Four ITs fall from index

winterflood says share prices will plummet as FTSE small-cap index loses investment trusts

At least four investment trusts are likely to be relegated from the FTSE Small Cap index this week leaving shareholders nursing losses as share prices plummet. Henderson Strata, Finsbury Technology and Charter Pan-European look likely to be relegated due to their size, according to analyst Winterflood Securities. The cut-off between the Small Cap and Fledgling indices is likely to be £72.8m it estimates, compared to £61.38m last year due to movements in the index. However, stocks must be 15% above or below the threshold to be either promoted or regulated. Others likely to go down include...