FTSE Group (“FTSE”), the award-winning global index provider, and the Stock Exchange of Thailand (“SET”) have announced that Indorama Ventures Public Company Limited will replace Minor International Public Company Limited in the FTSE SET Large Cap Index following the semi-annual review concluded by the FTSE SET Advisory Committee today.
The FTSE SET Large Cap Index is used as the basis of financial products including the ThaiDEX FTSE SET Large Cap ETF (TFTSE), derivatives and for benchmarking. The indices are reviewed semi-annually by the independent FTSE SET Index Advisory Committee in accordance with transparent and publicly available index ground rules. The reviews ensure that the indices accurately reflect the market they represent. This is essential as the indices are used to benchmark investment portfolios and as the basis of index-linked products.
Other indices in the FTSE SET Index Series were also reviewed. A summary of the constituents changes are as follows.
Indices |
Additions |
Deletions |
FTSE SET Large Cap Index |
1 |
1 |
FTSE SET Mid-Cap Index |
5 |
2 |
FTSE SET Small-Cap Index |
10 |
5 |
FTSE SET All-Share Index |
16 |
8 |
FTSE SET Fledgling Index |
7 |
6 |
FTSE SET Shariah Index |
16 |
6 |
Full details of additions and deletions can be found at http://www.ftse.com/Indices/FTSE_SET_Index_Series/Index_Reviews.jsp .
There will also be an additional change to the FTSE SET Large Cap index as a result of corporate action which happened after the review cut off dates. Thai Union Frozen Products will replace Siam City Bank in the FTSE SET Large Cap Index, following confirmation that the cash acquisition of Siam City Bank by Thanachart Capital complies with the index ground rules. For more information on this corporate action, please visit http://www.ftse.com/Indices/FTSE_SET_Index_Series/Index_Changes.jsp
All constituent changes, including the corporate action change, take effect on 21 June 2010. The next review will take place on 13 December 2010.
Further information on the FTSE SET Index Series including ground rules is available at http://www.ftse.com/thailand and www.set.or.th.
To understand the changes to portfolios as a result of the index review and corporate action, please visit www.ftse.com/asiaresearch