- Why were the S&P/ASX Fixed Interest Indices launched? The S&P/ASX Fixed Interest Indices were first introduced in 2011 to complement the existing S&P/ASX Equity Indices, which offer heightened transparency for equities. S&P Dow Jones Indices (S&P DJI) and the Australian Securities Exchange (ASX) have a long history in servicing debt and equity markets on a domestic and international level. S&P DJI, together with ASX, is a leading provider of benchmark indices for the Australian market.
- Which indices are currently included in the S&P/ASX Fixed Interest Index Series? The S&P/ASX Australian Fixed Interest Index Series includes over 250 indices, covering various sectors, maturities, and ratings of the Australian fixed interest market. These indices are designed to track investable, Australian-dollar-denominated, locally issued bonds as well as the Australian bill market.
- What portion of the market do these indices track? The S&P/ASX Australian Fixed Interest Index is the flagship Australian bond index and seeks to measure the performance of Australian fixed rate bonds that meet specific investability criteria. Offered across defined maturity buckets and sector-level indices, the index is designed to be a broad benchmark index, serving the performance attribution and benchmarking needs of the investment community.
Maturity bucket indices for the S&P/ASX Australian Fixed Interest Index include the following.
- S&P/ASX Australian Fixed Interest 1-5 Year Index
- S&P/ASX Australian Fixed Interest 5-10 Year Index
- S&P/ASX Australian Fixed Interest 10-15 Year Index
- S&P/ASX Australian Fixed Interest 15+ Year Index
Credit rating band indices for the S&P/ASX Australian Fixed Interest Index include the following.
- S&P/ASX Australian Fixed Interest AAA Rating Band Index
- S&P/ASX Australian Fixed Interest AA Rating Band Index
- S&P/ASX Australian Fixed Interest A Rating Band Index
- S&P/ASX Australian Fixed Interest BBB Rating Band Index
Sector-level indices include the following.
- S&P/ASX Government Bond Index
- S&P/ASX Australian Government Bond Index
- S&P/ASX State-Government Bond Index
- S&P/ASX Corporate Bond Index
- S&P/ASX Supranational & Sovereign Bond Index
The S&P/ASX Bank Bill Index offers short-term exposure to Australian-dollar-denominated bank bills with maturity profiles of up to three months. This index is designed for use by institutional investment managers, mutual fund managers, and professional advisors.
