The Philippine Stock Exchange Inc. launched the PSE MidCap Index and PSE Dividend Yield Index on Monday to showcase the mid-sized companies and highlight those that consistently give high-yielding dividends.
“Ever since, we only have the main composite, all shares and sectoral indices in the PSE. These thematic indices are long overdue and we are pleased to finally make available the first two sets of new indices,” said PSE president and chief executive Ramon Monzon.
“In developing these indices, we consulted with market participants to ensure that the selection criteria and methodology are acceptable to those who want to track or benchmark on the new indices,” Monzon said.
Both indices have 20 constituents and the index members as of the February 2022 recomposition stemmed from a review of companies from January to December 2021.
The base date and base level for both indices is Dec. 30, 2010 at 1,000.