International Index Company (IIC), which runs the iBoxx and iTraxx indices, has bought Goldman Sachs’ credit indices.
The GS $ InvesTop Index and the GS $ HYTop Index will become the iBoxx $ Liquid Investment Grade Index and the iBoxx $ Liquid High Yield Index respectively. The transition is expected to be completed by the end of October.
They will add to IIC’s existing high-grade indices in euro, dollar and sterling.
As part of the deal Goldman becomes one of 12 shareholding members of IIC along