S&P Dow Jones Indices and UBS Launch S&P UBS Leveraged Loan Indices

Core Insights - S&P Dow Jones Indices and UBS have launched the S&P UBS Leveraged Loan Indices, which measure the performance of global loan markets using S&P Global Market Intelligence's data [1][2] - The indices cover over 2,000 indices with a total market value of USD 1.6 trillion, representing the investable universe of leveraged loans in USD, EUR, and GBP [2][3] - The U.S. leveraged loan market has grown from nearly USD 400 billion to USD 1.3 trillion over the last decade, indicating significant market expansion [3] Company Collaboration - The collaboration between S&P DJI and UBS aims to enhance the S&P UBS Leveraged Loan Indices, which have been benchmarks in the leveraged loan market for over 30 years [4] - The indices were previously known as the Credit Suisse Leveraged Loan Indices and are being rebranded following an agreement between S&P DJI and UBS [4] - S&P DJI's iBoxx USD Leveraged Loan Indices will be integrated into the S&P UBS Leveraged Loan Index suite in 2025 [4] Market Impact - The S&P UBS Leveraged Loan Indices are expected to contribute to greater liquidity, transparency, and accessibility in the leveraged finance space [3] - The indices will support the growth of index-linked products and derivatives in the loan market, expanding the overall loan ecosystem [3][5] - S&P DJI and UBS plan to enhance the range of leveraged loan index offerings to meet the needs of global investors and market participants [5]