FTSE Bursa Malaysia KLCI December semi-annual review
- Two changes to the constituents of the FTSE Bursa Malaysia KLCI
- Seven constituents to be added to FTSE Bursa Malaysia Mid 70 Index
- Three constituents to be added to FTSE Bursa Malaysia Hijrah Shariah Index
FTSE Russell announces that there will be two changes to the constituents of the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series today. Top Glove Corp and AMMB Holdings will replace KLCC Prop & KLCC Reits and Telekom Malaysia in the index.
The index series is reviewed semi-annually in accordance with the index ground rules.
Part of the FTSE Bursa Malaysia Index Series, the FTSE Bursa Malaysia KLCI is widely used by investors as the primary benchmark for the Malaysian market, including derivatives through FTSE Bursa Malaysia KLCI Futures (FKLI), FTSE Bursa Malaysia KLCI Options (OKLI). The benchmarks are also tracked by a number of index-linked financial products, such as exchange traded funds.
The FTSE Bursa Malaysia KLCI reserve list, comprising the five highest ranking non-constituents of the index by market capitalisation, will be Westports Holdings, YTL Corp, Fraser & Neave Holdings, QL Resources and
Lotte Chemical Titan Holding. The reserve list will be used in the event that one or more constituents are deleted from the FTSE Bursa Malaysia KLCI in accordance with the index ground rules during the period up to the next semi-annual review.
As a result of this review, Telekom Malaysia, UMW Holdings, Carlsberg Brewery Malaysia, Aeon (M), Boustead Plantations, Hibiscus Petroleum and Matrix Concepts Holdings have been added to the FTSE Bursa Malaysia Mid 70 Index. Petronas Dagangan Bhd, UMW Holdings and Serba Dinamik Holdings have been added to the FTSE Bursa Malaysia Hijrah Shariah Index. As a result, Top Glove Corp, AMMB Holdings, Gas Malaysia, Hong Leong Industries, MMC, TA Global and Ta Ann Holdings will be deleted from the FTSE Bursa Malaysia Mid 70 Index. Top Glove Corp, IOI Properties Group and Sapura Energy will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.
All constituent changes take effect at the start of business on Monday 24 December 2018 and the next review will take place in June 2019.
FTSE Group and Bursa Malaysia have partnered since 2006 to provide a suite of indexes for the Malaysian Market. Further information on the FTSE Bursa Malaysia Index Series review, including all additions and deletions as well as ground rules, is available at http://www.ftse.com/products/indices/bursa-malaysia.
For further information:
Lucie Holloway/ Alex Ritterman - +44 (0)20 7797 1222
Fennie Wong - +852 2164 3267
Notes to editors:
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
© 2018 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE GDCM”), (4) MTSNext Limited (“MTSNext”), (5) Mergent, Inc. (“Mergent”), (6) FTSE Fixed Income LLC (“FTSE FI”) and (7) The Yield Book Inc. (“YB”). All rights reserved.
FTSE Russell® is a trading name of FTSE, Russell, FTSE GDCM, MTS Next Limited, Mergent, FTSE FI and YB. “FTSE®”, “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®” , “WorldBIG®”, “USBIG®”, “EuroBIG®”, “AusBIG®”, “The Yield Book®”, and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks and/or service marks owned or licensed by the applicable member of the LSE Group or their respective licensors and are owned, or used under licence, by FTSE, Russell, MTSNext, FTSE GDCM, Mergent, FTSE FI or YB. FTSE International Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator.