Markit has launched a new emerging markets sovereign family of benchmark and tradable indices, Mondovisione reports. The iBoxx USD Emerging Market Sovereigns family references U.S. dollar-denominated emerging market debt.
The offering gives an alternative to Markit’s GEMX suite of local currency denominated emerging market sovereign debt indices. The index family includes a liquid tradable index, which will be used as the basis for index-linked tradable products, such as ETFs.
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