FTSE Russell launches new framework for fixed income
Global index, analytics and data provider, FTSE Russell, has launched a new country classification framework for fixed income which would complement the existing equity country classification process.
The new framework would reward each country tracked by fixed income indexes with a level of zero, one or two, with two representing the highest level of accessibility for foreign investors.
The process would assess countries based on four market criteria:
- Market, macroeconomic and regulatory environment
- Foreign exchange market structure
- Bond market structure
- Global settlement and custody
Also, the firm would publish a watch list of local currency, fixed-rate government bond markets being considered for potential classification of their market accessibility.
“We developed the framework in consultation with market participants and look forward to further engagement as we roll it out,” Chris Woods, Managing Director Governance and Index Policy, FTSE Russell, said.
“The introduction of minimum Market Accessibility Levels provides an evidence-driven, robust framework, which can be applied across both flagship and bespoke benchmarks and draws on our FTSE Russell index governance capabilities and heritage in equities.”
AUTHOR
Oksana Patron
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
