FTSE Group announced in late October that it teamed up with the Bank of China (Hong Kong) (BOCHK) to launch the FTSE-BOCHK Offshore RMB Bond Index series, a range of renminbi-denominated fixed-income indexes.
The series track bonds issued and settled off mainland China and are advised by BOCHK Asset Management. The benchmark index has subcategory indexes that allow investors to group the market by type of bond issuer, the credit rating of the bonds and the length of time until they mature. It is reviewed on a monthly basis.
This series is the latest project to emerge from the joint venture between FTSE and Toronto-based TMX Group’s information services division, TMX Datalinx. FTSE TMX Global Debt Capital Markets was announced in February last year and now has more than $1 trillion of fixed-income assets linked to its indexes.