FTSE Branches Out into Bond Indices

October 17, 2002 (PLANSPONSOR.com) - Global index company FTSE Group is branching out from its existing equity indices.

According to a FTSE announcement, FTSE has acquired the Reuters BONDTOP index family and will be using it as the basis of the new FTSE Global Bond Index Series, effective October 21.

FTSE said newly created tradable indices would be added soon, allowing the series to support exchange-traded funds (ETFs), index-linked funds and derivative products.

Over the coming months, FTSE said it would create new fixed-income indices.   The new indices will include country and regional government bond indices, as well as corporate bond indices.