Consumer Goods: Ftse Index and Aviva Investors

consumer goods: The proposed move means that Unilever, which makes consumer goods ranging from Marmite to Dove soap, will drop out of the FTSE 100 index, forcing UK tracker funds and those with strict UK investment mandates to sell their holdings, according to The Guardian. David Cumming, the chief investment officer for equities at Aviva Investors, said We are not supportive and we will vote against it. The asset management arm of the insurer Aviva is opposing Unilever's plans to move to a sole headquarters in Rotterdam and incorporate in the Netherlands under a single holding company. It doesn't add any value for us, we lose quite a large company from the index and we don't see any justification for the move. Cumming told BBC Radio 4's Today programme I think they will struggle; I don't see logically why any UK shareholder would support Unilever's decision to go Dutch because there is no upside but there is downside and we lose an excellent company from the index. We would encourage other institutional shareholders to do the same as us. (news.financializer.com). As reported in the news.