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Main characteristics

Bloomberg Code SGIXBE5
Inception Date 02/08/2007
Return Type Total Return
Currency EUR
CALCULATED_BY S&P Dow Jones

Objective

SGI Bond is a range of 24 investable indices reflecting the monetary and Bond market, each for a given quasi-constant maturity in a given currency. SGI Bond provides a synthetic exposure to bonds with 4 or 5 different maturities depending from the currency.
On the launch date, the SGI Bond range offers access to 4 different maturities and 5 different currencies (5 currencies as a whole).
SGI Bond can be used as a benchmark for bond portfolios, and as an underlying for financial instruments.

Mechanism

Unlike standard bond indices, SGI Bond seeks to replicate the exposure to bonds through derivative instruments. To make the constant maturity feature possible, the index is rolled-over on a monthly basis and reinvested at the corresponding swap rate to match the targeted duration.
SGI Bond indices are not sensitive to the credit market.


The SGI Bond 5Y EUR (EUR - TR) (The “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate the Index. S&P® is a registered trademarks of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices Custom” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been sublicensed for certain purposes by SG. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates shall be liable for any errors or omissions in calculating the Index.