The S&P Southeast Asia 40 Index is designed to provide exposure to 40 leading companies from the emerging markets of Indonesia, Malaysia, the Philippines and Thailand through liquid stocks trading on the primary exchange of those countries.
Indonesia, Malaysia, the Philippines and Thailand have been labeled by some as the Southeast Asia Tigers, in contrast to the original Asia Tigers – Hong Kong, Singapore, South Korea and Taiwan. The term “Tiger” has often been used to describe countries that have experienced strong economic growth as well as high levels of exports. These countries of Southeast Asia remain less developed than the original Asia Tigers and are expected to have high levels of growth in the future.
Index constituents exhibit the following characteristics:
- Weighting –Modified capitalization
- Market Capitalization –Minimum of US$ 500 million
- Liquidity –3-month average daily value traded above US$ 1 million
- Domicile –Listed companies Indonesia, Malaysia, the Philippines or Thailand
- Reconstitution –Annual
Index Governance and Policy
The index is maintained by the S&P Index Committee, whose members include Standard & Poor's economists, and index analysts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index.
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