ASX:PPTCapital Markets
Perpetual (ASX:PPT) Could Be 11% Undervalued Following FTSE All World Index Removal
Index removal puts Perpetual under a new spotlight
Perpetual (ASX:PPT) has been removed from the FTSE All-World Index in USD terms, an index reshuffle that can prompt selling by passive funds and shift how some investors view the stock.
The index exit comes at a time when Perpetual’s recent momentum has been picking up, with a 1 day share price return of 4.64% and a 90 day share price return of 25.32%. However, its 1 year total shareholder return of 9.91% contrasts with a 5 year total...