Barclays said that the new index provider investors a total return benchmark for multi-currency Asia Pacific (APAC) convertible bond portfolios and expands the geographic presence of the Barclays Capital convertibles index family.
According to the UK bank, the index is designed as a benchmark for active or passive portfolios. The indices are available for the full APAC region as well as for Japan only and APAC ex-Japan only.
The bank added that a suite of sub-indices are also available, offering structural breakdowns of market performance by convertibles profile, sector classification, currency, country and credit quality.
Barclays Capital head of Convertibles Research, EMEA and Asia Pacific Luke Olsen said the Barclays Capital Asia Pacific Convertibles Index appeals to dedicated convertibles investors as well as crossover debt and equity investors seeking useful measures for convertible asset class returns in the APAC region.
Barclays Capital head of Index, Portfolio and Risk Solutions Waqas Samad said investors seeking market clarity on a global asset class depend on benchmark indices both as performance targets and informational measures of market returns and risk characteristics.
