In Feb 2009, Dibanisa in collaboration with Dr Brett Dugmore of Cadiz Securities, began research to determine the viability of creating an SA bond index that would be investible and superior to the ALBI - this was phase 1. The 2nd phase of the research began in June 2009 and has culminated in the establishment of the index. The index is a combination of the GOVI and a newly created Credit Bond Index. The credit bond index is screened via liquidity/market cap and a substantial amount of Matlab code was written in order to extract daily liquidity analysis from BESSA bond sheets, going back five years. (This data is not available through normal vendors such as Inet).
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