Bloomberg Indexes Acquires UBS Australia Bond Indexes
Strategic Acquisition Supports Index Independence and Market Transparency in
SYDNEY & NEW YORK -- April 2, 2014
Bloomberg Indexes, the independent, global index provider, today announced it
has completed the acquisition of Australia’s leading bond index family from
UBS. Under the transaction, Bloomberg will acquire all UBS Australia bond
indexes, including the benchmark UBS Composite Bond Index. The index family
will be renamed the "Bloomberg AusBond Indexes" and will be independently
calculated, maintained and licensed by Bloomberg to support transparency in
Australia's fixed income market.
"There is a clear and necessary shift towards independent indexing and greater
transparency in global fixed income benchmarks," said Srikant Dash, Head of
Bloomberg Indexes. "This acquisition provides true independence to an index
family used extensively by institutional investors and asset managers. We are
committed to a seamless transition in Australia and will continue to leverage
Bloomberg's heritage in bond markets to bring independence and transparency to
fixed income benchmarks, globally."
The Bloomberg AusBond Indexes include more than 500 bonds and are used as
benchmarks for the majority of fixed income assets in Australia. Bloomberg
will independently price the index family using its evaluated pricing and will
calculate and publish the indexes daily. The Bloomberg AusBond Indexes will
continue to be available for distribution on multiple platforms.
Duncan Haig, Head of FX, Rates & Credit, UBS Australia commented, "After 25
years of providing the leading bond indexes in Australia, UBS is delighted to
announce the transitioning of the indexes to Bloomberg, a globally-renowned
index provider, as we continue to concentrate fully on our Australian fixed
income business. Bloomberg offers the fixed income community global expertise
and independence of calculation and pricing, alongside a range of other
Additional index family and transition information is available at
About Bloomberg Indexes
Bloomberg Indexes, a part of Bloomberg LP, is the first truly global,
independent index provider for the fixed income, commodity and currency
markets. Tracking these underserved categories, Bloomberg Indexes meets the
needs of investors and product issuers with transparent, accessible and
solution-orientated benchmarks. The benchmarks are backed by Bloomberg’s
technology, vast datasets and broad cross-platform distribution across
institutional and media properties.
The Bloomberg Global Bond Index Family is built upon Bloomberg's legacy of
bringing transparency to bond markets and covers global corporates (both
investment grade and high yield), global sovereigns, securitized bonds (U.S.
MBS and European covered), as well as regional market indexes including
Bloomberg Sukuk Indexes for Malaysia, Bloomberg Financial Industry Regulatory
Authority (FINRA) Active U.S. Corporate Bond Indexes and Bloomberg European
Federation of Financial Analysts Societies (EFFAS) Government Bond Indexes. To
learn more about Bloomberg Indexes visit www.bloombergindexes.com.
Bloomberg, the global business and financial information and news leader,
gives influential decision makers a critical edge by connecting them to a
dynamic network of information, people and ideas. The company’s strength –
delivering data, news and analytics through innovative technology, quickly and
accurately – is at the core of the Bloomberg Professional service, which
provides real time financial information to more than 319,000 subscribers
globally. Headquartered in New York, Bloomberg employs more than 15,500 people
in 192 locations around the world. For more information, visit
UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail clients in Switzerland. Its
business strategy is centered on its pre-eminent global wealth management
businesses and its leading universal bank in Switzerland. Together with a
client-focused Investment Bank and a strong, well-diversified Global Asset
Management business, UBS will expand its premier wealth management franchise
and drive further growth across the Group.
Belina Tan, 65-9838-3852
Sabrina Briefel, 212-617-1993
Natalie Harland, 44-20-3525-8820
Caroline Gurney, 61-2-9324-3335
Erica Borgelt, +61-2-9324-3286
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