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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
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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
Related Info.
FTSE SET Index Value FTSE SET Index Value