OREANDA-NEWS. May 13, 2015. As noted on Friday, the FTSE ST Mid Cap Index is made up of the next 50 largest and liquid stocks after the 30 stocks that make up the Straits Times Index (STI) - click here to view more.  The FTSE ST Small Cap Index is  made up of the next largest and liquid stocks after the FTSE ST Mid Cap Index.

The 10 largest constituents of the FTSE ST Small Cap Index also make up the Reserve List for the FTSE ST Mid Cap Index. The constituent stocks must also pass relevant investability criteria such as size, free float and liquidity assessments.

The FTSE ST Small Cap Index is widely diversified, with businesses involved in nine out of 10 sectors categorised by Global Industry Classification Industry (GICS). They are consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and utilities. All the GICS sectors are represented by the 99 stocks except for Telecommunication Services. Financials represents the largest sector, with 27 stocks. The best-performing sector of the Index is the year thus far has been Healthcare, with four stocks generating a 46.7% price gain year-to-date.

The four healthcare stocks in the FTSE ST Small Cap Index – Tianjin Zhongxin Pharmaceutical Group Corporation, Religare Health Trust, Q & M Dental Group (Singapore) and Cordlife Group. They have averaged a year-to-date total return of 46.7%, bringing their one-year total returns to 51.6%. The best performer of the four was Q & M Dental Group, which generated a price gain of 91.6% with dividends boosting the total returns to 92.3%. The stock also maintains a dividend yield of 2.9%.

The chart and table below detail the breakdown of the Healthcare Sector in the FTSE ST Small Cap Index and their respective performances.

Company Name SGX Code Mkt. Cap. S\\$M % Price Change YTD % Change – Div. Adj. YTD % Change – Div. Adj. [1 Year] % Change – Div. Adj. [3 Years] % Div. Yield
Religare Health Trust RF1U 803 1.0 1.0 29.1 - 9.5
Cordlife Group P8A 328 42.1 43.6 6.2 196.3 1.7
Q & M Dental Group (Singapore) QC7 619 91.6 92.3 101.3 162.9 2.9
Tianjin Zhongxin Pharmaceutical Group Corporation T14 3,624 50.0 50.0 69.6 129.3 1.5
      46.2 46.7 51.6 162.8 3.9

Source: SGX (Data as of 8 May 2015)

The 10 largest components of the FTSE ST Small Cap Index have a combined market capitalisation of S\\$8.8 billion and averaged a total return of 6.7% in the year thus far, bringing their one-year total return to 14.1%. The 10 stocks currently maintain an average dividend yield of 7.5%.                                                                    

The table below details these 10 stocks, sorted by their index weight.                              

Company Name SGX Code Mkt. Cap S\\$M % Price Change YTD % Change – Div. Adj. YTD % Change – Div. Adj. [1 Year] % Change – Div. Adj. [3 Years] % Div. Yield

%

Index

Weight

 Primary Sector
Cambridge Industrial Trust J91U 915 5.2 8.9 3.4 58.5 6.8 4.0 Financials
Cache Logistics Trust K2LU 908 0.0 3.7 5.2 39.5 7.3 3.7 Financials
Frasers Commercial Trust ND8U 1,029 6.7 10.2 25.2 92.5 6.1 3.4 Financials
First Real Estate Investment Trust AW9U 1,074 15.5 19.1 33.7 98.0 6.9 3.1 Financials
Accordia Golf Trust ADQU 874 6.0 6.0 - - - 2.8 Consumer Discretionary
Ascendas India Trust CY6U 839 11.0 14.0 25.9 43.2 6.0 2.8 Financials
Ascendas Hospitality Trust Q1P 791 4.4 4.4 2.8 - 10.2 2.6 Financials
Religare Health Trust RF1U 803 1.0 1.0 29.1 - 9.5 2.6 Healthcare
Sabana Shariah Compliant Industrial Real Estate Investment Trust M1GU 612 -10.6 -7.1 -12.9 11.6 7.2 2.6 Financials
Keppel DC REIT AJBU 918 6.7 6.7 - - - 2.5 Financials
Average     4.6 6.7 14.1 57.2 7.5