By Jenne Mannion and James Thorneley UK unit trust managers will be forced to underweight the larges...
By Jenne Mannion and James Thorneley UK unit trust managers will be forced to underweight the largest stock in the FTSE 100 index now the Vodafone and Mannesmann merger is on course. The new company will represent 16% of the FTSE 100 and 13% of the FTSE All-Share indices. This weighting may fall by 1.5% if the new company is forced to demerge the Orange part of the business. David McGillveray, UK fund manager at INVESCO, said: "This presents a significant problem for unit trust managers because under the regulations, the maximum percentage of any one stock held can be 10% of the portfo...
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