Nasdaq OMX has introduced six new indices in the Icelandic bond market.
The indices are based on Icelandic nominal and inflation-linked benchmark bonds that are listed and traded on Nasdaq OMX Iceland.
The new indices will provide insight and transparency into the price development of benchmark bonds which are the most liquid Icelandic government guaranteed bonds.
The new bond indices will benefit investors and fund managers. They summarise important market information on the securities market‘s largest and most liquid asset classes, provide an easily understood performance benchmark and can be used as the basis for exchange traded funds (ETFs). The index values are calculated end of day and are denominated in Icelandic Krona (ISK).
Magdalena Hartman, vice president Nasdaq OMX Global Index Group, says: "With the new Icelandic bond indexes we have a comprehensive product offering in the Icelandic bond index series. Investors, asset managers and analysts will now gain access to a reliable benchmark for Icelandic government guaranteed bonds.”
Magnus Hardarson, vice president Nasdaq OMX Iceland, says: "The Icelandic bond market is highly liquid and transparent as trading occurs mostly on exchange. The Icelandic bond market has a long tradition of trading government guaranteed bonds, and these new information tools will support liquidity in the market. We are particularly delighted that these new indexes will pave the way for exchange traded funds on the Icelandic market.”
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