Frankfurt (19 November 2020) – MV Index Solutions GmbH (MVIS®) today launched the MVIS Moody's Analytics® US BBB Corporate Bond Index (ticker:MVBI) and the MVIS Moody's Analytics® US Investment Grade Corporate Bond Index(ticker: MVCI).
The MVIS Moody's Analytics® US BBB Corporate BondIndex (ticker: MVBI)is designed to track the performance of U.S. dollar-denominated BBB ratedcorporate bonds and the MVIS Moody's Analytics® US Investment GradeCorporate Bond Index (ticker: MVCI) tracks the performance ofU.S. dollar-denominated investment grade corporate bonds. The bonds are issuedin the U.S. domestic market by U.S. and non-U.S. issuers that offer an excessspread over fair value, while excluding bonds exhibiting the highest probabilityof being downgraded to non-investment grade, based on proprietary credit riskmetrics developed by Moody’s Analytics, Inc.
“Weare excited to launch these innovative Corporate Bond indices which draw oncredit 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, addingtwo unique new tools for fixed income investors.”
The indices are calculated in U.S. dollars asa total return gross index and are rebalanced on a monthly basis. A modifiedmarket cap weighting methodology is used.
Theweightings of the MVIS Moody's Analytics® US BBB Corporate Bond Index (ticker: MVBI) are capped at 5% and weightings of the MVIS Moody's Analytics® US Investment Grade Corporate Bond Index(ticker: MVCI) at3% per issuer of corporate bonds on the index level and at 25% per businesssector in which the issuer of the corporate bonds operates on the index level.The excess weight shall be redistributed proportionally across all otheruncapped corporate bonds.
Detailed information about the Indices,including methodology details and index data, are available on the MV IndexSolutions website.
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