Strategic Acquisition Supports Index Independence and Market Transparency in Australia
Sydney & New York — 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 services.”
Additional index family and transition information is available at www.bloombergindexes.com/ausbond.
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 www.bloomberg.com/now/.
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.
Bloomberg Media Contacts
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