Capturing Alpha from global money market curves.Byline: news@cpifinancial.net (Staff Writer) Barclays Capital said it is launching the Barclays Capital Global Target Exceed Index which is the latest product to come from the Exceed platform. Barclays says it aims to extract alpha from term premium in the short end of the yield curves in a "fully transparent and liquid way" by trading LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). futures contracts. It also allows investors to benefit from diversification across four yield curves (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ). Designed to perform in both rate-hiking and rate-cutting phases of the economic cycle, EUR Exceed and USD Exceed launched in August 2007 and focused on capturing alpha from the EUR and USD yield curves respectively. Atlantic Exceed launched in February 2008 and focused on extracting alpha form both the EUR and USD yield curves. Global Target Exceed extends the yield curves traded to include GBP and JPY, further increasing diversification benefits, and refines the strategy's behaviour in low and high-volatility environments. The Global Exceed strategy can be accessed by institutional investors, pensions funds, asset managers, private banks, insurance companies and other fund managers via a wide range of formats, including excess return swaps, cash-plus floaters floaters /float·ers/ (flo´ters) “spots before the eyes”; deposits in the vitreous of the eye, usually moving about and probably representing fine aggregates of vitreous protein occurring as a benign degenerative change. , funds, OTC options, principal-protected notes (including CPPI), and liability-side swaps allowing for structured funding cost reduction. Barclays Capital will provide data, analytics and support for the index via web-based and other e-commerce protocols. 2009 CPI Financial. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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