Barclays launches inflation-linked emerging market benchmarks

By Susanna Moon

Chicago, Oct. 29 - Barclays Capital said it created a family of local-currency Emerging Market Government Inflation-Linked Bond benchmark indexes.

Individual indexes track the performance of inflation-linked bonds issued by the sovereign governments of Argentina, Brazil, Chile, Colombia, Mexico, Poland, South Korea and Turkey.

The indexes, along with the existing Barclays/BESA South African Inflation-Linked Bond Index, are used to create benchmarks tracking debt in Latin America, Asia and Eastern Europe, Middle East and Africa. All of the component indexes form the Emerging Market Government Inflation-Linked Bond benchmark index.

The indexes are calculated daily and use standard settlements and market calendars most appropriate for international investors, according to a press release.

"The new global EM Government Inflation-linked Bond indices are another step forward in the development of these markets and is testament to the growing demand for exposure to inflation across the globe," Diego Gradowczyk, managing director, head of Latin America credit/rates and EMEA credit trading at Barclays Capital, said in the release.

Barclays said customized indexes also are available and that it would provide support and analytics for the indexes.

Barclays Capital is the investment banking division of London-based Barclays Bank plc.

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