Wednesday, March 09, 2011

Global Logistic Properties included into STI; SMRT removed?

The FTSE ST Advisory Committee is expected to announce the results of its index review Thursday, with any changes taking effect at market close March 18. Nomura believe the review could feature one addition, Global Logistic Properties (MC0.SI) and one deletion, SMRT (S53.SI).

One benefit of inclusion into a benchmark index for example the STI can see an increased fund participation. The selling impact on SMRT could be around US$1.1 million if this switch materialise.

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