For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products June 23, 2009
FTSE in Partnership for Currency Indexes
June 23, 2009 (PLANSPONSOR.com) - FTSE Group and
Record plc, a specialist currency investment manager, have
hashed out an agreement to create a new range of currency
Forward Rate Bias (FRB) indexes.
Reported by
Fred Schneyer
The indexes will aim to provide investors with a passively managed and transparent benchmark for currency FRB returns, used for portfolio construction, index-tracking and benchmarking, according to a news release.
class=”pressrelease1″>
class=”pressrelease1″> “This new co-operation combines FTSE’s global brand equity, track record in strategic partnerships and renowned indexing expertise with Record’s comprehensive knowledge of currency investment management,” said Mike Bruno, head of Fixed Income at FTSE Group, in the announcement.
class=”pressrelease1″> More information is available at www.ftse.com