Markit iBoxx European ABS joins the iBoxx family of Indices to serve as a standardised, diversified tool referencing securitised floating-rate ABS. It allows market participants to benchmark to indices with various asset class, rating, currency, and country of collateral profiles. Investors can measure the relative performance of their assets as compared to the overall index or relevant sub-index.
Researchers can gain a better understanding of the returns available from the European ABS market. Advisors and fund managers can gain insight into the relative performance of this assets class against other fixed income markets. Strengths of the index include having the broad support of over 20 dealers’ pricing submissions, a standardized set of rules, and the guidance of separate, independent buyside and sellside committees surrounding index functions and advancements.
Key Features and Coverage on RIMES
For this data source, RIMES hosts two indices, Markit iBoxx Netherlands RMBS AAA (AAA) and EUR Index Markit iBoxx Europe ABS (AAA) EUR Index index.
Some of the index data items available include:
- Average Life, Base Market Capitalization, Cash Balance DM/WAL, Asset Value/Depth, Last Price Date, Date of Last, Update Market Capitalization, Number of Constituents, Price Index, Total Return, etc.