Markit launches new range of EM debt indices and benchmarks

market_index_410Markit, a data provider, has launched a new range of emerging market debt benchmarks and indices in response to increased investor interest in the space. The Markit iBoxx USD Emerging Markets Sovereigns is a family of benchmark and tradable indices referencing US dollar-denominated emerging market debt. The index family includes a liquid tradable index which will be used as the basis for index-linked tradable products such as exchange traded funds (ETFs). The benchmark index comprises 37 emerging market countries and 190 bonds, and is rebalanced monthly. The tradable index is made up of 20 countries and 36 bonds which are selected quarterly from the benchmark index based on the total amount outstanding for each country in the benchmark index and the latest quarterly bond trading volumes. Stephan Flagel, managing director and head of indices at Markit, said: “One of our priorities was to create an independent benchmark for emerging market debt and a corresponding highly liquid index with multi contributor pricing that could be used as the basis for tradable products." The range is said to complement Markit’s GEMX index, launched in 2008, which tracks the performance of emerging market sovereign debt denominated in local currency. Markit said that its fixed income emerging market indices use multiple pricing sources, helping to ensure they are independent, objective and transparent. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.