Ask About Our Solutions

Let's discuss your transition management. Send us a message and we'll be in touch soon.

  • This field is for validation purposes and should be left unchanged.

Managing the Upcoming FTSE Russell Index and Classification Changes

FTSE Russell have recently announced an unprecedented number of changes to both their indices and industry classifications, phased throughout 2018.


Following their merger in 2014, FTSE Russell have announced far-reaching changes, to be implemented in 2018. These will have a significant operational impact on all clients using the FTSE Global Equity Index Series (GEIS) and Russell Global Indexes (RGI). The changes announced are in two broad categories:

  • Alignment of FTSE GEIS and RGI – effective throughout 2018
  • Integration of Industry Classification Benchmark (ICB) and Russell Global Sectors (RGI) – effective January 1, 2019

With RIMES Managed Data Services (MDS), we shield our clients from the impact of these changes, for example, managing new mappings and updating your impacted feeds accordingly. Where there are changes to proforma schedules, we provide updates for clients using our proforma services via our online events calendar.  When published by FTSE Russell, we can provide customized sample and transition files, and historical data requirements, to assist during the transitions.  If you require any further information on these services, please contact us at support@rimes.com.

Existing RIMES MDS clients receive the following benefits to help mitigate vendor-led changes:

  • Significant time and cost savings, as we will remove the manual effort ensure the changes are reflected in all RIMES-delivered feeds
  • Access to our expertise, which means queries are quickly resolved to assist the decision-making process
  • De-risking implementation of the changes by subscribing to preview and history files to facilitate the transition

RIMES support for GEIS and RGI Alignment

 

Change Effective Date RIMES Service
Russell Global and Russell Frontier indexes will be decommissioned. Clients of standard indices will be transitioned to corresponding FTSE series. Target December 2018 RIMES can help in the transition to the FTSE GEIS and FTSE Frontier Index Series, both of which are available on the RIMES platform.
FTSE Global Micro Cap Index, will be added to the FTSE GEIS universe. Together with the FTSE Global All Cap Index, this will form the new FTSE Global Total Cap Index. June 2018 RIMES to add the new index family to its standard product offering shortly after release.
The starting universe of several Russell index families, including Russell RAFI and Russell Global Stability indices, will transition from the RGI universe to the FTSE GEIS universe. FTSE Russell will work with clients of RGI custom indices to transition to FTSE GEIS based indices. First half of 2019 RIMES clients subscribing to FTSE RGI and GEIS proforma data will have access to the new proforma schedules in the Managed Feeds Workstation and Feed Monitor.

 

RIMES support for FTSE ICB Changes

 

Changes Date RIMES Service
The new Industry Classification Benchmark ICB framework takes effect on January 1, 2019 and the Russell Global Sectors will be discontinued.

Highlights include:

·         Real Estate Industry is added to the FTSE ICB Structure at the broadest headline level (expanding it to 11 industries).
·         Telecommunications Industry is expanded to include two new Subsectors: Telecommunications Equipment (technology) and Cable Television Services (media) are added.
·         Oil and Gas Industry will be renamed Energy.
·         Consumer Goods and Consumer Services will be blended into new Consumer Staples and Consumer Discretionary Industries.

Starts January 1, 2019 and continues through early 2019. RIMES can provide fit-for-purpose sample and transition files, and historical data requirements, to assist during the transition.
All FTSE Russell indices adopt the new ICB framework.

Historical “as was” and “as is” index level to be made available.

TBD 2019 RIMES can provide fit-for-purpose sample and transition files, and historical data requirements, to assist during the transition.

Footnotes:
More information: FTSE Russell FTSE Russell Global Indexes: Next Steps
More information: FTSE Russell Product Update ICB and RGS
More information: FTSE Russell: FTSE country classifications

We are here to answer your questions

Contact us for more information on our historical and proforma services to facilitate the migration.