Barclays Capital Launches Emerging Markets Tradable Local Currency Bond Index

Barclays Capital, publisher of leading fixed income benchmark indices, today announced the launch of a new Emerging Markets Tradable Local Currency Bond (EMLOCAL) Index. The EMLOCAL Index is the latest addition to the Barclays Capital Emerging Markets (EM) index platform, which includes benchmark bond indices (hard currency, local currency and inflation-linked indices), tradable bond indices, FX indices, equity indices, and interest rate swaps indices.

The EMLOCAL Index is a rules-based tradable subset of the flagship Barclays Capital Emerging Markets Local Currency Government benchmark index, and is composed of debt from up to 16 EM countries. The EMLOCAL Index is rebalanced semi-annually and includes representative and liquid benchmark-eligible bonds from four different regions (Latin America, Eastern Europe, Middle East & Africa, and Asia), with caps and floors by both country and region to ensure diversification across markets.

“The Barclays Capital EMLOCAL Index is a result of the significant investment we have made in our EM Index platform,” said Waqas Samad, Head of Index, Portfolio and Risk Solutions for Barclays Capital. “Global investors seeking an increased EM allocation and dedicated EM investors both benefit from the market clarity offered by our extensive family of benchmark and tradable EM indices.”

The EMLOCAL index broadens the suite of available Barclays Capital local currency debt index products and represents the latest in a steady pipeline of EM tradable bond indices, including the recently launched EM Tradable Government Inflation-Linked Bond (EMTIL) Index.

About Barclays Capital Index, Portfolio and Risk Solutions

The Barclays Capital Indices platform offers market-leading benchmarks and other index products to meet the diverse needs of global investors including investment and market analysis of both alpha and beta sources, portfolio benchmarking and performance measurement, asset allocation, and the creation of index tracking funds and index-based structured products.

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 25,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide. For further information about Barclays Capital, please visit our website www.barclayscapital.com.