Markit launches index to monitor German sovereign, sub-sovereign debt

By Ashley Montgomery

Kansas City, Kan., Jan. 26 - Markit launched its new cash bond Markit iBoxx EUR Germany Sovereign & Sub-Sovereign Liquid Index on Thursday, according to a news release.

"With the performance of European economies diverging, investors want to be selective. We are pleased to have designed this index at a time when there is growing interest in targeted exposure to European sovereign debt," said Armins Rusis, Markit managing director and global head of data, indices and research, in the news release.

According to the release, ProShares on Thursday launched a fund related to the index. The fund is ProShares German Sovereign/Sub-Sovereign ETF (NYSE: GGOV).

Markit is a financial information services company.

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