FTSE Launches UK Commercial Property Index Series

Leading global index provider FTSE Group (FTSE) has launched the FTSE UK Commercial Property Index Series. A new set of tools for investors, companies and advisers, the series will provide daily index measures for retail, office, and industrial property across the UK. The index is constructed using performance figures from a property fund, which FTSE has licensed MSS Capital to create and manage.

The FTSE UK Commercial Property Index Series goes live on 26 June 2006 and includes four new indices:

FTSE UK All Property Index (composite)
FTSE UK Retail Property Index (segment)
FTSE UK Office Property Index (segment)
FTSE UK Industrial Property Index (segment)

Each Index will show total returns and capital values. Historical performance data is available from 31 December 2001.

These indices are designed to allow a new generation of investment products, enabling institutional and private investor access to this sector. Full details of the series can be accessed at www.ftse.com/ukcommercialproperty.

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. The availability of index data on a daily basis will make the FTSE UK Commercial Property Index Series the index of choice for the fledgling property derivatives market.”