Dow Jones Indexes, a leading global index provider, LVA Indices, the leading fixed income index and pricing provider in Chile, and Proveedor Integral de Precios, a leading index and pricing provider in Latin America, have announced the launch of four bond indexes for Costa Rica as part of the Dow Jones LATixx index family. These indexes are designed to measure the performance of the Costa Rican government’s debt instruments in local currency and U.S. dollars.
The Dow Jones LATixx Indexes are designed to serve as a basis for investment products such as exchange-traded funds, structured products, futures and options, Dow Jones said.
“As interest in Costa Rica’s growing economy increases, these indexes will offer investors an opportunity to measure the government’s bond market, both in local currency as well as in U.S. dollars,” said Michael A. Petronella, president, Dow Jones Indexes. “These are the first indexes in the series that measures Costa Rica, specifically.”
“These indexes will offer investors from all over the world an opportunity to observe the emerging economy of Costa Rica in a transparent and understandable way,” said Eduardo Rodriguez, CEO of Proveedor Integral de Precios Centro América.
“The new indexes will provide local investment managers with the ability to benchmark the performance of their portfolios against Costa Rican government bonds, a critical factor in measuring and analyzing results,” said Gregorio Gonzalez, CEO of LVA Indices.
The new indexes evaluate fixed and variable rate debt instruments issued by the Ministerio de Hacienda and the Banco Central both in colons and U.S. dollars.
For more information is available at http://www.djindexes.com, including historical data with a base of Aug. 31, 2009.