New FTSE ST indexes capture Singapore’s consumer goods and services sector
- Indexes will track SGX-listed companies operating in the consumer goods and services sector
- FTSE ST Consumer Goods & Services Liquid 20 Index will track the most liquid companies in the sector
- Index constituents will come from the FTSE ST All Share Index
- Meets investor demand for specific benchmarking tools
FTSE Russell, the global index and data provider, announces the launch of two new indexes tracking firms operating in the consumer goods and services index and listed on Singapore Exchange (SGX). The FTSE ST Consumer Goods & Services Index comprises the constituents in either the Consumer Goods or the Consumer Services Industries (ICB code 3000 or 5000) under the FTSE ST All-Share Index. The FTSE ST Consumer Goods & Services Liquid 20 Index comprises the most liquid stocks in the sector.
At launch, the constituents* of the FTSE ST Consumer Goods & Services Liquid 20 Index are, in alphabetical order, Accordia Golf Trust, Asian Pay Television, Best World International, ComfortDelGro, First Resources Ltd, Genting Hong Kong, Genting Singapore, Golden Agri-Resources, Japfa, Jardine Cycle & Carriage, Olam International, OUE, Rowsley, Sheng Siong Group, Singapore Airlines, Singapore Press Holdings, Sino Grandness Food Industry Group Ltd, Super Group, Thai Beverage, Wilmar International Limited. The maximum weighting of each company in this index will be capped at a maximum weighting of 10% at review.
The indexes are a subset of the FTSE ST All-Share Index and help meet increasing investor demand for sector-specific analytical and benchmarking tools. The headline index, the Straits Times Index (STI), is widely followed by investors as the benchmark for the Singapore market and is used as the basis for a range of financial products including Exchange Traded Funds (ETFs), warrants, futures and other derivatives. FTSE Russell has partnered with Singapore Press Holdings (SPH), publisher of The Straits Times newspaper, and SGX to jointly calculate Singapore’s main stock market benchmark. FTSE Russell is the index administrator.
The indexes are reviewed half-yearly in accordance with the index ground rules and reviewed quarterly to fast-track the inclusion of eligible IPO stocks. The FTSE ST methodology ensures the indexes accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.
Further information on the FTSE ST Index Series, including all additions and deletions as well as ground rules, is available at http://www.ftse.com/products/indices/SGX-ST
* Constituents of the index as of 20 March 2017, following implementation of the March quarterly review
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For further information:
Ed Clark +44 (0)20 7797 1222
Hong Kong: Fennie Wong +852 2164 3267
Sydney: Laura McCrackle +61 2 8823 3526
Notes to editors:
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