“The iEdge Singapore Next 50 Indices initiative is part of our efforts to build a more vibrant and inclusive stock market ecosystem," says Ng Yao Loong, head of equities at SGX Group. "By showcasing companies beyond the 30 largest, we are helping investors to better capitalise on the full spectrum of opportunities in Singapore’s stock market."
As part of the broader set of measures to improve the local market, the Singapore Exchange has launched two related indices to track the performance of the next 50 stocks outside the flagship 30-stock Straits Times Index, based on size and liquidity.
The iEdge Singapore Next 50 Indices will be available in two variants: one weighted by market capitalisation, the other by liquidity. The benchmark Straits Times Index, or STI, has been around since 1966, is made up of the top 30 blue chips. Indices are used by investors as market benchmarks, and depending on the mandate of the funds, the managers often mirror their holdings according to how indices are made up and refined, and then buy or sell accordingly.
“The iEdge Singapore Next 50 Indices initiative is part of our efforts to build a more vibrant and inclusive stock market ecosystem," says Ng Yao Loong, head of equities at SGX Group. "By showcasing companies beyond the 30 largest, we are helping investors to better capitalise on the full spectrum of opportunities in Singapore’s stock market."
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As part of the broader set of measures to improve the local market, the Singapore Exchange has launched two related indices to track the performance of the next 50 stocks outside the flagship 30-stock Straits Times Index, based on size and liquidity.
The iEdge Singapore Next 50 Indices will be available in two variants: one weighted by market capitalisation, the other by liquidity. The benchmark Straits Times Index, or STI, has been around since 1966, is made up of the top 30 blue chips. Indices are used by investors as market benchmarks, and depending on the mandate of the funds, the managers often mirror their holdings according to how indices are made up and refined, and then buy or sell accordingly.
“The iEdge Singapore Next 50 Indices initiative is part of our efforts to build a more vibrant and inclusive stock market ecosystem," says Ng Yao Loong, head of equities at SGX Group. "By showcasing companies beyond the 30 largest, we are helping investors to better capitalise on the full spectrum of opportunities in Singapore’s stock market."
