SINGAPORE

New FTSE ST Supersector and Sector Indices boost market analysis

Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today the launch of new Supersector and Sector indices to complement the family of FTSE Straits Times (ST) Indices which…

 


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includes the Straits Times Index (STI). This will provide investors with the most comprehensive set of tools available for in-depth analysis of the Singapore market.

Similar to the existing indices, these new sets of indices are based on the Industry Classification Benchmark (ICB), which has been adopted extensively by exchanges, investors and institutions to become the global standard in sector classification of stocks. The ICB classification structure allows for a deeper understanding of market drivers and facilitates cross-border analysis so investors can make like-for-like comparisons of specific industries and sectors between Singapore and other markets. The new indices can also be used as the basis for sector-specific funds and other index-linked products to execute sector-based investment strategies.

With this introduction, there are now 19 Supersector and 39 Sector indices based on the FTSE ST All-Share universe bringing the total number to 77 indices.

Subscribers of the FTSE ST Index Series will enjoy extra benefits with the new indices being added to the existing data package. A full list of the Industry, Supersector and Sector indices can be found in the Appendix.

Source: ETFWorld – FTSE


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