Markit announces changes to iTraxx Asia ex-Japan HY, IG indexes

By Laura Lutz

Des Moines, March 19 - Markit Group Ltd. announced additions to and removals from its five Markit iTraxx Asia indexes, including the Markit iTraxx Asia ex-Japan HY and the Markit iTraxx Asia ex-Japan IG.

For the HY index, China Fishery Group Ltd. and Citic Resources Holdings Ltd. are being added, and C&M Co., Ltd. and Hanarotelecom Inc. are being removed.

For the IG index, PTT Aromatics and Refining PCL and Sun Hung Kai Properties Ltd. are being added, and Aromatics (Thailand) PCL and IOI Corp. Bhd. are being removed.

Both are expected to roll on Thursday.

The two indexes are sub-indexes of the Markit iTraxx Asia Ex-Japan Main index, which began trading in September.

Neither the Asia Ex-Japan Main index nor the Markit iTraxx Japan 80 will roll into the new series, based on dealer polls, Markit said.

The Markit iTraxx Australia index will also roll on Thursday. The Markit iTraxx Japan Main and the Market iTraxx Japan HiVol will roll on Friday.

Markit provides independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets.

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