FTSE Russell launches new framework for fixed income

17 January 2019
| By Oksana Patron |
image
image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 3 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago