FTSE Group has launched the FTSE EPRA/NAREIT Europe REITs and Non-REITs indices, suitable for the creation of financial products such as index funds, warrants, certificates and ETFs.
Calculated on a daily basis, and disseminating every 15 seconds, the two new indices will sit within the FTSE EPRA/NAREIT Global REITs and Non-REITs Index Series.
That enables investors to differentiate REIT from Non-REIT constituents within the EPRA/NAREIT universe according to country-specific REIT legislation, FTSE says.
“We are delighted to be able to continue to work with industry trade bodies EPRA and NAREIT to enhance our global set of real estate indices,” says Mark Makepeace, chief executive of FTSE Group. “The real estate sector is an important asset class and FTSE is committed to offering investors a complete suite of index products to measure and analyse all facets of the investment landscape. The launch of the FTSE EPRA/NAREIT European REITs and Non-REITs indices ensures we continue to provide investors with the best tools for diversification.”