News: STI Index

STI Index

STI Index: Straits Times Index (STI): 3.551% VALUE: 2,888.430 SGD FTSE Straits Times Index (STI:IND): The STI was again revamped and relaunched in January 2008. As part of a new partnership between SPH, SGX and FTSE, the number of constituent stocks was reduced from about 50 to 30 and the index was re-calculated using FTSE's methodology.[3] Besides the STI, the partners also developed a family of indices including the FTSE ST Dividend Index, FTSE ST China Top tradable index, FTSE ST Catalist Index and FTSE ST Maritime Index as well as 19 Supersector and 39 Sector indices. For the purposes of computing the indices, stocks are classified using the Industry Classification Benchmark (ICB).
The family tree of the FTSE ST Index Series
    FTSE ST All-Share Index
        Straits Times Index
        FTSE ST Mid Cap Index
        FTSE ST Small Cap Index
        FTSE ST China Index
            FTSE ST China Top Index
        FTSE ST Maritime Index
        FTSE ST All-Share Industry Indices (10)
            FTSE ST All-Share Supersector Indices (19)
                FTSE ST All-Share Sector Indices (39)
            FTSE ST Real Estate Index
                FTSE ST Real Estate Investment & Services Index
                FTSE ST Real Estate Investment Trusts Index
    FTSE ST Fledgling Index

The creation of the FTSE ST Index Series was intended to facilitate the creation of financial products such as institutional and retail funds, exchange traded funds (ETFs), derivatives contracts and other index-linked products.There are currently two ETFs listed on the SGX that track the STI: the SPDR Straits Times Index ETF (formerly known as the streetTRACKS Straits Times Index Fund).(managed by State Street Global Advisors) and the DBS Singapore STI ETF.

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