity is net income over average common equity. Net income is the latest available fiscal year earnings from
continuing operations after tax, minority interests, preferred dividends and before extraordinary items and amortisation of
goodwill and may be adjusted for dilution. Average Common Equity generally excludes minority interest, preferred stock and
selected items as appropriate. Goodwill written-off may be added back. Common equity is averaged over the last accounting
year. It is attributed across the different share classes, where common stock is comprised of more than one share type.
ROE is expressed as a percentage and is not calculated when average common equity is negative.
Total Return Index An index where the constituents’ effect on the index is weighted according to their market capitalisation and which includes
dividend income reinvested into the index.
Weighted Contribution The weighted contribution measures the impact of an asset on an index. Index performance is equivalent to the sum of all
weighted contributions. The weighted contribution of a stock A within an index I on date T is defined as:
Weighted Contribution(A, I, T) = Weight%(A, I, T’) * Performance(A, T-1, T)
Where T’ is market open on date T. That is, the weights are those in force at market open, which may differ from the
weights at the close of the previous business day because of corporate actions effective on date T.
Dividend Yield Stock level dividend yield is gross annual stock dividend divided by the stock price. Index level dividend yield is gross total
dividends times shares in issue adjusted for free float divided by the index market capitalization. Dividend Yield is reported
as a percentage on a 12 month rolling basis.
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Further information
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