FTSE Russell launches Singapore consumer goods & services indices

Mar 21st, 2017 | By | Category: ETF and Index News

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FTSE Russell has launched two new indices tracking firms listed on Singapore Exchange and operating in the consumer goods and services industries. The indices may serve as the underlying for future investment products, including ETFs.

FTSE Russell launches Singapore consumer goods & services indices

The FTSE ST Consumer Goods & Services Index tracks large, mid and small caps listed on the Singapore Exchange that are operating in either the consumer goods or the consumer services industries.

The FTSE ST Consumer Goods & Services Index tracks constituents from the parent FTSE ST All-Share Index (comprising large, mid and small cap companies) that are operating in either the consumer goods or the consumer services industries.

The FTSE ST Consumer Goods & Services Liquid 20 Index comprises 20 companies within the FTSE ST Consumer Goods & Services Index which score the highest on additional liquidity screening rules.

The indices are reviewed and rebalanced bi-annually in March and September, with a company weighting cap of 10%. In addition, a quarterly review is conducted to fast-track the inclusion of eligible IPO stocks.

As of 31 January 2017, the FTSE ST Consumer Goods & Services Index has 27 constituents with the top ten making up 89.3% of the index’s total market capitalization. The largest constituent is Thai Beverage at 16.0%.

The FTSE ST Consumer Goods & Services Liquid 20 Index has broadly similar exposures with the top ten constituents accounting for 86.1% of the total market capitalization of the index. The largest constituent is Wilmar International (10.8%).

According to FTSE Russell, the indices were created to “help meet increasing investor demand for sector-specific analytical and benchmarking tools.”

For those investors wanting a broader market exposure, the headline FTSE Straits Times Index, tracking the performance of the 30 largest stocks on the Singapore Stock Exchange, is widely followed by investors as the benchmark for the Singapore market and is used as the basis for a range of local financial products including ETFs.

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