FTSE SET Index

FTSE SET Index Series

FTSE SET Index Series
FTSE SET Index Series is the result of collaboration between the Stock Exchange of Thailand and FTSE Group – one of the leading index expert in the world. This new series of investible and transparent benchmarks is specially designed to measure the performance of Thai capital market and can be used as a basis for attractive index-linked products that appeal to both local and international investors. FTSE SET Index Series comprises indices segmented as below.
FTSE SET Index Series
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Index nameSymbolDetailsFrequency of Calculation
FTSE SET Large CapIndexFSTHLTop 30 companies on the SET Main Board ranked by full market capitalization, that meet the relevant eligibility requirementsintra-second basis*
FTSE SET Mid Cap Index FHTHMCompanies within the top 90% by full market capitalization on the SET Main Board that are not large enough to feature in the FTSE SET Large Cap Index, that meet the relevant eligibility requirements60 seconds
 FTSE SET Small CapFSTHSCompanies within the top 98% by full market capitalization on the SET Main Board that are not large enough to be constituents of the FTSE SET Large Cap Index or FTSE SET Mid Cap Index, and that meet the relevant eligibility requirements60 seconds
FTSE SET All -Share IndexFSTHAAll companies within the top 98% by full market capitalization on the SET Main Board that meet the relevant eligibility requirements60 seconds
FTSE SET Mid/Small Cap IndexFSTHMSA combination of the companies in the FTSE SET Mid Cap Index and FTSE SET Small Cap Index, that meet the relevant eligibility requirements60 seconds
FTSE SET Fledgling IndexFSTHFThe remaining 2% of companies on the SET Main Board that are too small to be included in the FTSE SET All-Share Index.60 seconds

* intra-second basis: The index will be calculated each time there is a price change

Key summary of FTSE SET Index Series
“Since November 11, 2010, FTSE SET All-Share Industry Indices are End-of-day indices available only and segmented accroding to Industry Classification Benchmark (ICB). They are derived from constituents in the FTSE SET All-Share Index. This indices are included 10 Industry groups, 19 Supersector and 39 Sector indices. These provide investors with a set of tools for deeper analysis of the Thailand market and the opportunity to create sector-specific funds and index-linked products.”

Index Methodology
  1. Adjusted for free-float and cross-holding
  2. Free float criteria for eligible stocks : greater than 15%
  3. Liquidity screening criteria : turnover of at least 0.05% of their shares in issue (after the application of any investability weightings) based on their median daily trade per month in ten of the twelve months prior to the semi-annual review

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Base Date
29 February 2008

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Index Currency
Thai Baht

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Base Value
1000 with 2 decimal points

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Index Review Period
Semi-annually in June and December

FTSE SET Shariah Index
The Stock Exchange of Thailand (SET) and FTSE Group have joined with Yasaar Limited, the leading global Shariah consultancy, to create FTSE SET Shariah Index since 23 April 2009.
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Using the FTSE SET All-Share Index as the base universe, companies are screened against Shariah principles. The index is created for both domestic and international investors looking to invest according to Islamic principles. This index can be used for a wide range of Islamic products including funds, ETFs and other index-linked products.

Currently there are 2 mutual funds using FTSE SET Shariah Index as their benchmark; MFC Islamic Fund (MIF) and MFC Islamic Long Term Equity Fund (MIF-LTF).
Key summary of FTSE SET Shariah Index (FSTSH)
 FTSE SET Shariah Index
Screening Methodology

Based on the FTSE SET All-Share Index , companies are screened against Shariah principles as follow:
Business Activity Screening Initially, companies involved in any of the following activities will be filtered out as non Shariah-compliant:
1) Conventional Finance (non-Islamic Banking, Finance and Insurance, etc.)
2) Alcohol
3) Pork related product and non-halal food production, packaging and processing or any other activity related to pork and non-halal food
4) Entertainment (Casinos, Gambling, Cinema, Music, Pornography and Hotels)
5) Tobacco
6) Weapons, arms and defence manufacturing
Financial Ratios Screening The remaining companies are then further screened on a financial basis. The following financial ratios must be met for companies to be considered Shariah-compliant:
1) Debt is less than 33% of total assets
2) Cash & Interest bearing items are less than 33% of total assets
3) Accounts receivable & cash are less than 50% of total assets
4) Total interest and non compliant activities income should not exceed 5% of total revenue

Base Date 29 February 2008
Base Value1000 with 2 decimal points
Frequency of Calculation   
15 seconds
Index Currency   
Thai Baht
Index Review PeriodSemi-annually in June and December
FTSE4Good Thailand (F4GTH)
The Stock Exchange of Thailand (SET) and FTSE Russell launched the FTSE4Good Thailand Index on July 1, 2026.The index focuses on investable securities in Thailand’s equity market demonstrating robust environmental, social and governance (ESG) standards confidence in the Thai capital market.
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Key summary of FTSE4Good Thailand
  FTSE4Good Thailand
Screening Methodology Based on the FTSE SET All-Share Index, companies are screened against ESG criteria.
Base Date 30 June 2021
Base Value 1,000 with 2 decimal points
Frequency of Calculation 15 seconds
Index Currency Thai Baht
Index Review Period Semi-annually in June and December
The FTSE4Good Thailand Index is constructed using ESG data from two categories, as follows:
  1. ESG data inputs from the FTSE4Good Index Series
    This includes the minimum FTSE Russell ESG Scores, product-related exclusions, and conduct-related exclusions covering companies' business activities and involvement in corporate governance, social, and environmental controversial issues.
    For further details, please refer to Ground Rules for the Management of the FTSE SET Index Series
  2. Conduct-related exclusions from the Stock Exchange of Thailand
    A company will not be eligible for inclusion in the FTSE4Good Thailand Index if it is associated with any of the following issues:
 Controversial issuesDefinition
1Debt payments and debt obligationsThe company has defaulted on debt payments and/or is unable to meet its debt obligations,
as determined by SET under its criteria for posting of signs (CB-Business)
2Bankruptcy, business rehabilitation and liquidationThe company is bankrupt, undergoing business rehabilitation, or in the process of liquidation,
as determined by SET under its criteria for posting of signs (CB – Business)
3A qualified audit opinionThe company’s auditor has:
  1. issued a qualified opinion on the company’s financial position, operating results, or going-concern status in its financial statements for the most recent financial year; and/or
  2. issued a disclaimer of opinion or an adverse opinion on the company’s financial statements in the most recent financial year.
4Unfair related-party transactionsThe company has engaged in unfair related-party transactions for which regulatory authorities have issued investor caution warnings.
5Regulatory and Governance ControversiesThe company has:
  1. been formally indicted or found guilty of an offence by government authorities; and/or
  2. directors or senior executives involved in adverse cases relating to corporate governance issues, social issues, and/or environmental issues as determined by SET based on notices issued by regulatory authorities.
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Disclaimer
Disclaimer
“The FTSE SET Index Series (“Index Series”) is calculated by FTSE International Limited (“FTSE”) in conjunction with the Stock Exchange of Thailand (“SET”) (collectively the “Licensor Parties”). All rights in the Index Series vest in the Licensor Parties. “FTSE” is a trade mark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence. “SET” is a trade mark of SET. Neither the Licensor Parties nor their respective licensors accept any liability (including in negligence) for any loss arising out of use of the Index Series by any person
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