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Barclays sets changes for several benchmark emerging markets indexes
By Jennifer Chiou
New York, Nov. 4 – Barclays plc announced that it has made changes to several of its benchmark fixed-income indexes after concluding its annual index review and governance process in October.
According to a news release, two of the affected indexes include the Global Aggregate index and the Barclays’ Emerging Markets index.
For the former, the Malaysian ringgit-denominated sukuk issued by the Malaysian government will become eligible for both the Global Aggregate and Asian-Pacific Aggregate indexes as of March 31.
These securities will also be eligible for the EM Local Currency Government indexes on the same date.
For the Barclays’ Emerging Markets index, the country definition will be enhanced to explicitly exclude euro area members on the date of their adoption of the euro currency.
As a result, Latvia and Lithuania will be removed from the Barclays EM country list on Jan. 1, the release stated.
The financial services company is based in London.
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