Citi has added a suite of emerging markets indices to its fixed income index family. The Emerging Markets Government Bond Index (EMGBI), which will form the basis of the indices is designed to measure the performance of fixed-rate, local currency sovereign bonds. It will also serve as a benchmark for the emerging sovereign fixed income markets.
EMGBI-JIT, a variant of the EMGBI is designed to serve as a benchmark for performance evaluation by Japanese investment trusts. Also, three emerging markets – China, India, and Sri Lanka will join the index family as individual indices to form a set of EMGBI Additional Market Indices. These markets will be monitored for inclusion to the EMGBI if specific criteria are met.
“Citi is committed to providing relevant instruments to investors,” said Anil Prasad, Global Head of FX and Local Markets at Citi. “We leverage our research expertise, coupled with our index construction discipline to create benchmarks that provide investors with a point of reference for evaluation of their portfolio’s performance.”
“We are delighted to add these emerging market indices to our government bond index series, and believe this will provide investors the opportunity to gain exposure to growing economies,” said Richard Burns, Global Head of Citi Fixed Income Indices and The Yield Book.Citi Fixed Income Indices are widely used by the investment community as the benchmark of choice. We have over 30 years of experience in this area, with a product offering including a range of multi-currency, multi-asset global debt market indices. Our indices may be licensed for use in OTC or exchange traded products and can be customized to suit specific client needs. Over the years, we have worked with leading financial institutions in the creation of ETFs, structured products, and index swaps. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.