Today (June 24), The Stock Exchange of Thailand (SET) officially launched FTSE SET Index Series to benefit both domestic and foreign investors and support development of new financial products.
“The creation of index-linked products has been popular in various capital markets, especially in Asia. In Thailand, fund-managers are increasingly demanding access to tradable and benchmark indices for portfolio management. The FTSE SET Index Series is part of SET’s strategy to furnish the Thai capital market with internationally-recognized benchmark indices as well as to provide innovative investment products and services for local and foreign investors. This is yet another competitiveness-enhancing measure for the Thai capital market,” said SET President Patareeya Benjapolchai.
FTSE SET Index Series is the result of collaboration between the Exchange and FTSE International under the FTSE Group, a world-leader in the creation and management of indices. The product, specifically tailored for the Thai capital market, consists of six separate indices:
(1) FTSE SET Large Cap,
(2) FTSE SET Mid Cap,
(3) FTSE SET Small Cap,
(4) FTSE SET Mid/Small Cap,
(5) FTSE SET All-Share and
(6) FTSE SET Fledgling, SET Senior Vice President Santi Kiranand said.
FTSE SET Large Cap Index, calculated every 15 seconds, is a tradable index which can be used as an underlying asset for financial products. All other FTSE SET indices are calculated every 60 seconds and are benchmark indices for portfolio management, measuring the performance of listed companies in the Thai stock market. FTSE SET Index Series is fundamental in supporting transactions made on the Thai market,” Mr. Santi added.
The product uses February 29, 2008 as its base date, starting at 1,000.00 points. Index constituents will be reviewed in June and December each year by the index advisory committee.
Information on the series has been available at the Exchange’s website, www.set.or.th, and Settrade.com’s www.settrade.com since April 2008.
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