Citigroup adds series of Emerging Markets Government Bond indexes

By Tali David

Minneapolis, July 8 - Citigroup Inc. added a suite of emerging markets indexes to its fixed-income index family, according to a press release. The Emerging Markets Government Bond index, which will form the basis of the indexes, is designed to measure the performance of fixed-rate, local-currency sovereign bonds. It will also serve as a benchmark for the emerging sovereign fixed-income markets.

EMGBI-JIT, a variant of the Emerging Markets Government Bond index, is designed to serve as a benchmark for performance evaluation by Japanese investment trusts.

In addition, three emerging markets - China, India and Sri Lanka - will join the index family as individual indexes. These markets will be monitored for inclusion in the Emerging Markets Government Bond index if specific criteria are met.

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