Barclays Index To Track CMBS 2.0


Barclays Capital plans to launch its US Commercial Mortgage-Backed Securities (CMBS) 2.0 Index on Jan. 1, 2011.

The new index will be a rules-based index constructed to measure the market of investment-grade CMBS conduit and fusion deals issued since the beginning of 2010. To date, these securities have been issued as private placements and are therefore not eligible for the Barclays Capital US Aggregate Index.

While many of the CMBS 2.0 deals are already eligible for the broader Barclays Capital US Investment-Grade CMBS Index, Barclays says, this new index also captures additional securities with a broader set of eligibility criteria, including a lower minimum deal size of $250 million. Sub-indices based on quality rating and average life will also be available.

SOURCE: Barclays Capital

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