 | |
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Services | Fixed Income Indices |
| Parent | IHS Markit |
| Website | https://ihsmarkit.com/products/iboxx.html |
iBoxx is a financial services division of IHS Markit that designs, calculates and distributes fixed income indices. iBoxx is overseen by IHS Markit Benchmark Administration Limited (IMBA UK), which is regulated by the Financial Conduct Authority and is an authorized benchmark administrator under the UK Benchmarks Regulation (UK BMR). IMBA UK's benchmark administration activities have been conducted in compliance with the IOSCO Principles for Benchmarks (IOSCO Principles) since 2014.
The iBoxx bond market indices are transparent, rules-based fixed income indices that are primarily used by passive and active professional investors as well as investment banks. iBoxx offers broad benchmarks used to evaluate investment performance and to conduct research, as well as liquid indices used as an underlying for tradable products, such as ETFs and Total Return Swaps (TRS).
The iBoxx product portfolio is global and is supported by multi-source pricing and IHS Markit's proprietary Evaluated Bond Pricing Service (‘EVB’) to improve pricing accuracy, minimise tracking error and safeguard the independence of the indices. iBoxx coverage spans over 20,000 bonds to date and includes corporate, sub-sovereign and sovereign bonds, as well as loans and securitised products.
There is over $150bn in estimated assets under management (AUM) tracking ETFs on iBoxx indices. Notable ETFs, amongst over 150 tracking iBoxx indices, include the iShares iBoxx $ Investment Grade Corporate Bond ETF ‘LQD’ and the iShares iBoxx $ High Yield Corporate Bond ETF ‘HYG’.