Index series A-Z
FTSE partnered with ASFA in 2009, the peak industry body that represents all aspects of the Australian superannuation industry, to provide Australian superannuation funds, fund managers and other stakeholders with industry standard after-tax benchmarks developed specifically to assist the industry’s transition to after-tax performance measurement and reporting.
An increasing number of Australian superannuation funds are now measuring their fund managers on an after-tax basis using the FTSE ASFA Australia Index Series.
In addition to superannuation funds, the FTSE ASFA Australia Index Series uses varying tax rates to provide tax-adjusted “franking credits” indices for all types of investors:
These indices take into account franking credits attached to dividend distribution, franking credits attached to off-market buy-backs and the capital gains tax from participating in off-market buy-backs.
Australian Superannuation funds have an additional range of after-tax benchmarks which calculate both realised and unrealised capital gains tax. Whether it’s optimising value from franking credits, participating in off-market buy-backs, managing capital gains tax more efficiently or all three, superannuation funds have a range of benchmarking solutions to make tax efficient investing a focus in every portfolio.
The FTSE ASFA Australia Index Series is designed primarily for benchmarking purposes and can also be used as the basis for the creation of index-linked products such as Exchange Traded Funds (ETFs), structured products and other derivatives.
The series includes both non tax-adjusted indices and tax-adjusted indices for each of the following:
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