Barclays Capital is launching Barclays Capital CAD Inspire Index, the investment banking division of Barclays Plc said Wednesday.

The index allows Canadian investors access to liquid inflation markets in a manner designed to mimic Canadian inflation.

This is the second index to be launched in the Inspire Index family; the AUD Inspire Index was launched in February.

This product is not available to individual investors.

“The Inspire Index family adds to Barclays Capital’s already broad range of index products spanning beta, enhanced beta and alpha strategies. We plan to expand the Inspire Index family to provide access to inflation exposure engineered to replicate the inflation of other target countries,” said Jose Mazoy of the index products team.

The CAD Inspire Index is designed to provide synthetic inflation protection for institutional investors in Canada using an optimized weighted combination of liquid swap indices from the United States, UK and Euro area.

“Barclays Capital is pleased to offer an innovative solution for clients to tackle the challenge faced by investors who want to create economically efficient portfolios and hedge against inflationary risk in Canada, in a flexible and cost effective manner,” said Ralph Segreti, managing director and inflation-linked and fixed income index derivatives product manager.

Barclays Capital will provide data, analytics and support for these indices via web-based and other e-commerce protocols.

The indices are available on Barclays Capital’s index website and are calculated daily using standard settlements and market calendars most appropriate for international investors.
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Barclays Capital in Canada has offices in Toronto and Calgary and provides investment banking products and services to corporate, government and institutional clients. The firm also operates a growing commodities trading business in Canada.

IE