London fears for its future as companies defect to Wall Street | CNN Business

London is used to punching well above its weight in global financial markets. For years, the London Stock Exchange attracted an outsized share of investor capital relative to the size of the UK economy, reflecting the international nature of its listed companies. In 2000, UK-listed equities made up 11% of the MSCI World Index — which tracks more than 1,500 companies that account for the vast majority of the global stock market by value — according to Citigroup.

Flutter\n \n said it believed a US listing would provide “access to much deeper capital markets, and to new US domestic investors.” The value gap between the two markets is stark. The MSCI United Kingdom Index, which tracks 80 of the biggest UK-listed companies, now trades at a nearly 40% discount to the 625-strong US MSCI Index, according to researchers at Citi.

Instead of trying to beat US in its game in attracting the smartest people and the best companies, UK chose to become a poorer, irrelevant country and a sidekick of the US!

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