SG CIB plans to launch an investable CDS index before the end of the year. The bank hopes that the new index, to be called Credindex, will become a benchmark for the market and facilitate retail investment in credit. It describes credit as a “hidden” asset class, and points out that iTraxx in Europe and CDX in the US cannot be bought by 99% of investors. “iTraxx and CDX are traded for institutions. The idea of Credindex is for it to be a FTSE equivalent – a benchmark,” says Hubert Le Liepvre, global head of credit structuring at SG CIB.
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