The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Hutchison Port Holdings Trust, Keppel Land, Ascendas Real Estate Investment Trust, UOL Group and CapitaCommercial Trust. Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.
The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis of 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 including the FTSE ST Maritime and FTSE ST Catalist indices. In the FTSE ST China Top Index, China Minzhong Food Corporation will replace China Aviation Oil Singapore Corporation. Full details of all deletions and additions can be found under the Index Reviews section at www.ftse.com/st.
In September 2012, the FTSE ST Index Advisory Committee approved the introduction of actual free float (rounded up to the next 1%) in the FTSE ST Index Series to limit unnecessary turnover. This change will take effective on the same date of the review changes.
All changes from this review will take effect from the start of trading on 18 March 2013. The next review is scheduled for 6 June 2013.
The indices are reviewed quarterly by the independent FTSE ST Index Advisory Committee, in accordance with the index ground rules. 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.
For more information about the STI and FTSE ST Index Series including index ground rules, please visit www.ftse.com/st.
STI Constituents:
CapitaLand Ltd
CapitaMall Trust
CapitaMalls Asia Ltd
City Developments Ltd
ComfortDelgro Corp Ltd
DBS Group Holdings Ltd
Fraser and Neave Ltd
Genting Singapore PLC
Global Logistic Properties Ltd
Golden Agri-Resources Ltd
Hongkong Land Holdings Ltd
Jardine Cycle & Carriage Ltd
Jardine Matheson Holdings Ltd
Jardine Strategic Holdings Ltd
Keppel Corp Ltd
Noble Group Ltd
Olam International Ltd
Oversea-Chinese Banking Corp Ltd
SembCorp Industries Ltd
SembCorp Marine Ltd
SIA Engineering Co Ltd
Singapore Airlines Ltd
Singapore Exchange Ltd
Singapore Press Holdings Ltd
Singapore Technologies Engineering Ltd
Singapore Telecommunications Ltd
Starhub Ltd
Thai Beverage PCL
United Overseas Bank Ltd
Wilmar International Ltd
Jointly issued by: Singapore Press Holdings Limited, Singapore Exchange Limited, FTSE International Limited.
About Singapore Press Holdings Ltd
Main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia's leading media organisation, engaging minds and enriching lives across multiple languages and platforms. It publishes 18 newspaper titles in 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 270 million page views with 18 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 Group (FTSE) is a world leader in the provision of global index and analytical solutions. FTSE calculates indices across a wide range of asset classes, on both a standard and custom basis. FTSE indices are used extensively by investors worldwide for investment analysis, performance measurement, asset allocation, portfolio hedging and the creation of index derivatives, funds, Exchange Traded Funds (ETFs), and other structured products. FTSE has built an enviable reputation for the reliability and accuracy of our indices and related data services. FTSE has a long tradition of listening and responding to the market so that it is at the forefront of developing new approaches to index design, many of which are now accepted as the market standard. FTSE prides itself in continuing to invest significant resources in researching and developing new index solutions.
The foundation for FTSE,s global, regional, country and sector indices is the FTSE global equity universe, which covers over 7,400 securities in 47 different countries and captures 98% of the world's investable market capitalization. FTSE's flagship global benchmark, the FTSE All-World Index, is used by investors worldwide to structure and benchmark their international equity portfolios. Exchanges around the world have chosen FTSE to calculate their domestic indices. These include ATHEX, Bolsas y MercadosEspanoles, BorsaItaliana, Bursa Malaysia, Casablanca SE, Cyprus Stock Exchange, IDX, JSE, LSE, NASDAQ Dubai, NYSE Euronext, PSE, SGX, Stock Exchange of Thailand and TWSE. In addition, FTSE works with a variety of companies and associations to deliver innovative index solutions which provide the market with fresh opportunities. FTSE is an independent company 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 internationalised 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 futures market, 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)
Contact:
SPH Chin Soo Fang Corporate Communications & CSR Tel: +65 6319 1216 Email: soofang@sph.com.sg SGX Loh Wei Ling Communications Tel: +65 6236 8157 Email: weiling.loh@sgx.com FTSE Group Emily Mok Tel: +852 2164 3219 Email: media@ftse.com
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