What Does McCormick (MKC) Leaving A Major World Index Mean?

McCormick (NYSE: MKC) has been removed from the FTSE All-World Index, according to the latest index review. The change affects passive funds and ETFs that track the FTSE All-World benchmark and previously held McCormick shares. Index removal can influence trading liquidity for McCormick as index-tracking investors adjust their portfolios. McCormick's exit from the FTSE All-World Index comes alongside other shifts our research has identified in the wider story. We have also flagged 5 other...