Markit Launches Markit iTraxx SovX Asia Pacific Index

Markit announced plans to launch the Markit iTraxx SovX Asia Pacific index.  The index will track investor perceptions of…

The index, which forms part of the Markit iTraxx SovX family of credit default swap (CDS) indices, will be a useful barometer of the sovereign CDS markets in the Asia Pacific region.  It will also provide market participants with a standardised tool to hedge their exposure to the risk of the ten countries with the most liquid sovereign CDS in the region. The initial series of the Markit iTraxx SovX Asia Pacific index will include the following constituents:

The Markit iTraxx SovX Asia Pacific index will start trading as Version 1 of Series 3 for consistency with other Markit iTraxx SovX indices.  More than ten market makers, including international and local financial institutions, are expected to provide liquidity for this index.

Source: ETFWorld – Markit