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Dow Jones launches LATixx Peru Government Nuevos Soles, Global Peru Government USD bond indexes
By Melissa Kory
Cleveland, Oct. 18 - Dow Jones Indexes, LVA Indices and Proveedor Integral de Precios announced the launch of the Dow Jones LATixx Peru Government Nuevos Soles Bond and the Dow Jones LATixx Global Peru Government USD Bond indexes.
The indexes are designed to measure the performance of the Peruvian government's local and global issues in nuevos soles and U.S. dollars.
The indexes will serve as a basis for investment products such as exchange-traded funds, structured products, futures and options.
"These indexes provide investors with an opportunity to measure the bond market in the emerging nation of Peru," Michael A. Petronella, president of Dow Jones Indexes, said in a news release. "This is the first index in the LATixx family of indexes which measures Peru, specifically. We expect to expand this family of indexes to cover all of the major Latin American markets."
The indexes are market-capitalization weighted and rebalanced monthly. The Dow Jones LATixx Peru Government Nuevos Soles Bond index is calculated in nuevos soles. The Dow Jones LATixx Global Peru Government USD Bond index is calculated in U.S. dollars.
"These indexes will help to develop more sophisticated products in the local market as well as contribute to promoting the Peruvian market abroad," Manuel A. Gonzalez, director of international administration and chief executive officer of LVA Indices said in a news release.
The indexes were first published on Monday. Estimated back-tested history is available back to Jan. 1, 2009, with the base date of Dec. 31, 2008 and an initial value of 1000.
As of Sept. 30, the Dow Jones LATixx Peru Government Nuevos Soles Bond index had a year-to-date performance of 3.49% and the Dow Jones LATixx Global Peru Government USD Bond index had a performance of 16.62%.
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