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Markit iBoxx USD Leveraged Loan Indices
Markit iBoxx leveraged loan indices provide powerful insight into the loan market by combining real-time market information from Markit Loan Pricing and Markit WSOData.
Product summary:

The indices serve as benchmarks as well as the basis for customised US leveraged loan indices. Markit’s loan indices are the only loan indices to incorporate up-to-date reference and corporate actions data on loans.

The Markit iBoxx USD Leveraged Loan Index, with about 850 constituents, is a barometer of the broad loan market.  The Markit iBoxx USD Liquid Leveraged Loan Index is comprised of about 100 of the most liquid, tradable leveraged loans, as identified by Markit’s Loans Liquidity service. Markit is a premier provider of independent, transparent, and objective indices for trading, product structuring, and benchmarking to bring transparency and liquidity to the financial markets.

Key benefits:
Timely – Markit’s loan indices are alone in incorporating data from over 7.5 million corporate actions yearly, virtually as they occur
Transparency – An objective, rules based approach to portfolio construction and the availability of daily close prices at http://indices.markit.com provides important transparency
Depth of data – Wide range of analytical values are available for sophisticated performance measurement
Objective – Multi-contributor pricing means that each loan in Markit’s loan indices is objectively valued
Key functions:
Comprised of a main index and three sub-indices based on Realised Gains, Unrealised Gains and Interest/Fees
Rebalanced monthly based on a transparent roll mechanism
Represents the tradable, liquid USD leveraged loan market
Rating, sector and maturity sub-indices to enable multi-dimensional analysis
The index is created from real-time referential and transactional information on over 5000 loans are scanned for possible inclusion in the index
Markit iBoxx USD Leveraged Loan Index can be customised to the specific requirements of a client for benchmarking purposes or serve as the basis for structured products and Exchange Traded Funds (ETFs)
Factsheet
Markit iBoxx USD Liquid Leveraged Loan IndexMarkit iBoxx USD Liquid Leveraged Loan Index
Markit iBoxx USD Leveraged Loan Index Levels
Related Links
indices.markit.com
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