Dow Jones Indexes, a leading global index provider, LVA Indices (LVA), the leading fixed income index and pricing provider in Chile, and Proveedor Integral de Precios (PiP), a leading index and pricing provider in Latin America, today launched 22 additional bond indexes for Chile and Mexico. These new….
indexes further complement the Dow Jones LATixx index series which measures corporate and government bonds in major Latin American countries.
The Dow Jones LATixx Indexes are designed to serve as basis for investment products such as exchange-traded funds, structured products, futures and options.
“Adding this comprehensive range of corporate and government bond indexes for Chile and Mexico is another important step to further establish the Dow Jones LATixx Indexes as the region’s prime fixed-income index family. Dow Jones Indexes in co-operation with LVA and PiP remain committed to provide market participants with meaningful and diversified indexes for the bond market, the primary and most dynamically growing asset class in Latin America,” said Michael A. Petronella, president, Dow Jones Indexes.
“The Dow Jones LATixx Indexes represent a unique and superior approach to indexing for local fixed income markets in Latin America. The 22 additional indexes cover the most relevant segments of Chilean and Mexican fixed income instruments and large sets of sub-indexes allow market participants to analyze their portfolios even further and in as much detail as they want,” said Gregorio Gonzalez, CEO, LVA Indices.
“Expanding the Dow Jones LATixx index series by this comprehensive set of bond indexes for Chile and Mexico shows yet again our strong dedication to produce the leading bond indexes for the region,” said Manuel Gonzalez, international division director, PiP.
The additional Dow Jones LATixx Indexes comprise twelve for Chile:
– the Dow Jones LATixx Chile Corporate Bond UF indexes: four indexes measuring the performance of Chilean UF-denominated corporate bonds with modified durations;
– the Dow Jones LATixx Chile Government UF Bond indexes: five indexes measuring the performance of Chilean UF-denominated bonds issued by the Banco Central and the Tesoreria General de la Republica;
– the Dow Jones LATixx Chile Bank Bond Index for senior and subordinate bank bonds issued in Chile;
– the Dow Jones LATixx Chile Extended BCU5 Index measuring the performance of Central Bank BCU bonds with time to maturity between 1282 and 2377 days;
– the Dow Jones LATixx Chile Government Peso Bond Index for Chilean Peso denominated bonds issued by the Banco Central and Tesoreria General de la Republica.
And ten for Mexico:
– the Dow Jones LATixx Mexico Corporate CORP FL DUR 0-5D Index measuring Mexican corporate bonds with floating rates and maturity dates of less than 1820 days, commercial paper with S&P grade equal or greater than “A” and issues larger than 200 million pesos;
– the Dow Jones LATixx Mexico Corporate CORP FX DUR 7+ D Index measuring Mexican corporate bonds with floating rates and maturity dates longer than 2548 days, commercial paper with S&P grade equal or greater than “A” and issues larger than 500 million pesos;
– the Dow Jones LATixx Mexico Government IPAB D Index for Mexican government bonds issued by the Institute for the Protection of Bank Saving (IPAB);
– the Dow Jones LATixx Mexico Government Bondes D D Index for Mexican government bonds for the development of the federal government (BondesD);
– the Dow Jones LATixx Mexico Government UMS EURO D Index for UMS bonds issued in Euros by the Mexican government;
– the Dow Jones LATixx Mexico Government UDIBONOS CI D Index measuring inflation-protected Mexican government bonds in UDIS paying real rates already including taxes;
– the Dow Jones LATixx Mexico Government FLOAT 12M+ D Index representing investment in the same proportion as the current issues of floating-rate-coupon securities issued by the federal government;
– the Dow Jones LATixx Mexico Government REAL 10Y D Index representing investment in the same proportion as the current issues of real-rate-coupon securities issued by the federal government incl. UDIBONOS, Banobras PICs, CBICs and Bonds of Road Infrastructure Compensation with maturities between 1822 and 3640 days;
– the Dow Jones LATixx Mexico Banking BANK 12M D Index measuring the performance of investments of local issues of banks;
– the Dow Jones LATixx Mexico Asset Backed SHF D Index measuring the performance of mortgage bonds by Sociedad Hipotecaria Federal (SHF), the Mexican governmental bank for mortgage funding.
Source: ETFWorld – Dow Jones Indexes
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