NZX has today announced it has partnered with ANZ to ensure the ongoing development of performance benchmarks for the New Zealand fixed interest market, to be known as the ANZ Debt Indices.
The indices are widely used by the New Zealand funds management industry to assess the performance of their fixed interest funds.
NZX recognises ANZ's position as the leader in the New Zealand fixed interest market and believes this partnership will present an opportunity for both parties to collaborate on enhancing and developing the existing suite of debt indices for investors. Importantly, ANZ and NZX will be working together to provide investors with accurate and reliable performance benchmarks.
Driven by investor feedback, ANZ and NZX have worked successfully together to develop the most recent addition to the product suite – the NZ Kauri Bond Indices. 

The NZDX Market grew 20% in 2008. The NZDX market capitalisation was $12.5 billion at the end of 2008, compared to $10.4 billion at the end of 2007.
NZX’s Head of Market Products, Geoff Brown said, “The NZ fixed interest market continues to grow and develop. The market insight provided by ANZ combined with NZX’s expertise in index composition will ensure investors are supported by measurement tools that are both relevant and accurate.”
ANZ’s Managing Director Institutional, David Green said, “As the market leader we are committed to fostering the advancement of the New Zealand financial markets. Our partnership with NZX is an important initiative to ensure that benchmarks evolve with developments in the New Zealand fixed interest market. The ANZ Debt Indices will help investors monitor the performance of the strategies adopted across their fixed interest portfolios, supporting confidence in our market.”
Details of the ANZ Debt Indices product range are available on the NZX website at the following link: http://www.nzx.com/markets/nzdx/anz_debt_indices.