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2011 Mock Q21

This question asks you to select an equity style for an index(GB1). In the vignette, it says that a benchmark (STI) is a value-weighted index of the 30 largest firms traded on another index(SGX).

The table that they display shows that GB1 and STI are the same. So I assumed the answer was value but according to the answer it was market oriented.

Can someone please explain?

Thank you.

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Value-weighted is different from value

Three types of indexes:
1. Value weighted
2. Price weighted
3. Equally weighted

Three types of styles:
1. Value
2. Growth
3. Market oriented

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