BANGKOK, March 18 (Xinhua) -- The Stock Exchange of Thailand (SET) will launch SET Well-Being Index (SETWB), a new index consisting of listed securities in well-being related sectors which are key contributors of the Thai economic growth, according to a statement on its website released on Monday.
The defined well-being related sectors which are key contributors of the Thai economic growth include agribusiness, commerce, fashion, food and beverage, health care service, tourism and leisure, transportation and Logistics.
The index is said to allow investors to benefit growth potential of these promising sectors.
SET Senior Executive Vice President Rinjai Chakornpipat, quoted by statement, said SETWB will reflect the performance of highly competitive securities which are instrumental to GDP, generating wealth to the Thai people and the country. The new index is expected to encourage a development of new products, tracking SETWB such as ETF and mutual fund.
This new index is scheduled to launch on April 1, 2019 and to be reviewed every six months.
The top 30 stocks which are qualified and have highest market capitalization will be used in the calculation in SETWB, while the stocks ranking the 31st to the 35th by market value will be placed on a reserve list.
In addition, SET will cap the maximum weight of each constituent in SETWB to 10 percent in each quarter.
The calculation for the first set of SETWB Index will be based on information from Dec. 1, 2017 to Nov. 30, 2018.
