You have to validate the disclaimer to access this website.

SGI Credit North America HY 100

Index level: 1339.69 as of 20/07/2017

Main characteristics

Bloomberg Code SGIXCAHY
Inception Date 01/07/2013
Return Type Excess Return
Currency USD
CALCULATED_BY Markit

Objective

SGI has constructed an Excess Return index of the credit market index that isolated the returns of a long credit position in the on-the-run CDX NA HY 5-year CDS Index. The SGI Credit North America HY 100 Index gives direct exposure to the credit spread evolution of North American High Yield corporate names (below BBB-).

Mechanism

The SGI Credit North America HY 100 Index offers an optimised construction with an equivalent coupon level yielding the credit risk premiums. In addition the Index offers a pure exposure to the credit without interest rates duration sensitivity. The exposure to the 5-year CDX NA HY CDS is rolled over every six months in order to remain exposed with a close to 5-year target duration. Thanks to this transparent construction and highly liquid components, the SGI Credit North America HY 100 Index offers an easy access to the credit market.


The SGI Credit North America HY 100 (USD - ER) are administered and calculated by Markit. For more information, see www.markit.com.
Login to add this product to your favorites