Products October 13, 2011

Australian Fixed Income Index Series Launched

October 13, 2011 (PLANSPONSOR.com) - S&P Indices and the Australian Securities Exchange (ASX) have launched a package of benchmarking tools for fixed interest investments in Australia.
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The launch of the S&P/ASX Australian Fixed Income Series will complement Australia’s official S&P/ASX Equity Index Series, providing a complete offering across the key asset classes of cash, fixed income, and equities, according to a press release.  

The S&P/ASX Australian Fixed Income Index Series is a broad benchmark suite of indices designed to measure the performance of the Australian short-term money market and the Australian bond market which meet the index eligibility criteria.  

The Series comprises: 

  • The S&P/ASX Australian Fixed Interest Index – the flagship bond index, measuring the performance of the Australian bond market and the sub-sector indices; 
  • The S&P/ASX Government Bond Index; 
  • The S&P/ASX Commonwealth Government Bond Index; 
  • The S&P/ASX State Government Bond Index; 
  • The S&P/ASX Corporate Bond Index; 
  • The S&P/ASX Supranational and Sovereign Bond Index; and 
  • The S&P/ASX Bank Bill Index – measuring the performance of the Australian short-term money market. 
Guy Maguire, Head of S&P Indices in Australia, said in the announcement, “Australian investors need a comprehensive set of equity and fixed income measurement tools to benchmark the performance of investments. Like the S&P/ASX Equity Index Series, the S&P/ASX Fixed Income Index Series is transparent, liquid, investible and independent.”

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