Henry Bremridge on Nostr: npub1g0tuf…3tvm4 Be careful of the FTSE 100 1. It is primarily companies whose head ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) Be careful of the FTSE 100
1. It is primarily companies whose head office is in the UK *not* whose sales/profits are from the UK, I believe 70-80% of sales are non UK
2. Sectoral: please compare https://advisor.visualcapitalist.com/sp-500-sectors-and-industries/ and https://siblisresearch.com/data/ftse-100-sector-weights/
The tech sector is <1% of the FTSE 100 or 27% of the S&P500
https://www.reuters.com/world/uk/shell-miners-lift-ftse-100-ahead-us-jobs-report-2023-01-06/ is also relevant: oil and mining are a large component of FTSE 100
Looking at the FTSE 250 would be better (same story, better reflection of UK)
1. It is primarily companies whose head office is in the UK *not* whose sales/profits are from the UK, I believe 70-80% of sales are non UK
2. Sectoral: please compare https://advisor.visualcapitalist.com/sp-500-sectors-and-industries/ and https://siblisresearch.com/data/ftse-100-sector-weights/
The tech sector is <1% of the FTSE 100 or 27% of the S&P500
https://www.reuters.com/world/uk/shell-miners-lift-ftse-100-ahead-us-jobs-report-2023-01-06/ is also relevant: oil and mining are a large component of FTSE 100
Looking at the FTSE 250 would be better (same story, better reflection of UK)