New names for DEX Bond Indices

June 16, 2014

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans.

On April 5, 2013, FTSE Group, part of London Stock Exchange Group, and TMX Group completed the transaction to combine their fixed income businesses in a new joint venture, FTSE TMX Global Debt Capital Markets. On October 1, 2013, FTSE TMX Global Debt Capital Markets Inc. announced that its Canadian index products would be re-branded to the FTSE TMX brand name.  

As a result of the re-brand, Sun Life Financial has updated all previous DEX benchmark references to FTSE TMX, as indicated in the table below. This includes all of our Morningstar reporting.

Current Index Name

New Index Name

DEX 91-Day T-Bill Index

FTSE TMX Canada 91-Day T-Bill Index

DEX Universe Bond Index

FTSE TMX Canada Universe Bond Index

DEX Short Term Bond Index

FTSE TMX Canada Short Term Bond Index

DEX Long Term Bond Index

FTSE TMX Canada Long Term Bond Index


How does this affect you and your members?
This is only a name change and as such, does not have any impact on you or your members. The composition of the indices will remain the same and there is no impact on the management of any of the funds as a result of this change. Some managers have already communicated updated Statement of Investment Policies & Guidelines (SIP&G) to reflect these name changes, while others are waiting for other significant updates before updating their SIP&Gs.

Questions?
Please contact your Sun Life Group Retirement Services representative.