Benchmarking the Canadian mortgage-backed securities market

In this FTSE Russell Product Insight, we profile a new index series—the FTSE Canada NHA MBS 975 Index—which is designed to measure the performance of Canada’s mortgage-backed securities (MBS) market, an important sector of the investment opportunity set in Canada. 

We summarize the key characteristics of mortgage-backed securities and describe the core structural features of the Canadian MBS market. Through the lens of the newly launched index, we look at market dynamics, including issuance levels, interest rate spreads, prepayment rates and duration.

Read the complete whitepaper now at the link below