Credit Bureau Asia (CBA) has been included into the FTSE Global Micro-Cap Index and the FTSE Global Total Cap Index, effective from the close of business on June 18.
The FTSE Global Micro-Cap Index and FTSE Global Total Cap Index are part of the FTSE Global Equity Index Series (GEIS) which tracks 16,000 large, mid, small, and micro cap securities across 49 developed and emerging markets globally.
See also: Broker's Digest: Dairy Farm, Hongkong Land, AEM Holdings and Credit Bureau Asia
Over $1.7 trillion in assets under management are benchmarked to a FTSE GEIS index, with $1.4 trillion tracking a FTSE GEIS index passively via index-linked investment products.
Kevin Koo, founder and executive chairman of CBA, says the group is humbled to one of two Singapore stocks to be included in the latest round of additions to the indices. “Being an index constituent stock will allow us to gain more exposure and reach out to a wider base of global investors as we continue on our path of regional expansion and growth,” he says.
As at 10.01am, shares in CBA are up 3 cents or 2.4% higher at $1.28.
