“The STI represents only a portion of our listed companies, and investor interest in the next tier is growing — partly driven by the EQDP (equity market development programme),” says Chee. “This new index will provide a useful lens to track how the next tier of large and liquid companies are evolving — whether through business model transformation, improved governance or stronger capital management initiatives.”
The Singapore Exchange (SGX) will launch a new index that tracks companies beyond the 30 constituents that make up the benchmark Straits Times Index (STI), says Chee Hong Tat, Minister for National Development and deputy chairman of the Monetary Authority of Singapore (MAS). Chee was speaking at the Singapore Institute of Directors’ (SID) directors conference on Sept 12.
The move is one of the initiatives to drive interest in companies listed on the Singapore bourse.
