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Opalesque Industry Update - FTSE Russell, the global index provider, and Research Affiliates have announced the launch of new smart beta indexes: the FTSE RAFITM Equity Income Index Series. The benchmarks will track high dividend-paying stocks which are screened to target sustainable income. The indexes are weighted according to fundamental measures—as opposed to market capitalization. Source, one of Europe’s largest ETF issuers, contributed to the development of the indexes in response to enquiries from investors for a better-structured dividend-focused strategy. Source will be the first ETF provider to license the index series, and a family of ETFs linked to the benchmarks is set to be launched by Source later this year in Europe. The FTSE RAFI Equity Income Index Series builds on the success of the leading smart beta partnership between FTSE Russell and Research Affiliates, which dates back to 2005. With one of the longest track records in the smart beta industry, FTSE RAFI indexes have been widely acknowledged and adopted as the underlying foundation for a broad variety of investable products in the form of ETFs, managed accounts and mutual funds. In common with all FTSE Russell indexes, the index series is managed according to a publicly available set of rules and overseen by an independent committee of market practitioners. As of 31 March 2015, investable products linked to indexes developed by FTSE Russell and Research Affiliates have approximately USD $75 billion of AUM. |
Industry Updates
FTSE Russell and Research Affiliates launch new smart beta index series
Monday, June 01, 2015
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