A new exchange-traded fund (ETF) based on Singapore's Straits Times Index (STI) listed on February 25 on the Singapore Exchange (SGX). London-based index provider FTSE Group licensed the STI to DBS Asset Management for use as the basis of the ETF.
This is the third time the STI has been licensed as the underlying index for a Singapore focused ETF since it was revamped in January 2008 in partnership with Singapore Press Holdings (SPH) and SGX.
The STI has also been licensed as the underlying index
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