FTSE Group (FTSE), the global index provider, has today launched the FTSE EPRA/NAREIT UK REIT index, following the introduction of the UK REIT legislation on 1st January 2007.
The nine constituents of the FTSE EPRA/NAREIT UK REIT index are as follows:
- The British Land Company PLC
- Brixton plc
- Great Portland Estates plc
- Hammerson plc
- Land Securities Group PLC
- Liberty International PLC
- Slough Estates plc
- Workspace Group PLC
- Primary Health Properties PLC
The index will sit within the FTSE EPRA/NAREIT Global REITs and Non-REITs Index Series which enables investors to differentiate REIT from Non-REIT constituents within the EPRA/NAREIT universe according to country-specific REIT legislation.
Mark Makepeace, Chief Executive, FTSE Group said, “FTSE is committed to offering investors a complete suite of index products to measure and analyse all facets of the investment landscape, and the launch of FTSE EPRA/NAREIT UK REIT index ensures we continue to provide investors with the tools for diversification that real estate offers. The arrival of UK REITs on New Year’s Day marks an important milestone for property investment in Britain.”
The FTSE EPRA/NAREIT UK REITs index design is based on FTSE’s world class index standards. The indices are transparent, free float adjusted, and are calculated in accordance with the Industry Classification Benchmark (ICB). Further information on the FTSE UK REITS Index is available at http://www.ftse.com/Indices/FTSE_EPRA_NAREIT_Global_Real_Estate_Index_Series
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg London, Madrid, NASDAQ and Taiwan exchanges, as well as Nomura Securities, Hang Seng and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.
FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
