[ad_1]
Staff Reporter
,
Singapore
Photo from SGX
STI constituents, on the other hand, were unchanged.
Following its September quarterly review, FTSE Russell announced that there will be no changes to the constituents of the Straits Times Index (STI).
If and when there are constituents that become ineligible as a result of corporate actions before the review in December 2023, stocks on the reserve list will replace them.
As of September, Olam Group will no longer be part of the STI reserve list and will be replaced by Keppel REIT.
Joining Keppel REIT in the reserve list are CapitaLand Ascott Trust, Frasers Centrepoint Trust, Keppel DC REIT, and Suntec REIT.
FTSE Russell, STI’s administrator, said indexes undergo a quarterly review in accordance with the index ground rules and to facilitate the inclusion of eligible IPO stocks.
The administrator said its review also ensures that the index “accurately represents the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.”
Join Singapore Business Review community
Since you’re here…
…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!
[ad_2]
Source link