S&P Dow Jones announces plans to grow fixed-income index business

By Tali Rackner

Norfolk, Va., Jan. 26 – S&P Dow Jones Indices announced its plan to exponentially grow its fixed-income index business throughout the world with the launch of several new indexes, according to a press release.

In total, the new S&P Aggregate Bond index family will cover more than 20,000 individual securities with the ultimate goal of launching thousands of maturity- and sector-based indexes.

"Our objective is clear: to be the premier provider of financial market indices across all asset classes, including all bond types, throughout the world," S&P Dow Jones chief executive officer Alex Matturri said in the release.

"The fallout from the Libor scandal has elevated the importance of both objective and independently governed indices and where the bonds in those indices are priced independently of the dealers involved. We see this as an exceptional opportunity for S&P Dow Jones Indices to rebuild investor confidence in the fixed-income markets, create more profound levels of bond indices in the developed and emerging markets, and establish a new pinnacle of debt market innovation and transparency via the development of factor-based (alternatively weighted) fixed-income benchmarks."

In preparation for expanding its range of fixed-income indices, S&P Dow Jones has added five to its global fixed-income team in the past year and a half, strengthening its presence, product development, and client support in the United States (three), Hong Kong (one) and Mexico (one).

S&P Dow Jones is part of New York-based McGraw-Hill Cos., a resource for index-based concepts, data and research.

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