FTSE Group (“FTSE”) and ASFA (Association of Superannuation Funds of Australia) announce the launch of the …...
FTSE ASFA Australia Index Series providing the first industry standard tax-adjusted benchmarks to Australian investors.
The development of the 36-index series was spearheaded by superannuation funds’ demand for benchmarks which allow them to assess portfolio performance on an after-tax basis. Superannuation funds and their fund managers have been searching for ways to better align investment decisions with their tax positions. The new FTSE ASFA Australia Index Series addresses this need and provides options for different tax categories including: tax exempt, superannuation funds, mid-tax bracket and high-tax bracket.
Australian investors also face increasing pressure as the industry continues its push towards compulsory after-tax reporting.
Additionally, investors have a new formidable alternative for non tax-adjusted Australian equity benchmarks, which are part of the FTSE ASFA Australia Index Series.
As with all FTSE indices, a newly formed independent committee of senior superannuation investment professionals and finance industry experts will govern the ongoing management of the series and ensure they continue to evolve with changes in the market.
The FTSE ASFA Australia Index Series is designed primarily for benchmarking purposes and can also be used as the basis for the creation of index-linked products such as Exchange Traded Funds (ETFs), structured products and other derivatives.
Source: ETFWorld.com – FTSE
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