Friday, November 10, 2017

Fledgling Index Stock

The FTSE ST Fledgling Index is made up of SGX Mainboard-listed stocks that do not meet the size criteria for inclusion in the FTSE ST Small Cap Index. As of May 2017, there were 245 constituents of the Index.
In its weighted form, the FTSE ST Fledgling Index has generated a 12.4% price gain in the 2017 year-to-date while the current 10 biggest weights of the Index have averaged a 16.4% price gain.
However a caveat to the performance of the Index stocks that currently maintain the biggest weights is that with close to 250 constituents, the Index weights can change over time.  So much so, that at the end of 2016, the 10 biggest weights of this Index included not all, but just six of the 10 current biggest weights of the Index.

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