Dow Jones unveils four new Costa Rican bond indexes

Dow Jones Indexes, a global index provider, LVA Indices, a fixed income index and pricing provider in Chile, and Proveedor Integral de Precios (PiP), an index and pricing provider in Latin America, have launched four new bond indexes for Costa Rica as part of the Dow Jones LATixx index family.

The newly indexes are designed to measure the performance of the Costa Rican government’s debt instruments in local currency and US dollars and serve as a basis for investment products such as exchange-traded funds, structured products, futures and options.

The new indexes are: the Dow Jones LATixx Costa Rica Government Colones Fixed Rate Index, Dow Jones LATixx Costa Rica Government Colones Variable Rate Index, the Dow Jones LATixx Costa Rica Government US Dollar Fixed Rate Index, and Dow Jones LATixx Costa Rica Government US Dollar Variable Rate Index.

Dow Jones Indexes president Michael Petronella said as interest in Costa Rica’s growing economy increases, these indexes will offer investors an opportunity to measure the government’s bond market, both in local currency as well as in US dollars. These are the first indexes in the series that measures Costa Rica, specifically.

LVA Indices CEO Gregorio Gonzalez said the new indexes will provide local investment managers with the ability to benchmark the performance of their portfolios against Costa Rican government bonds, a critical factor in measuring and analyzing results.