Large caps sold down in favour of mid caps

HSBC Bank is leading the way among the largest constituents of the FTSE 100 in a market that has bee...

HSBC Bank is leading the way among the largest constituents of the FTSE 100 in a market that has been favouring small and mid-cap companies. The largest five members of the index, BP, HSBC, Vodafone, GlaxoSmithKline and Royal Bank of Scotland, account for 37.7% of the overall blue-chip index. Of these, only HSBC has substantially outperformed, rising 25.17% compared with the FTSE 100's return of 9.2% from the beginning of the year through to the end of August, according to Bloomberg. The others, while posting positive returns, were all low single-digit gains, from Vodafone's 3.07% rise to...