Bloomberg takes over bond index operation
Bloomberg Indexes has taken over the management and running of the Australian bond indices after completing their purchase from UBS in late September.
The AusBond Index had previously been owned and run by UBS Australia who had agreed to sell it to Bloomberg in April of this year with the latter taking on the index governance, calculation, publication and distribution.
The AusBond Indexes cover more than 700 bonds offered in Australian and New Zealand dollars and are used as benchmarks for most of the fixed income funds on offer in Australia.
Bloomberg stated that since the transition First State Super, Vanguard Investments and Omega Global Investors have begun to use the AusBond Indexes, which are calculated based on BVAL - Bloomberg's own pricing service - and combined with market news, portfolio and risk analytics.
AUTHOR
Jason Spits
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