In Singapore, the benchmark index is the Straits Times Index (STI). A benchmark index of a country usually refers to the largest and most liquid stocks listed on its stock market. The Straits Times Index STI is a major stock market index which tracks the performance of the top 30 companies listed on the Singapore Exchange. It is a capitalization weighted index.

As at 8 Nov 22, the Top 10 STI constituent companies are DBS Group Holdings, Oversea Chinese Banking Corp, United Overseas Bank, SINGTEL, Jardine Matheson, Capitaland Investment Ltd, Keppel Corporation Ltd, Capitaland Integrated Commercial Trust, Singapore Exchange Ltd and Capitaland Ascendas Reit as shown below.

Taking the lion's share on the Straits Times Index, the price movement of the following 3 local banks will have a proportionately high impact upon the STI:

1)DBS - 21.1%

2)OCBC - 12.1%

3)UOB - 11.4%

We can’t invest the benchmark directly, we have to rely on Exchange Traded Funds (ETFs) that track the benchmark index. $ES3.SI(ES3.SI)$is one of the two ETFs that can track the STI.

STI ETF is one of the popular investment ETFs for beginners and for investors with low budget. The minimum lot size of the ETF is 1 share which is very affordable to begin with. The current dividend yield is 3.43% and the dividends are issued 2 times a year.

We can make use of those wonderful Tiger coins that we have earned from participating those creative and fun events or activities organised by Tiger Broker to exchange for stock voucher.

Stock vouchers issued by Tiger Broker can be used to offset the amount of an order. Once the stock voucher has redeemed using the tiger coins. The voucher will be automatically issued to the Reward Centre.