Mark Randall JSE’s Director of Information Services
(Mark Randall, Director of Information Services at Johannesburg Stock Exchange)

JSE FTSE Russell team up for multiasset index


The Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa, and FTSE Russell, a leading global index provider, have once more joined forces to launch a new multi-asset index for the South African market.

The FTSE/JSE Multi-Asset Composite Index offers investors a broad and integrated coverage of South African equities, fixed-income securities, listed property, and options that include global equities and fixed-income markets, the two organisations said. The new offering is delivered in four variants:

Local equity + Local fixed income
Local equity + Local fixed income + Global equity
Local equity + Local fixed income + Global equity + Global fixed income
Local equity + Local fixed income + Global equity + Local property

The JSE and FTSE Russell have a long-standing partnership, having jointly launched the FTSE/JSE All Share Index in 2002, made up of JSE’s 40 largest companies, representing 99% of market capitalisation of the JSE.

Last year, the two organisations further strengthened their partnership when they launched the FTSE/JSE Fixed Income Indices, which offers investors an enhanced exposure to the South African government-issued debt.

Mark Randall, JSE’s Director of Information Services, said the launch of the FTSE/JSE Multi-Asset Composite Index was in line with the strategy of the Johannesburg-based exchange to enhance services and products that it offers to issuers and investors to ensure unsurpassed market quality, settlement assurance, and governance standards.

“The partnership combines the regional expertise of the JSE with FTSE Russell’s global multi-asset indexing expertise and robust governance framework to produce transparent, objective investment tools,” said Randall.

Randall also pointed out that the FTSE/JSE Multi-Asset Composite Index could be used by investors to inform investment research or as a performance benchmark for active funds. It could also be utilised as the basis for passive tracking strategies.

The Johannesburg Stock Exchange (JSE) has a well-established history operating as a market place for trading financial products. Having been in operation for 130 years, it prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation.

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. The London-based index provider calculates thousands of indices that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell is a wholly owned subsidiary of the London Stock Exchange Group.