Index developed in cooperation with Professor
The Market Vectors Altman North America Defaulted & Distressed Bond Index has been developed together with Professor
“We are very proud of the cooperation with Professor Altman. The defaulted and distressed bond universe has long been one of the most exciting, and one of the most obscure, facets of the fixed income market”, said
“I am excited to be part of an effort that has resulted in an index that combines distressed and defaulted bonds”, said Professor Altman. “A combination of distressed high-yield and defaulted bonds has outperformed most asset classes over long and medium terms from an absolute and risk-adjusted basis”, he continues. “These bonds also tend to be negatively correlated to government and highly-rated investment grade debt, and correlate even less to equity securities than traditional high-yield bonds and bank loans.”
The Market Vectors Altman North America Defaulted & Distressed Bond Index contains bonds in both the defaulted bond sector and the distressed bond sector which are denominated in U.S. Dollars and are incorporated and domiciled in the U.S. or
The Market Vectors Altman North America Defaulted & Distressed Bond Index is rebalanced monthly while the target allocation of the index is reviewed quarterly. Derived from MVRCOV are two sub-indices, the Market Vectors Altman North America Defaulted Bond Index (MVRCDE) and the Market Vectors Altman North America Distressed Bond Index (MVRCDI).
Detailed information about the indices and the full range of Market Vectors Indices, including methodology details and comprehensive data is available on www.marketvectorsindices.com.
Note to Editors
Market Vectors Index Solutions develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. Market Vectors Indices cover several asset classes, including hard assets and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products. Approximately
Market Vectors Index Solutions
Source: Market Vectors Index Solutions