No change to Straits Times Index components after June review

Published Thu, Jun 3, 2021 · 08:19 PM

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.