FTSE Russell index selected for global real estate ETF traded on ASX
- FTSE EPRA Nareit Developed ex Australia Rental in AUD Hedged Net Tax Index licensed by VanEck Australia
- Australia’s first AUD hedged international property ETF
- Index captures 305 REITs representing the world’s Developed markets
FTSE Russell, the global index, analytics and data provider, announces that VanEck Australia has chosen to license the FTSE EPRA Nareit Developed ex Australia Rental in AUD Hedged Net Tax Index for its latest Exchange Traded Fund (ETF), the VanEck Vectors FTSE International Property (Hedged) ETF. The ETF has today listed on the Australian Securities Exchange.
The FTSE EPRA Nareit Developed ex Australia Rental in AUD Hedged Net Tax Index, is part of the market-leading, FTSE EPRA Nareit Global Real Estate Index Series. The index represents the performance of eligible listed real estate stocks where the company’s rental revenue from investment properties is greater than or equal to 70% of total revenue.
Listed property has long been a compelling asset class for Australian investors, particularly as it provides regular income streams, diversification and long-term capital appreciation.
Evan Ong, Managing Director ETP Relationships, Asia, FTSE Russell, said:
“We are delighted that VanEck Australia has selected one of FTSE Russell’s real estate indexes for its newly-listed exchange traded fund. Investor appetite for access to international property stocks continues to grow, creating a demand for indexes that reflect the commercial real estate market with the added liquidity, transparency and regulation associated with investing in publicly traded stocks. FTSE Russell continues to create indexes that are designed specifically for the Australian market.”
Arian Neiron, Managing Director and Head of Asia Pacific, VanEck said:
“We are delighted to collaborate with FTSE Russell for an Australian first. The VanEck Vectors FTSE International Property (Hedged) ETF provides investors with low-cost access to the returns of international property securities hedged into Australian dollars. This new ETF offers investors diversified exposure to listed global securities which derive the majority of their income from property rental income.”
Launched in 2009, the FTSE EPRA Nareit Global Real Estate Index Series is designed to represent the performance of eligible listed real estate stocks worldwide, including REITs and other companies involved in the ownership and development of income-producing real estate. It is the global market leader, tracked by over US$340 billion of benchmarked assets*. These indexes are calculated and overseen in partnership with the leading European and North American real estate associations, EPRA and Nareit.
Further information can be found online at the FTSE EPRA Nareit Global Real Estate Index Series page or via the index factsheet.
* Data as of December 31, 2017 as reported on April 2, 2018 by eVestment for institutional assets, Morningstar for retail mutual funds, insurance products, and ETFs, and additional passive assets directly collected by FTSE Russell. AUM data includes blended benchmarks and excludes futures and options. Passive assets directly collected by FTSE Russell have been removed from third party sources to prevent double counting. No assurances are given by FTSE Russell as to the accuracy of the data.
For further information:
Lucie Holloway - +44 (0)20 7797 1222
Tim Benedict - +1 917 582 0641
Notes to editors:
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
© 2019 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) MTSNext Limited (“MTSNext”), (5) Mergent, Inc. (“Mergent”), (6) FTSE Fixed Income LLC (“FTSE FI”) and (7) The Yield Book Inc. (“YB”). All rights reserved.
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The FTSE EPRA Nareit Global Index Series is calculated by FTSE in association with EPRA and Nareit. EPRA® is a trade mark of European Public Real Estate Association (“Partner”). Nareit® is a trade mark of National Association of Real Estate Investment Trusts (“Partner”). All rights in and to the FTSE EPRA Nareit Developed Index vest in FTSE and/or its relevant Partner(s).