India Stocks That May Benefit From FTSE’s Semi-Annual Index Rebalancing
Indian equities are likely to witness inflows of around $800-900 million as rebalancing of the FTSE All World Index takes place today, according to Edelweiss Alternate Research.
Future Retail Ltd. will be the sole deletion from the index.
“As per our best understanding and past precedence, we believe FTSE benchmarked fund managers will buy RIL Partly Paid shares as part of the rebalance, though we await more clarity on the treatment,” the note from Edelweiss said. The brokerage expects the partly paid shares of the index heavyweight to see inflows of $165 million.