The EuroMTS indices are a euro-denominated total return index range originally derived from the well established CNO Etrix index and has been designed to measure the performance of a number of Eurozone fixed income asset classes. Based on real time tradable prices from the inter-dealer MTS platform, the largest electronic marketplace for cash bond trading in the Eurozone, the indices set new market standards for transparency, replicability and independence, qualities previously only exhibited by equity indices.

EuroMTS indices are calculated by EuroMTS, the market standard for Eurozone government securities trading and pricing.
A choice of maturity bands and asset classes are further reasons why the EuroMTS indices are already recognised as excellent performance indicators for analysts, performance measurement tools for fund managers and as an ideal underlying reference for a wide range of OTC and exchange traded financial instruments.

In common with the EuroMTS range’s predecessor, the CNO Etrix, the goals of the indices are tracking accuracy and ease of replication of the broad fixed income markets using a more concentrated (and liquid) selection of securities.
Unsurprisingly these principles have encouraged managers of more than 50% of French domiciled bond assets and almost 75% of funds to use the EuroMTS Governments index as their investment benchmark.

The EuroMTS Government Index is a euro-denominated total return index series which measures the performance of the eurozone government bond market. The EuroMTS Government Index, is composed of all the eurozone Government bonds listed on the MTS platforms, with more than EUR2 billion outstanding volume and at least one year to maturity. The series comprises six maturity bands sub-indices and is split in several country indices families.

The EuroMTS Covered Bonds Index (EMTXc) measures the performance of the euro-denominated covered bonds from non-sovereign EU issuers, listed on the MTS trading platforms and with at least one year to maturity. These securities include German Oeffentliche and Hypothekenpfandbriefe, French Obligations Foncières, Spanish Cedulas, Irish ACS and UK bonds backed with mortgages and/or public loans
The EMTXc family includes an aggregate index, composed of 59 bonds as of April 2005, with three maturity range sub-indices and five country indices. The EMTXc indices are calculated and published in real time along with two daily fixings (at 11:00 CET and 16:00 CET) and are designed as an investment benchmark as well as an underlying index for structured products, ETFs or derivatives.

The EuroMTS Inflation Linked Index is the first independent, Eurozone Inflation linked sovereign debt based on tradable underlying prices taken from the new EuroMTS Linkers market segment.
EMTXi has been designed in conjunction with the French bond association (Comite de Normalisation Obligataire, CNO) to accurately represent the structure of the inflation-linked bond market and to be homogenous with the EuroMTS Index family. The index includes all eurozone sovereign issues quoted on the MTS trading platform with more than €2 billion outstanding and at least one year to maturity.

EMTXi

Range

The EuroMTS Government Bill Index measures the total return of a portfolio of sovereign bills issued by the Eurozone countries and listed on the MTS platforms. Currently the index represents seven issuers: France, Germany, Spain, Italy, Belgium, Netherlands and Portugal. The weight of each individual issuer is capped within the index to a maximum of 34.5%. The EuroMTS Government Bill Index (“EMTT6C”) is published every 30 seconds and with an end-of-day fixing at 17:30 CET.

The EuroMTS Government AAA Index is a euro-denominated total return index which measures the performance of the best-rated government bonds. It is composed of all bonds, listed on MTS platform, with more than EUR2 billion outstanding volume and issued by eurozone governments with the highest credit rating (AAA). The index is calculated in real time with three daily fixings: 11:00 CET, 16:00 CET and 17:30 CET.