WGBI stands for the World Government Bond Index, compiled by Citigroup.
Citigroup Index LLC designed, calculated and publish the indices, which may be licensed for use as underlying indices for OTC or exchange-traded structured products, including ETFs, swaps, warrants and certificates.
The WGBI measures the performance of fixed-rate, local currency, investment grade sovereign (i.e. government) bonds. The WGBI is a widely used benchmark that currently comprises sovereign debt from over 20 countries, denominated in a variety of currencies, and has more than 25 years of history available. The WGBI provides a broad benchmark for the global sovereign fixed income market. Sub-indices are available in any combination of currency, maturity, or rating.
One sub-index is the EGBI – the EMU Global Bond Index consists of EMU-participating countries that meet the WGBI criteria for market inclusion: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, and Spain.
The WGBI includes the EMU countries plus the US, Japan, UK, Australia, Canada, Denmark, Malaysia, Mexico, Norway, Poland, Singapore, South Africa, Sweden, and Switzerland
Click here to subscribe for free equity research on investment trusts, funds and listed companies.