Bloomberg Buys UBS Aussie Bond Indexes
The UBS bond index family, which will be rebranded as Bloomberg AusBond Indexes, includes more than 500 bonds used as benchmarks for the majority of fixed income assets in Australia.
Under the handover, Bloomberg will now price the indexes using its evaluated pricing capabilities, and will calculate and publish the indexes on a daily basis over multiple platforms besides Bloomberg services.
"There is a clear and necessary shift towards independent indexing and greater transparency in global fixed income benchmarks," says Srikant Dash, head of Bloomberg Indexes, adding that the vendor is committed to providing a "seamless transition" for clients of the indexes. "This acquisition provides true independence to an index family used extensively by institutional investors and asset managers."
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