Markit Assimilates HSBC’s Asian Bond Indices, Bolstering iBoxx Index Suite

Markit has expanded its Asian focus, adding HSBC's Asian bond indices to its iBoxx index family in the region, which

Markit (Nasdaq:MRKT), a global provider of financial information services, has integrated the HSBC’s ALBI, ADBI and AHBI indices to the Markit’s iBoxx family of indices for an undisclosed financial sum, according to a Markit statement.

Markit’s iBoxx suite constitutes a number of indices, including a focus in Asia – its iBoxx Asian Local Bond Index (iBoxx ALBI), Markit iBoxx Asian USD Bond Index (iBoxx ADBI), and Markit iBoxx Asian USD High Yield Bond Index (iBoxx AHBI) are all part of a leading brand in Asian markets, which Markit aims to reinforce with HSBC’s assimilated indices.

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Markit helps provide a plethora of fixed-income and macroeconomic indices, boasting a global suite of up to 14,000 indices across the spectrum of its business. Its most notable offerings include iBoxx bond indices, iTraxx, and CDX credit derivative indices, as well as the Purchasing Managers’ Index (PMI) series. The integration of HSBC’s indices are noteworthy as they substantially fortify what is already upwards of $90 billion in exchange-traded-funds (ETF) assets already linked to iBoxx indices.

According to Adam Kansler, Managing Director and Co-Head of Information at Markit, in a recent statement on the integration: “We are very excited to expand our presence in APAC and internationally through the reach of these leading Asian brands and have worked closely with HSBC to ensure a smooth transition.”

“These indices underscore our commitment to providing essential benchmarks for passive and active portfolio management,” he added.

Markit recently made headlines after the group and its joint venture launched a strategic partnership with software solutions provider Fenergo to help streamline data management solutions for shared clientele. The accord was important as it will help coalesce Fenergo’s Regulatory Onboarding and CLM solutions with Markit Enterprise Data Management (EDM) in a consolidated stroke.

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