The Singapore Exchange is set to launch a new index which will track listed companies outside of the constituents of the Straits Index, according to a statement by the country's Second Minister of Finance, Chee Hong Tat, according to a report by the Business Times on Friday.

Speaking at a local conference, the second minister said that the government is expecting to see the launch of more indices, the report said.

Currently, STI, the benchmark index for the city-state's stock market, comprises of 30 largest companies based on market capitalization, the report noted.

Tat also hinted at indices focused on corporate governance and sustainability, the report added.

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