The ABX index is a synthetic tradable index referencing a basket of 20 subprime mortgage-backed securities.
ABX helps market participants assess the performance of subprime residential mortgage-backed securities (RMBS). Its liquidity and standardization enable investors to accurately gauge market sentiment around the asset class, and to take short or long positions accordingly.
- Transparency – Leverage indices that are constructed using an objective, rules-based approach and public availability of daily closing prices
- Standardization – Rely on the standardized selection of reference obligations, contract documentation and availability of payments amounts with monthly calculation and posting
- Sentiment – Track movements in subprime RMBS market sentiment with daily composite levels
- Liquidity – Better understand liquidity and transparency around the index using our free PV calculator