No Changes to Straights Times Index (STI) after Quarterly Review
March 06, 2014 --
Hong Kong / Singapore, Mar 6, 2014 - (ACN Newswire) - Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today that constituents of the Straits Times Index (STI) will be unchanged following the conclusion of its quarterly review.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Ascendas Real Estate Investment Trust, Keppel Land, UOL Group, Yangzijiang Shipbuilding Holdings and CapitaCommercial Trusts. Companies in 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 in Appendix 1.
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), futures, warrants and other derivatives.
Several changes were made to other indices in the FTSE ST Index Series. Full details of all deletions and additions can be found under the Index Reviews section at www.ftse.com/st.
All changes from this review will take effect from the start of trading on 24 March 2014. The next review is scheduled for 5 June 2014.
The indices are reviewed half-yearly by the independent FTSE ST Index Advisory Committee, 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 indices accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.
STI Constituents -
DBS Group Holdings
Global Logistic Properties
Hongkong Land Holdings
Hutchison Port Holdings Trust
Jardine Cycle & Carriage
Jardine Matheson Holdings
Jardine Strategic Holdings
Singapore Press Holdings
Singapore Technologies Engineering
United Overseas Bank
Wilmar International Limited
About Singapore Press Holdings Ltd
Main board-listed Singapore Press Holdings Ltd (SPH) is Asia's leading media organisation, engaging minds and enriching lives across multiple languages and platforms. SPH has 19 titles licensed under the Newspaper Printing and Presses Act, of which nine are daily newspapers across four languages, and over 100 magazine titles in Singapore and the region. On an average day, - 3.05 million individuals or 76 percent of people above 15 years old, read one of SPH's news publications. SPH's internet editions of its major newspapers enjoy over 400 million page views with 20 million unique visitors each month. Other new media initiatives include AsiaOne, omy.sg, ST701, Stomp and The Straits Times RazorTV. SPH has also ventured into book publishing, broadcasting, out-of-home advertising and properties. For more information, please visit www.sph.com.sg.
About FTSE Group
FTSE is a global leader in indexing and analytic solutions. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world. FTSE indices are used extensively by market participants worldwide for investment analysis, performance measurement, asset allocation and hedging. Leading pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSEs indices to create world-class ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices.
A core set of universal principles guides FTSE's index design and management: FTSE's transparent rules-based methodology is overseen by independent committees of leading market participants, focused on applying the highest industry standards in index design and governance. The foundation of FTSEs global, regional, country and sector indices is the FTSE Global Equity Index Series, which includes the flagship FTSE All-World Index.
FTSE is well known for index innovation and customer partnerships as it seeks to continually enhance the breadth, depth and reach of its offering. FTSE is wholly owned by London Stock Exchange Group. For more information visit www.ftse.com.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with more than 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a peerless Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.
Source: Singapore Exchange (SGX)
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