Credit Bureau Asia added to FTSE Global Micro-Cap Index and FTSE Global Total Cap Index
Singapore, 07 June 2021:
Credit Bureau Asia Limited (“CBA”, “亚洲征信有限公司”, and together with its subsidiaries, the “Group”), a leading player in the credit and risk information solutions market in Southeast Asia, is pleased to announce that it has been included into the FTSE Global Micro-Cap Index and FTSE Global Total Cap Index with effect from the close of business on 18 June 2021.
Mr Kevin Koo, founder and Executive Chairman of CBA, commented: “We are honoured and humbled to be one of two Singapore stocks to be included this round into the special club of index constituent stocks. Being an index constituent stock will allow us to gain more exposure and reach out to a wider base of global investors as we continue on our path of regional expansion and growth.”
The FTSE Global Micro-Cap Index and FTSE Global Total Cap Index are part of the FTSE FTSE Global Equity Index Series (“FTSE GEIS”) which represents the broadest global equity universe, targeting coverage of over 99% of investable market cap globally. The series includes large, mid, small, and micro-cap securities across 49 developed and emerging markets globally. The FTSE GEIS governance process reflects an inclusive approach that is enriched by the insight of industry and market experts around the world. Over $1.7 trillion in assets under management are benchmarked to a FTSE GEIS index, with $1.4 trillion tracking a FTSE GEIS index passively via index-linked investment products.
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About FTSE Russell (www.ftserussell.com)
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group.
The FTSE Global Micro-Cap Index has a US$1.1 trillion net market cap and covers 8,224 stocks, while the FTSE Global Total Cap Index has a $53.7 trillion net market cap and comprises 17,170 large, mid, small & micro-cap stocks. The inclusion into the FTSE Global Micro-Cap Index and FTSE Global Total Cap Index is thus expected to increase the Company’s exposure to global index funds and provide higher trading liquidity.
About Credit Bureau Asia (www.creditbureauasia.com)
CBA is a leading player in the credit and risk information solutions market in Southeast Asia, providing credit and risk information solutions to an extensive client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises and individuals across Singapore, Malaysia, Cambodia and Myanmar. CBA’s business has two core segments, the FI Data Business and the Non–FI Data Business, covering both consumer and commercial credit risk information.
The Group, together with its joint ventures, is currently the dominant market leader in Singapore’s FI Data Business and the sole market player in Cambodia’s and Myanmar’s FI Data Business[2]. Depending on the territory involved, these credit bureaus operate to provide their subscribing members, mainly banks and financial institutions, with access to credit information on consumers or business entities, all of which are generated from up-to-date credit information contributed by subscribing members. As at 30 June 2020, the Group has close to 200 financial institution members across Singapore and Cambodia which include banks, microfinance institutions, leasing companies and rural credit operators.
For its Non-FI Data Business, the Group has more than 6,000 customers (including multinational corporations and small and medium-sized enterprises) and access to a database covering more than 330 million business records globally as at 6 November 2020. CBA’s Non-FI Data Business operates in Singapore and Malaysia, where customers can access a wide range of business information and risk management services, sales and marketing solutions, commercial insights and other services, using data sourced from a variety of publicly accessible registries and Dun & Bradstreet’s extensive international network as well as information contributed by businesses which subscribe to CBA’s payment bureau services..