► Subscribe to FT.com here: http://on.ft.com/2eZZoLI<br /><br />The FT’s Jonathan Eley explains why recent underperformance of Scottish shares wouldn’t advocate the return of a stock exchange should Scotland vote for independence. Gains or losses in listed Scottish companies are predominantly due to extrinsic factors.<br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
