Markit, a leading, global financial information services company, today announced the launch of the Markit iTraxx SovX Latin America index to complement its Markit iTraxx SovX family of sovereign credit default swap (CDS) indices.
The Markit iTraxx SovX indices offer investors a transparent and standardized tool to monitor the sovereign CDS market and gain access to the asset class on a regional and global basis.
The Markit iTraxx SovX Latin America index is equally weighted and composed of the most liquid sovereign entities from the Latin American region based on data from the DTCC Trade Information Warehouse. The index is currently calculated on a theoretical basis only and will become tradable if investor demand warrants it.
The current constituents of the index are:
• Argentine Republic
• Bolivarian Republic of Venezuela
• Federative Republic of Brazil
• Republic of Chile
• Republic of Colombia
• Republic of Panama
• Republic of Peru
• United Mexican States
Markit’s indices are objective and rules-based. The company publishes index constituent lists and weights as well as closing values on www.markit.com
