Groupe Eurotunnel has now been included in the FTSE All-World and FTSE Medium Cap indices following its September 7 updates. The changes took place from close of business on Friday (September 16).
The operator of the Channel Tunnel, a popular route for crosschannel coaches, is currently listed both at Euronext Paris (GET) and at the London Stock Exchange (GETS). It said the announcement, made in London, is recognition of Eurotunnel’s performance and its ability to meet the highest standards in the financial sector.
The FTSE All World is important because the Index fund managers who track the performance of FTSE All Word Europe index will rebalance their portfolios on this basis at the close on September 16. The FTSE MediumCap is a reference for international mid capitalisations.
“The FTSE indices are acknowledged for their depth and breadth; they help investors to conduct their trades transparently and to compare their performance against both the market and other reference stocks,” said Eurotunnel. “The FTSE indices reflect market trends and track the progress of a portfolio containing a wide variety of international businesses.” Groupe Eurotunnel is also listed on other indices on the NYSE Euronext and MSCI, the principle amongst which are:
- The CAC Next 20, which lists the 20 most significant stocks (in terms of market capitalisation and liquidity) after the stocks on the CAC 40.
- The SBF 120, which lists the 120 largest and most liquid French quoted stocks.
- The MSCI Global Standard and MSCI Growth indices, which give exhaustive coverage to companies around the world with medium and large capitalisations, together with companies with strong growth potential.