Linked

      Sep 03 2018
      iTraxx Asia ex-Japan Rule Announcement

      Review of Country weighting
      For iTraxx Asia ex-Japan Series 30, IHS Markit is considering introducing country weight adjustments. The principal selection criteria under current index rules is CDS liquidity. While this will remain, IHS Markit is considering reducing/increasing country weights that are overweight/underweight in iTraxx Asia ex-Japan in comparison to iBoxx USD Asia ex-Japan Investment Grade Index. This change is being considered based on feedback from market participants that the iTraxx Asia ex-Japan country weights need to be more closely aligned with overall USD Asian Investment Grade debt outstanding.
      IHS Markit is considering removing the least liquid CDS names from overweight countries in iTraxx Asia ex-Japan and replacing them with the largest cash market issuers from underweight countries from the iBoxx USD Asia ex-Japan Investment Grade Index. A limited number of non-liquid CDS names could be introduced for iTraxx Asia ex-Japan Series 30.
      IHS Markit would ask market participants to please contact (itraxxadvisory@ihsmarkit.com) with any queries.