FTSE ETP Data Services: IOPV

Transcription

1 FTSE ETP Data Services: IOPV

2 BEIJING BOSTON DUBAI HONG KONG LONDON MILAN MUMBAI NEW YORK PARIS RIO DE JANEIRO SAN FRANCISCO SHANGHAI SYDNEY TOKYO TORONTO FTSE is a global leader in indexing and analytical solutions. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world. FTSE indices are used extensively by market participants worldwide for investment analysis, performance measurement, asset allocation and portfolio hedging. Many leading pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE s indices to create world-class ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices. FTSE is well known for index innovation and customer partnerships as it seeks to continually enhance the breadth, depth and reach of its offering. FTSE is wholly owned by London Stock Exchange Group.

3 Overview FTSE IOPV In 1995 FTSE Group set the bar for real time index calculation, with industry standards such as FTSE 100, FTSE MIB, FTSE China 25, FTSE RAFI and FTSE Emerging Market Indices. With over $3 Trillion benchmarked to FTSE indices, the market has validated FTSE s index calculation and governance processes in every major sector across global capital markets. We independently calculate over 2,000 real time indices covering a wide range of asset classes. Since 2007, we have leveraged our award-winning real time environment to deliver basket calculations supporting IOPV reporting requirements for issuers of ETFs worldwide. 1

4 FTSE ETF Issuer Services. The FTSE Difference Authoritative We have been calculating indices since By being at the heart of the markets we serve, we understand the needs of our clients and deliver the right solutions to help them meet their objectives. Innovative We have a long tradition of being at the forefront of innovations which enhance the transparency and measurability of markets. Experienced FTSE has calculated real time indices since 1995 and IOPV since Our real time calculation capabilities extend across asset classes, producing over real time 2,000 indices. Responsive We listen to the needs of our clients and respond by providing the market with cutting edge technical solutions supported by FTSE s renowned standards of quality, reliability and governance. Collaborative & Supportive FTSE provides an end-to-end service for ETF issuers, combining a collaborative approach to product development with knowledgeable, responsive 24 hour support and dedicated relationship managers. Integrated As part of London Stock Exchange Group, FTSE sits at the heart of one of the world s most mature ETF markets. This unique position enables us to offer integrated services to ETF issuers from pre-launch to post-trade and beyond. 2

5 Calculation Capabilities Global equities and cash Capital Return, Total Return, Net of Tax No differentiation in pricing or service for market capitalization, alternative weighting, strategy or smart beta portfolios Calculated every 15 seconds as required by regulators, or to any client-defined frequency Service available around-the-clock in multiple currencies Available to non-ftse linked ETFs Provide secondary back-up calculations to ensure your ETF does not risk a trading halt should the primary calculation cease. Dissemination EXCHANGE DATA FEEDS MAJOR DATA VENDORS WEBSITES CONSOLIDATED TAPE 3

6 FTSE IOPV supports calculations in the following currencies AMERICAS ARS, BBD, BMD, BOB, BRL, CAD, CLP, COP, FJD, JMD, MXN, PEN, SVC, USD, VEF EUROPE BAM, BGN, CHF, CZK, DKK, EEK, EUR, GBP, GEL, HRK, HUF, ISK, LTL, LVL, MDL, MKD, NOK, PLN, RON, RSD, SEK, SKK, UAH AUSTRALIA AND ASIA AUD, BDT, CNY, HKD, IDR, INR, JPY, KRW, LKR, MUR, MYR, NPR, PAB, PGK, PHP, PKR, RUB, SGD, THB, TWD, VND AFRICA BWP, GHS, KES, MAD, MWK, NAD, NGN, TND, TTD, TZS, XOF, ZAR, ZMW, ZWL MIDDLE EAST AED, BHD, EGP, ILS, JOD, KWD, KZT, LBP, OMR, QAR, SAR, TRY 4

7 Calculation Methodology FTSE s IOPV calculation service provides real-time values for Exchange Traded Funds and other investment funds as a service for the fund sponsor. Values are calculated and disseminated in real-time during the relevant trading hours of the fund. The values are intended to help investors and market participants gain a continuous indication of the fund value and for ETF issuers to meet regulatory requirements. IOPV values are calculated based on the actual portfolio holdings and using prices from all relevant exchanges. = Time the IOPV is calculated = number of companies in the portfolio = price of company (i) at time (t) = number of units/shares of company (i) at time (t) = Exchange rate from local currency into portfolio currency for company (i) at time (t) = Estimated cash component of the portfolio at time (t) in the same currency as the portfolio = Market capitalization of the portfolio at time (t) = Total Units of the portfolio at time (t) 5

8 FTSE ETF Issuer Services. Americas Jonathan Horton President, FTSE Americas Kristen Mierzwa Director, ETP Europe Sudir Raju Managing Director, ETP +44 (0) Asia - Pacific Jessie Pak Managing Director Jessie.Pak@ftse.com info@ftse.com This document does not constitute an offer or invitation to buy or sell any investment or participate in any investment activity. This document has not been approved by a person authorised under the Financial Services and Markets Act 2000 ( FSMA ) for the purposes of section 21 of FSMA. Accordingly this document and the information contained within it is only made to, and for the use of, persons whom FTSE International Limited ("FTSE") believes to be investment professionals within the meaning of article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order These materials should not be relied upon by anyone else. If you have not received this document directly from FTSE, do not use or rely on it or forward it to anyone else. All information is provided for information purposes only. FTSE does not provide investment advice and nothing in this communication should be taken as constituting financial or investment advice. FTSE makes no representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. You should exercise your discretion in your use of the IOPV calculation service and if you do not have the relevant professional expertise in relation to investments of the kind the service relates to, before using the service you should consult an investment professional who does for advice. Neither FTSE nor any of its licensors makes any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the IOPV calculation service or the fitness or suitability of the service for any particular purpose to which it might be put. No responsibility or liability can be accepted by FTSE for any errors or for any loss from the use of this presentation. Please see ftse.com for additional legal disclosures. No part of this publication may be reproduced, stored in a retrieval system or transmitted by any other form or means whether electronic, mechanical, photocopying, recording or otherwise without the prior permission of FTSE. FTSE is a trade mark of the London Stock Exchange Group companies, MIB is a trade mark of Borsa Italiana S.p.A. and are both used by FTSE under licence. RAFI, is a registered trademark and is the exclusive intellectual property of Research Affiliates, LLC ( RA ). Any use of the trademark without the prior written permission of RA is expressly prohibited. RA reserves the right to take any and all necessary action to preserve all of its rights, title and interest in and to these marks.