Frankfurt-based International Index Company has launched the iBoxx Euro High Yield Index Family. The indexes provide benchmarks for the sub-investment grade fixed-income market for euro-denominated corporate bonds. They can also be used as underlyings for structured products.
'Constrained' and 'unconstrained' indexes are published. In the constrained indexes, issuers are limited to a maximum weighting of 3% and the weighting is adjusted monthly. A full range of sector, maturity and rating ind