No change to Straits Times Index components after June review
THERE are no changes to the constituents of the Straits Times Index (STI) following the June 2021 quarterly review.
The STI reserve list, comprising the five highest-ranking non-constituents of the index by market capitalisation, will be Suntec Reit (real estate investment trust), Keppel Reit, Frasers Centrepoint Trust, NetLink NBN Trust and Mapletree North Asia Commercial Trust.
Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.
FTSE Russell partners with Singapore Press Holdings - which owns The Business Times - and the Singapore Exchange to jointly calculate the STI, Singapore's main stock market benchmark.
The indexes are reviewed quarterly in accordance with the index ground rules and to facilitate the inclusion of eligible initial public offering stocks.
As the STI is used as the basis for a range of financial products including exchange-traded funds, warrants, futures and other derivatives, the FTSE ST methodology ensures that the indexes accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The next review will take place in September 2021.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch