London and New York, NY - Markit, a leading, global financial information services company, today announced the launch of two new indices to benchmark the performance of liquid corporate high-yield bonds from issuers in over 30 countries, primarily in North America and Western Europe.
The Markit iBoxx Global Developed Markets High Yield Index consists of sub-investment grade corporate bonds denominated in US dollars, Canadian dollars, Euros and Pounds Sterling. The Markit iBoxx Global Developed Markets ex-US High Yield Index consists of sub-investment grade corporate bonds denominated in Canadian dollars, Euros and Pounds Sterling. Each index is market-value weighted.
Armins Rusis, Managing Director and Global Head of Data, Indices and Research at Markit, said: “We welcome these new additions to our iBoxx family of high-yield corporate bond indices. They enable the creation of investment tools that give investors exposure to higher-yielding corporate bonds with diversity in terms of geography and currency.”
Index levels and rules are available on www.markit.com.
Notes to Editors: About the Markit iBoxx indices
Markit iBoxx indices are market-leading fixed income benchmark indices. They are widely used for structured products, fixed income research, asset allocation and performance evaluation across global markets. Markit administers approximately 5,000 iBoxx indices.