Vanguard shift may weigh Singapore banks: DBS Vickers

The Singapore stocks most negatively affected by US mutual-fund giant Vanguard shifting to FTSE from MSCI as its benchmark provider are the banks as their FTSE weightings are lower, DBS Vickers says.

Keppel Corp. (BN4.SG) and SingTel (Z74.SG) will also be negatively affected, the house says. “Beneficiaries are stocks like CapitaCommercial Trust (C61U.SG), Venture Corp. (V03.SG), Singapore Post (S08.SG) and SMRT (S53.SG), which are FTSE component stocks but not included in MSCI Singapore Index.”