2019

January 21, 2019

New names for FTSE TMX Canada indices

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

In April 2018, FTSE Russell acquired 100% ownership of FTSE TMX Global Debt Capital Markets Limited.  Following this acquisition, the FTSE TMX Canada indexes are being renamed from “FTSE TMX Canada [Name of Index]” to “FTSE Canada [Name of Index].” The index naming conventions will remain unchanged, only references to TMX will be removed. For example, the “FTSE TMX Canada Universe Bond Index” will become the “FTSE Canada Universe Bond Index”

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

Current Index Name

New Index Name

FTSE TMX Canada 91-Day T-Bill Index

FTSE Canada 91-Day T-Bill Index

FTSE TMX Canada Universe Bond Index

FTSE Canada Universe Bond Index

FTSE TMX Canada Short Term Bond Index

FTSE Canada Short Term Bond Index

FTSE TMX Canada Long Term Bond Index

FTSE Canada Long Term Bond Index

FTSE TMX Canada Real Return Bond Index

FTSE Canada Real Return 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.