Evaluation of the effect of FTSE restructuring their indexes, specifically the FTSE All-Share Index, to better reflect the underlying free float reveals that index changes will be minor in the United Kingdom. The dearth of restricted holdings in the U.K. market should minimize the turnover and trading costs associated with FTSE’s change over to free-float weightings. In addition, FTSE’s banding system for implementing the free-float weights is expected to result in lower turnover and trading costs than that of MSCI.