Industry Updates

FTSE Russell and JSE partner for fixed income indices launch

George Geddes

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FTSE Russell and the Johannesburg Stock Exchange (JSE) have partnered to launch a range of fixed income indices.

The co-branded fixed income indices recently launched by the South African stock exchange and London-based index provider include the FTSE/JSE All Bond Index Series (ALBI) and FTSE/JSE Inflation-Linked Index Series (CILI).

ALBI and CILI represent the performance of domestically issued South African government, state-owned and corporate bonds with a base currency in South African Rand (ZAR).

ALBI is comprised of the top 20 conventional listed vanilla bonds with fixed, semi-annual coupons.

CILI is comprised of the top 15 ranked bonds that are conventional inflation-linked instruments.

FTSE Russell serves as the benchmark administrator, providing the daily index calculations.

Waqas Samad, group director, information services at LSEG and CEO of FTSE Russell, said: “FTSE Russell aims to be the world leader in multi-asset indexing and now, domestic and overseas investors in local South African debt are able to benefit from FTSE Russell’s approach to managing fixed income benchmarks.”

FTSE Russell and JSE initially partnered back in 2002 for the launch of a range of equity indices and have since also launched a responsible investment index series representing South African companies meeting FTSE Russell's environmental, social and governance (ESG) standards.

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