Markit launches new index to track highly liquid leveraged loans

By Sara Rosenberg

New York, Oct. 17 - Markit announced in a news release on Monday that it launched an iBoxx USD Liquid Leveraged Loan Index that will track the total return of a basket of about 100 of the most liquid dollar-denominated leveraged loans.

The new index will be valued daily, using multiple sources of independent pricing data and up-to-date instrument reference data and information on corporate actions.

So far this year, the total return for liquid loans, as gauged by the new index, is negative 2.13%.

Markit is a financial information services company.

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