THERE will be no changes to the constituents of the Straits Times Index (STI) following the December quarterly review. 

There are, however, changes to the STI reserve list, a joint press release from the Singapore Exchange, SPH Media Trust and FTSE Russell said on Thursday (Nov 30). 

The new entrant is palm oil producer Golden Agri-Resources : E5H 0%, which replaces Keppel Reit : K71U 0% (see amendment note).

Golden Agri joins four other counters on the reserve list. These are: CapitaLand Ascott Trust : HMN 0%, Frasers Centrepoint Trust : J69U 0%, Keppel DC Reit : AJBU 0% and Suntec Reit : T82U 0%. 

Stocks on the reserve list will replace any constituent stocks that become ineligible as a result of corporate actions before the next review. 

All changes announced on the back of the latest review take effect at the start of business on Dec 18. The next review will take place in March next year. 

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The indices are reviewed quarterly in accordance with the index ground rules and to facilitate the inclusion of eligible stocks that have done an initial public offering. 

The FTSE ST methodology ensures that the indices accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.

*Amendment note: An earlier version of the story incorrectly stated that there were five new entrants to the STI Reserve List. The story has been updated to reflect that the only new entrant to the list is Golden Agri-Resources. .