With foreign earnings dominating the FTSE100, do we need an index that better reflects the true state of the UK economy? Howard Wheeldon thinks so.
With foreign based earnings of FTSE100 index member stocks already likely in excess of 70% and the probable addition soon of Glencore fanning the flames, it can be argued that the main equity market index is no longer representative of the UK economy. Does that matter? I suppose that when the domestic economy is doing…
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