-Barclays launches EM Local Currency Bond Synthetic Replication Index.
Global Banking News - 17 October 2013
Barclays (LSE: BARC) has announced that it has launched the Barclays EM Local Currency Bond Synthetic Replication Index.
The new replication index is aimed at giving foreign investors liquid access to certain emerging market (EM) local currency debt markets where direct exposure can be complex or costly.
Sarah Wang, managing director of EM structuring Asia, Barclays Plc, said, 'The replication strategy breaks down the source of EM returns into risk premium components in a simple and transparent framework, and achieves high correlation and low tracking error to the benchmark index based on historical data. We believe this provides an excellent solution for those frustrated by the costs and complexities sometimes associated with local currency EM debt.'
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|Publication:||Global Banking News (GBN)|
|Date:||Oct 17, 2013|
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