Barclays Capital launched new Pan European ABS Benchmark Bond Indices measuring both fixed and floating ABS.
This new benchmark family expands on the firms's existing euro and sterling ABS indices to offer investors a total return benchmark for multi-currency European ABS portfolios.
Based on the six-year published history of the single currency benchmarks, the Pan European ABS Benchmark family is a broad-based measure of both the fixed rate and floating rate euro and sterling-denominated ABS markets.
The expanded index family covers multiple ABS asset classes such as RMBS, CMBS, auto and credit card loan ABS.
Pan European ABS Index data can be accessed on Barclays Capital Live, POINT(r), which is the Barclays portfolio risk management and analytics platform, and on Bloomberg(r).
"The Barclays Capital Euro and Sterling ABS indices are already an important part of the European ABS landscape," said Waqas Samad, head of index, portfolio and risk solutions for Barclays Capital. "These broader Pan European benchmarks are a clear evolution of our market-leading geographic and sector coverage of the fixed income asset class and are just one component of the valuable index, portfolio, and risk solutions we are able to offer ABS investors."