Straits Times Index (STI) quarterly review - March 2023
The STI reserve list will comprise (in alphabetical order) CapitaLand Ascott Trust, Frasers Centrepoint Trust, Olam Group, Sembcorp Marine and Suntec REIT. Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review. A full list of STI constituents can be found on the website.
All constituent changes take effect at the start of business on 20 March 2023 and the next review will take place in June 2023. The indexes are reviewed quarterly in accordance with the index ground rules and to facilitate 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.
FTSE Russell has partnered with SPH Media Trust, publisher of The Straits Times newspaper, and Singapore Exchange (SGX Group) to jointly calculate Singapore’s main stock market benchmark. The 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 is the index administrator.
Further information on the FTSE ST Index Series, including all additions and deletions as well as ground rules, is available at www.ftserussell.com/products/indices/SGX-ST
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