Markit has launched an index that tracks the aggregate return of roughly 100 of the most liquid dollar-denominated leveraged loans, the financial information services company announced today.
Known as the Markit iBoxx USD Liquid Leveraged Loan Index, this new metric will be comprised of loans picked from a pool of about 3,000 loans. It will be valued daily and rebalanced monthly.
Markit Managing Director Armins Rusis said the index “provides important insight into the performance of the most liquid leveraged loans.”