Markit will be launching an ABX.HE 05-2 index on Oct. 2. The ABX.HE is a tradable synthetic index of U.S. subprime ABS.
The addition of the new index, which resulted from a majority vote of licensed dealers, will offer institutional investors with a greater ability to gain or hedge exposure to an earlier vintage of U.S. RMBS, a release from Markit said.