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FTSE ADJUSTMENT FOR DIVIDENDS IS WRONG


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Just been paid 0.86 points for the dividend adjustment on FTSE Index. Should be more even if the special dividend for Glencore is excluded. Unclear why this would be the case as Glencore will fall tomorrow by the total dividend payment (if value is not to be destroyed or created) so the FTSE Index will be impacted similarly. Please could you confirm what the case is and why. 

Ex-Dividend Date Epic Name Dividend Index Adjustment
31-Aug-23 GLEN Glencore $0.22 7.66
31-Aug-23 CRDA Croda International 47p 0.26
31-Aug-23 EDV Endeavour Mining $0.4 0.23
31-Aug-23 GLEN Glencore $0.08 2.78
31-Aug-23 IHG InterContinental Hotels Group $0.483 0.24
31-Aug-23 ANTO Antofagasta $0.117 0.12
  Total: 11.28
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