OREANDA-NEWS. The FTSE ST Small Cap Index comprises small-cap stocks not covered by the FTSE ST Large & Mid Cap Index, and represents approximately 12% of market capitalisation on the Singapore Exchange.

The 10 largest components of the FTSE ST Small Cap Index have a combined market capitalisation of S$8.6 billion. They averaged a total return of 3.6% in the January-June 2016 period, outperforming the benchmark MSCI World Small Cap Index, which declined 2.4% over the same period in Singapore dollar terms. 

Manulife US REIT, which listed on SGX on 20 May, is the ninth-largest component stock in the FTSE ST Small Cap Index with a 3.4% weighting. Its total return is calculated using the period 20 May-30 June. 

Among the 10 largest components, the five best performers in the Jan-June period were: Yoma Strategic Holdings (+20.4%), Ascendas India Trust (+17.2%), Lippo Malls Indonesia Retail Trust (+15.1%), First REIT (+7.8%), and Frasers Commercial Trust (+4.5%).

Among these 10 stocks, the five constituents that maintained the highest dividend yields were: Asian Pay TV Trust (12.3%), Cache Logistics Trust (9.5%), Lippo Malls Indonesia Retail Trust (9.5%), Cambridge Industrial Trust (8.1%), and Frasers Commercial Trust (7.7%). These five averaged a yield of 9.4%.

These five best-yielding component stocks of the FTSE ST Small Cap Index are also among the constituents with the highest weightings. Together, they account for nearly 20% of the Index’s weight.

The table below details the 10 largest constituents of the FTSE ST Small Cap Index, sorted by index weighting.