(Updated)

Bursa announces 21 new constituents for both F4GBM and F4GBMS indices

Photo by Low Yen Yeing/The Edge

Photo by Low Yen Yeing/The Edge

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KUALA LUMPUR (Dec 13): Bursa Malaysia on Tuesday (Dec 13) announced 21 new constituents for both the FTSE4Good Bursa Malaysia (F4GBM) Index and the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index.

In a statement, the exchange said the F4GBM Index, which was launched in December 2014 with 24 constituents, measures the performance of public listed companies (PLCs) demonstrating strong environmental, social and governance (ESG) practices.

It said the F4GBM Index constituents are drawn from companies in the FTSE Bursa Malaysia EMAS Index, comprising PLCs from across the small, medium and large market capitalisation segments.

On the other hand, the F4GBMS Index was launched in July 2021 with 54 constituents, and is designed to track constituents in the F4GBM that are shariah-compliant, in accordance with the Shariah Advisory Council's screening methodology.

Both indices are reviewed semi-annually in June and December against international benchmarks.

For the latest review period of December 2022, there are 21 new constituents and 10 deletions for the F4GBM Index, bringing the total number of constituents to 98, continuing the index’s year-on-year increase since its inception in 2014.

Separately, the 21 new constituents and seven deletions for the F4GBMS Index will result in the index having 79 constituents.

All constituent changes will take effect at the start of business next Monday (Dec 19).