Sections
Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Cattle - Hogs / Livestock News
Interest Futures News
Metals Futures News
Reports: Crops, CFTC, etc
Soft Commodities News

Futures and Commodity Market News

MVIS Launches the MVIS Moody's Analytics(R) US BBB Corporate Bond Index and the MVIS Moody's Analytics(R) US Investment Grade Corporate Bond Index

FRANKFURT, Germany, November 19, 2020 (BUSINESS WIRE) --

MV Index Solutions GmbH (MVIS(R)) today launched the MVIS Moody's Analytics(R) US BBB Corporate Bond Index (ticker: MVBI) and the MVIS Moody's Analytics(R) US Investment Grade Corporate Bond Index (ticker: MVCI).

The MVIS Moody's Analytics(R) US BBB Corporate Bond Index (ticker: MVBI) is designed to track the performance of U.S. dollar-denominated BBB rated corporate bonds and the MVIS Moody's Analytics(R) US Investment Grade Corporate Bond Index (ticker: MVCI) tracks the performance of U.S. dollar-denominated investment grade corporate bonds. The bonds are issued in the U.S. domestic market by U.S. and non-U.S. issuers that offer an excess spread over fair value, while excluding bonds exhibiting the highest probability of being downgraded to non-investment grade, based on proprietary credit risk metrics developed by Moody's Analytics, Inc.

"We are excited to launch these innovative Corporate Bond indices which draw on credit metrics developed by Moody's Analytics, Inc.," said Steven Schoenfeld, CEO at MV Index Solutions. "Both MVBI and MVCI provide exposure to U.S. corporate bonds that exhibit a relatively low risk of being downgraded, adding two unique new tools for fixed income investors."

The indices are calculated in U.S. dollars as a total return gross index and are rebalanced on a monthly basis. A modified market cap weighting methodology is used.

The weightings of the MVIS Moody's Analytics(R) US BBB Corporate Bond Index (ticker: MVBI) are capped at 5% and weightings of the MVIS Moody's Analytics(R) US Investment Grade Corporate Bond Index (ticker: MVCI) at 3% per issuer of corporate bonds on the index level and at 25% per business sector in which the issuer of the corporate bonds operates on the index level. The excess weight shall be redistributed proportionally across all other uncapped corporate bonds.

Detailed information about the indices, including methodology details and index data are available on the MV Index Solutions website.

Key Index Features MVIS Moody's Analytics(R) US BBB Corporate Bond Index (ticker: MVBI) Number of Components: 284 Base Date: 03/31/2007 Base Value: 1000

Key Index Features MVIS Moody's Analytics(R) US Investment Grade Corporate Bond Index (ticker: MVCI) Number of Components: 365 Base Date: 03/31/2007 Base Value: 1000

Note to Editors: About MV Index Solutions - www.mvis-indices.com MV Index Solutions (MVIS(R)) develops, monitors and licenses the MVIS Indices and BlueStar Indexes, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 20.10 billion in assets under management (as of 19 November 2020) are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.

Moody's Analytics(R) is a registered trademark of Moody's Analytics, Inc. and/or its affiliates and is used under license.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201119006172/en/

SOURCE: MV Index Solutions GmbH

<img alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&sty=20201119006172r1&sid=cmtx6&distro=nx&lang=en" style="width:0;height:0" />

Media Contact 
Severine Thasler-Jager, MV Index Solutions
+49 (0)69 4056 695 53
media-enquiries@mvis-indices.com
comtex tracking

Copyright Business Wire 2020

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.


Extreme Futures: Movers & Shakers

Hottest

Actives

Gainers

Today's Hottest Futures
Market Last Vol % Chg
Loading...

close_icon
open_icon