Offering the opportunity to access enhanced beta across the globe
Barclays and Roubini Global Economics have collaborated to launch the Roubini Barclays Country Insights™ Indices, a family of tradable equity indices.
The indices are based on the Roubini Country Insights™ model that benchmarks the strengths and weaknesses of countries around the world and provides investors with a way to differentiate between countries in today’s difficult macro-environment.
Working from the premise that the majority of investors would not invest in a company without first assessing its assets, liabilities and ownership structure, the Roubini Barclays Country Insights™ Indices aim to perform a similar analysis when looking at the economic attractiveness of a country.
Instead of focusing entirely on a country’s short-term economic performance, the indices use current data in an attempt to understand the investment risk and benefits of a particular country or region. This data includes factors that impact a country’s ‘balance sheet’, including the health of the banking system, the total debt of the economy, the age of the population and its ability to innovate.
The Roubini Barclays Country Insights™ Indices aim to provide enhanced beta exposure by notionally allocating exposure, whilst considering liquidity, in a systematic manner to equity benchmark indices in countries that the model perceives to be the most fundamentally sound. Clients can use the indices as the underlying for a variety of products to attempt to capture enhanced risk-adjusted returns in their choice of region in a passive index format.
The indices are available in four versions: All-World, Developed Markets, Developed Markets ex-North America and Emerging Markets.