Markit, a financial information services provider, today announced the launch of the Markit iTraxx Europe Financial Total Return indices.
The new indices replicate the performance of a sample portfolio that buys or sells a Markit iTraxx CDS contract and invests the remaining notional amount in money market instruments. These indices have been designed to serve as a benchmark for institutional investors with debt positions in financial institutions.
The Markit iTraxx Europe Financial Total Return indices are comprised of the following:
- Markit iTraxx Europe Senior Financials 5-Year Total Return Index
- Markit iTraxx Europe Subordinated Financials 5-Year Total Return Index
- Markit iTraxx Europe Senior Financials 5-Year Short Total Return Index, and
- Markit iTraxx Europe Subordinated Financials 5-Year Short Total Return Index.
Markit has licensed Deutsche Bank to offer Exchange Traded Funds on these four new indices.
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