FTSE Group has licensed the Straits Times Index (STI) to ….
DBS Asset Management (DBSAM) to be used as the basis of an Exchange Traded Fund (ETF) which listed on the Singapore Exchange (SGX) on 25 February 2009. This is the third time the STI has been licensed as the underlying index for a Singapore focused ETF since it was revamped in January 2008 in partnership with Singapore Press Holdings (SPH) and SGX. In addition to the ETFs already listed, the FTSE-calculated STI has also been licensed as the underlying index for warrants, futures and other index-linked products.
Designed to represent the performance of the Singapore market in real time, the 30 stock STI adopts FTSE’s globally accepted methodology standards and is governed by a clear and transparent set of ground rules. It is these features which meet the needs of domestic and international investors and make the index easy to trade for product issuers, thereby stimulating creation of index-linked products.
FTSE indices are increasingly selected by the investment community as the basis of ETFs and today’s fund joins a successful and rapidly growing family of over 130 FTSE index-linked ETFs available to investors on exchanges worldwide.
Source: ETFWorld.com – FTSE Group
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