FTSE Russell adds Frasers Centrepoint Trust to STI constituents

FCT will mark its STI entry on 18 March.

Following its March quarterly review, FTSE Russell added Frasers Centrepoint Trust (FCT) to the Straits Times Index (STI) constituents.

FCT will replace Emperador in the index on 18 March.

With FCT’s inclusion in the STI, the reserve list will now comprise CapitaLand Ascott Trust, ComfortDelGro, Keppel DC REIT, Keppel REIT, and Suntec REIT. 

If and when there are constituents that become ineligible as a result of corporate actions before the review in June 2024, stocks on the reserve list will replace them.

“We are delighted that FCT will be included as a constituent of the STI, the benchmark index of the 30 largest listed companies on the Singapore Exchange. This is an important milestone in FCT’s growth journey and we are confident that this will further enhance FCT’s profile among the investors in Singapore and globally,”  Richard Ng, CEO of FCT’s Manager, said.

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.”