The MAX Index family is a set of widely used domestic government bond market benchmarks in Hungary. The index family consists of the RMAX, MAX, MAX Composite and ZMAX indices. The indices calculated and published by the Hungarian Government Debt Management Agency Ltd.
on a daily basis. The index calculation method follows the
EFFAS
The European Federation of Financial Analysts Societies (EFFAS) is the federation of analysts associations in Europe. EFFAS comprises 21 member societies representing more than 14,000 investment professionals. EFFAS was founded in 1962 and the he ...
Bond Commission's total return bond index recommendations.
Index characteristics
The inception date is December 31, 1996 and each index consists of local currency-denominated fixed-rate government
bonds and
bills of the
Hungarian Republic
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...
.
* RMAX Index consists of bills and bonds in maturity range of 91–365 days and rebalances every
fortnight
* MAX Index consists of bonds in maturity range of over 365 days and rebalances monthly
* MAX Composite Index is the composite of the RMAX and MAX indices
* ZMAX Index consists of bills and bonds in maturity range of 14–182 days and rebalances weekly
External sources
Government Debt Management Agency Ltd.Detailed Index Descriptions
References
{{DEFAULTSORT:Max Index
Economy of Hungary
Government bond indices