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Bloomberg buys UBS bond indexes
UBS has sold its bond index catalogue to global index and news provider Bloomberg.
Bloomberg says the acquisition, which will include more than 500 bond indexes, will support transparency in the Australian fixed income landscape.
The former UBS indexes will be renamed “Bloomberg AusBond Indexes” and still be available on multiple platforms.
Pricing information will be calculated and published daily, Bloomberg said.
“This acquisition provides true independence to an index family used extensively by institutional investors and asset managers,” Bloomberg Indexes head Srikant Dash said.
“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.”
UBS head of FX, Rates & Credit Duncan Haig said UBS will continue to “concentrate fully” on its Australian fixed income business.
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