Absa Capital and Barclays Capital re-launch South Africa Government Inflation-Linked Bond Index
Absa Capital, the investment banking division of Absa Bank Ltd (Absa), and Barclays Capital, the investment banking division of Barclays PLC, today announced the relaunch of their South Africa Government Inflation-Linked Bond Index as the Barclays Capital/Absa South Africa Government Inflation-Linked Bond Index.
The product is part of the Barclays Capital Emerging Markets Government Inflation-Linked Bond Index (EMGILB) which measures the total return performance of inflation-linked bonds from the major emerging market countries.
The Barclays Capital/Absa South Africa Government Inflation-Linked Bond Index consists of four bonds which make up 7% of the Barclays Capital Emerging Markets Government Inflation-Linked Bond Index and 1% of the Universal Government Inflation-Linked Bond Index.
Pricing for the bonds will be provided by Absa Capital.
Wayne Dennehy, Head of Institutional Structuring at Absa Capital said: “The Barclays Capital/Absa South Africa Government Inflation-Linked Bond Index is designed to provide investors with an accurate benchmark for performance measurement, and offers discrete building blocks for market analysis and portfolio construction.”
“The index provides an accurate, comprehensive depiction of the performance and fundamental characteristics of the South Africa Government inflation-linked bond market and is a sub-set of the Emerging Markets Government Inflation-Linked and Universal Government Inflation Indices.”
Waqas Samad, Head of Index Products and POINT at Barclays Capital, said: “Investors need a reliable benchmark, and as the global leader in inflation-linked trading, products and indices, we are ideally placed to satisfy that demand.”
“Absa Capital has a strong fixed income franchise in South Africa, and our partnership in this product gives us a platform to provide investors with the best benchmark.”
