FTSE Russell’s market-tested, comprehensive fixed income index solutions are used by investors to measure and analyze the performance of global, regional, and country-focused debt markets. FTSE Russell’s flagship global fixed income index, the FTSE World Government Bond Index (WGBI), measures the performance of fixed-rate, local currency investment-grade sovereign bonds.
FTSE Fixed Income Local Indices include:
- FTSE Bank of China Offshore RMB Bond Indices – The FTSE-BOCHK Offshore RMB Bond Index Series measures the performance of RMB-denominated bonds issued and settled outside the People’s Republic of China. The series is designed to provide an international industry standard benchmark and to offer market participants exposure to RMB-denominated bonds. The indexes are reviewed on a monthly basis. At the review bonds may be removed or added to the indices. A total return version of all the indexes is also available. The total return index takes into account the price changes, interest accrued and coupon payments of each bond.
- FTSE Fixed Income Pension Liability Indices – These indices include the FTSE Pension Liability Indexes (short and intermediate) and the FTSE Pension Discount Curve Index. The FTSE Pension Liability Index reflects the discount rate that can be used to value liabilities for GAAP reporting purposes. The index also provides an investment performance benchmark for asset-liability management. By monitoring FTSE Pension Liability Indexes returns over time, investors can gauge changes in the value of pension liabilities. These indices represent the single discount rate that would produce the same present value as calculated by discounting a standardized set of liabilities using the FTSE Pension Discount Curve.
- FTSE UK Level Annuity Indices – This Series includes a set of benchmarks designed to allow users to compare changes in the value of a pre-retirement fund with changes in annuity prices. Annuity rates differ depending on individual circumstances, and the series reflects this with multiple indexes representing a range of retirement profiles, creating a suitable comparison to assess fund performance. The index series is calculated daily, using the average of the three highest annuity rates for different retirement profiles (Early, Standard, Late).
- FTSE Canada Index – Part of a range of indices designed to help North American investors benchmark their investments. The FTSE Canada index is a market-capitalization weighted index representing the performance of Canadian large and mid-cap stocks. The index is derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world’s investable market capitalization.
- FTSE GILT Government Bond Indices – A comprehensive family of indexes and related bonds data (e.g. duration) and are based on all eligible British Government Securities. The indexes are divided into conventional GILTS and index linked GILT indexes. There is a headline index for each sub-division and the indexes are also available in maturity bands. These are a broadly-based family of Indexes and related bonds data (e.g. duration) and are based on all eligible British Government Securities. The Indexes are divided into conventional gilts and index linked gilt indexes.