Currency / Return Type: Report Frequency: Category:    
History: Report Start Date: Date Picker Report End Date: Date Picker    
Description
The DBIQ Emerging Markets USD Liquid Balanced Index tracks the performance of a selected basket of liquid emerging markets U.S. dollar-denominated government bonds. For each of the qualified emerging market countries,one to three bonds are selected for the index at one time - the eligible bonds with the biggest Z spread from the country at rebalancing.The methodology evaluates countries regarding eligibility for inclusion in the DBIQ Emerging Markets USD Liquid Balanced Index annually based on a defined set of qualifying criteria established by DB.The DBIQ EM USD Liquid Balanced Index has a history starting from Feb 28, 1999. For further information regarding the EM USD Liquid Balanced Index, please refer to the index guide. EM USD Liquid Balanced index Notice 1-Jun-2008 Due to the extremely thin liquidity on the single eligible China USD Government bond in this index: CHINA 4 3/4 10/29/13, the index committee has decided to replace China with Pakistan as a member country in the index, effective as of 1-Jun-2008. The bond chosen from Pakistan is PKSTAN 6 7/8 06/01/17. The market value from CHINA 4 3/4 10/29/13 is assigned to PKSTAN 6 7/8 06/01/17 as of 31-May-2008 closing._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ {Note: All announcements have been moved to the Reports section of the Home page - https://index.db.com }
Details
Guide guide
Historical Inception Date 01-Mar-1999          
Index Live Date 12-Sep-2007          
Bloomberg Id DBLQBLTR          
Reuters Id N/A          
Return Data
Current Level 869.39    
High 871.04 Low 691.66
Annualized Return (%) 6.73 Volatility 5.25
Sharpe Ratio 1.22 Sortino Ratio 1.55
Max Drawdown (%) -8.51    
Daily Return (%) -0.19 Month-to-Date Return (%) 0.90
3 Month Return (%) 5.47 6 Month Return (%) 9.14
YTD Return (%) 8.00 12 Month Return (%) 9.80
Risk Free Rate (%) 0.31    
Monthly Return Statistics
Average Return (%) 0.55 Average Positive Return (%) 1.49
Number of +ve Months 26 % +ve Months (%) 70.27
Average Negative Return (%) -1.69 Best Month (Jun 2016) (%) 4.19
Maximum Monthly Drawdown (%) -5.42    
Excel + DBIQ Emerging Markets Liquid Balanced Index Index Levels
Monthly Returns
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 0.83% 0.30% 1.46% -2.74% 2.24% 0.18% -2.08%
2015 2.42% -0.55% 0.23% 1.56% -0.54% -2.01% 1.06% -0.21% -0.48% 2.76% 0.22% -1.85%
2016 0.03% 1.86% 3.17% 1.87% -0.47% 4.19% 2.71% 2.10% 0.66% -2.22% -5.42% 1.22%
2017 1.77% 2.08% 0.37% 1.73% 0.92% 0.90%
Announcements

The constituent list for DBIQ Emerging Markets Liquid Balanced Index between December 2022 and February 2023 is mentioned below for reference, the same can be shared with the client through mail:

Joiners(ISIN): XS2302929810,XS2446175577,XS2490731721,US698299BT07,US718286CU95,XS2322319638,US857524AD47,US857524AE20,XS0146173371,US900123CG37

Leavers(ISIN): XS0880597603,XS1819680288,XS1405770220,US698299BK97,US718286CA32,USP01012CC84,US900123AT75,XS1299811486

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between September 2022 and November 2022

Joiners(ISIN): XS2010026487,US718286CP01,USY6972HLP91,US900123DA57

Leavers(ISIN): XS1263054519,XS1303926528,XS1902171757,XS1303925470,XS2388586401,US718286BZ91,US718286CB15,US900123BB58

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between June 2022 and August 2022

Joiners(ISIN): US168863DY16,XS1299811486,XS2322319398,XS1303926528,US836205BE37

Leavers(ISIN): US168863DV76,XS2322321964,XS2322319638,XS1303927179,US836205AS32

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between March 2022 and May 2022

Joiners(ISIN): US168863DW59,US168863DV76,US698299BR41,USP01012CC84,XS1303925470,US836205BB97

Leavers(ISIN): US168863CA49,US698299AD63,USP01012AS54,XS2010030836,US836205AP92

The constituent list for DBIQ Emerging Markets Liquid Balanced Index between November 2021 and February 2022

Joiners(ISIN): USY5325QAG74,USP5015VAM83,USP5015VAN66,XS2388586401,XS2388586583,US455780CU87,US698299BN37,US715638DW93,USP75744AE59,USP01012AT38

Leavers(ISIN): XS2084425623,USP5015VAF33,USP5015VAG16,USY20721AJ83,US698299BF03,US715638AP79,USP75744AD76,USP01012CC84

The constituent list for DBIQ Emerging Markets Liquid Balanced Index between September 2021 and November 2021

Joiners(ISIN): USY8137FAE89, USY6142NAF51,USY6142NAE86,US698299BK97,USP01012AS54

Leavers(ISIN): XS1028952403,USY8137FAQ10,US698299AV61,USP01012AN67

The constituent list for DBIQ Emerging Markets Liquid Balanced Index between June 2021 and August 2021

Joiners(ISIN): XS2207514063,XS2302929901,USP5015VAF33,USY8137FAC24,US715638DT64,US718286CA32,XS2322321964,XS2322319638

Leavers(ISIN): US445545AL04,XS1056560920,USY6142NAA64,USY8137FAN88,XS1696899035,XS2226973522,USP5015VAK28,US715638DQ26,US718286BW60,XS1299811486

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between March 2021 and May 2021

Joiners(ISIN):XS2083302500,XS2290957732,XS1634369224,XS1760804184,XS2120882183,USP5015VAE67,USP5015VAG16,USP5015VAK28,XS1582346968,XS0864259717,XS2270576965,XS2270577344,XS2288906857,US715638DQ26,US718286CB15,XS1405781854,XS2010030836

Leavers(ISIN): XS0997000251,US857524AC63,XS1318576086,XS1675862012,XS2234859283,US715638DF60,US718286BG11,XS0468535637,XS1303926528

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between December 2020 and February 2021

Joiners(ISIN): XS2226973522, USY15025AD41, XS2199272662, USY6142NAC21, XS2234859283, US715638DF60

Leavers(ISIN): US445545AJ57 ,XS2057866191, XS1706605281, XS1117279882, XS1750113661, US715638DA73

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between September 2020 and November 2020

Joiners(ISIN): US718286BW60,XS2201851685,USP01012CC84

Leavers(ISIN): US718286BD89,US77586TAD81,USP01012AS54

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between June 2020 and August 2020

Joiners(ISIN): XS1318576086,USY8137FAN88,USY8137FAQ10,USP01012AS54,USP01012BX31

Leavers(ISIN): XS0908769887,USY6142NAB48,US731011AT95,XS2083302500,USY8137FAP37,USY8137FAR92,USP01012AR71,USP01012CA29

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between March 2020 and May 2020 Joiners(ISIN): US040114HF05,US105756CB40,XS2084425623,USY20721BK48,US718286BZ91,USP01012CA29 Leavers(ISIN): US60937GAB23,USP93960AF25,XS0982709221,USP93960AG08,US040114HP86,US105756BB58,XS1891574441,USY20721AE96,US718286BB24,XS0146173371

The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between December 2019 and February 2020

Joiners(ISIN): XS2057866191, XS2083302500, XS1626768730, XS1313647841

Leavers(ISIN): XS0559237796, XS1696892295, XS1318576086, XS1707041262

26 August 2019 - The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between September 2019 and November 2019

Note: Bond US168863CF36 is no longer eligible for the index. Market Data vendors originally classified the Chile 3.24 28 as “make whole call”. This has been amended during the last quarter to callable only and therefore this bond is no longer eligible

Joiners(ISIN): XS0559237796, USY8137FAR92, US715638DA73, XS1959337749, XS1902171757

Leavers(ISIN): US168863CF36, XS0859366899, USY8137FAC24, US715638BU55, XS0615236188, XS1303925470

24 May 2019 The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between June 2019 and August 2019

Joiners(ISIN): US040114HL72, US040114HP86, XS1419879686, USY8137FAP37, US718286BD89

Leavers(ISIN): US040114HG87, US040114GY03, XS1196419854, USY8137FAE89, US718286AY36

22 February 2019 The constituent changes for DBIQ Emerging Markets Liquid Balanced Index between March 2019 and May 2019

Joiners(ISIN): XS1318576086, XS1819680288, XS1819680528, US040114GX20, XS1953057491, XS1028952403, XS1781710543, XS1781710626, US60937GAB23, USY6142NAA64, USY6142NAB48, XS1910828182, RU000A0JXU14

Leavers(ISIN): US040114HN39, XS0505478684, XS0739988086, XS1566179039, XS0971721450

26 Nov 18 The constituent list for DBIQ Emerging Markets Liquid Balanced Index between December 2018 and February 2019

Joiners(ISIN): XS1891574441, XS1891577030, XS1396347566, US715638BU55

Leavers(ISIN): XS1706605109, XS1586230309, US715638AS19, XS0680231908

The constituent list for DBIQ Emerging Markets Liquid Balanced Index between September 2018 and November 2018

Joiners(ISIN): XS1837994794

Leavers(ISIN): US77586TAC09

The constituent list for DBIQ Emerging Markets Liquid Balanced Index between June 2018 and August 2018

Joiners(ISIN): US715638AS19, USP75744AF25, XS1807174559, XS1791939736, US836205AZ74

Leavers(ISIN): US715638BU55, USP75744AE59, XS1405781854, XS1694217495, US836205AV60, XS0607904264, XS0602546136

Constituent list for DBIQ Emerging Markets Liquid Balanced Index has below changes for the quarter between March 2018 and May 2018:

Joiners(ISIN): XS1675862103, XS1675862012, XS1110833123, US168863CF36, US168863BN78, XS1706605281, XS1706605109, USP3699PGH49, USP3699PGF82,USP3699PGJ05,USP3579EBY25, XS1626530320, XS1535071986, XS1707041262, XS1775617464, XS0505478684, XS1558078496, XS1117279882, XS1577950311, XS1405770220, US91086QAZ19, XS1777972941, XS1717013095, XS1566179039, XS1575968026, XS1750114396 , XS1750113661, XS1729875598, USP75744AD76,USP75744AB11, USP75744AE59, XS1694217495, XS1508675508, XS1694218469, USP93960AF25, USP93960AG08, XS1696892295, XS1696899035, XS0880597603

Leavers(ISIN): US105756BK57, USP3579EBV85 , US91086QBE70, US168863BW77, US50064FAL85, US50064FAK03 ,US50064FAM68

Constituent list for DBIQ Emerging Markets Liquid Balanced Index has below changes for the quarter between December 2017 and February 2018:

Joiners(ISIN): XS1303927179

Leavers(ISIN): XS0927637818, XS0847086237, XS1303921214, USP97475AG56, USP17625AA59, USP97475AP55

Constituent list for DBIQ Emerging Markets Liquid Balanced Index has below changes for the quarter between August 2017 and October 2017:

Joiners(ISIN): USP04808AN44, US168863CE60, US50064FAM68, XS0971721450, XS1303925470

Leavers(ISIN): US040114HF05, US168863BP27, XS1501659384, RU000A0JWHA4, XS1303920083

Constituent list for DBIQ Emerging Markets Liquid Balanced Index has below changes for the quarter between June 2017 and August 2017:

Joiners(ISIN): XS1586230309, US731011AT95, US77586TAD81, XS1303926528

Leavers(ISIN): XS1396347566, US857524AB80, US77586TAA43, XS1303918939

A PDF version of the published changes is provided on the Home page of DBIQ - https://index.db.com

The Annual selection of countries are:

Additions : Argentina, Chile

Removed: Morocco, Latvia, Uruguay

Constituent list for DBIQ Emerging Markets Liquid Balanced Index has below changes for the quarter between March 2017 and May 2017:

Joiners(ISIN): USP04808AE45,USP04808AJ32,USP04808AK05,US168863CA49,US168863BW77,US168863BP27,XS0908769887,USP3579EBV85,US698299BF03,XS1501659384

Leavers(ISIN): XS0525827845,USP3579EAT49,XS0485991417,XS0863522149,XS0850020586,XS0864259717,US698299AW45,XS1147732553,XS0893103852,US917288BC52,US760942AS16,US917288BA96

Constituent list changes for the quarter December 2016 to February 2017:

Joiners(ISIN): US836205AV60, XS1303921214, USP97475AP55, Leavers(ISIN): US836205AR58, XS1303918269, USP97475AN08

Constituent list for DBIQ Emerging Markets USD Liquid Balanced Index has below changes for the quarter between September 2016 and November 2016:

Joiners (ISIN): US715638BU55, XS1405781854, RU000A0JWHA4, USY8137FAF54

Leavers (ISIN): US715638AS19, XS0113419690, XS0971721450, USY2029SAH77

Constituent list for DBIQ Emerging Markets USD Liquid Balanced Index has below changes for the quarter between June 2016 and August 2016:

Joiners (ISIN): XS1396347566, XS1299811486, US731011AU68, USY8137FAC24, USY8137FAE89

Leavers (ISIN): US50064FAJ30, XS0250882478, XS1056560763, US857524AA08, USY2029SAF12, USY2029SAG94

Effective February 2015 index membership selection happens at the close 5 business days before the last business day of February, May, August, and November. See index guide for details.

DBIQ EM USD Liquid Balanced Index 2014 Annual Rebalance Announcement:

The eligible country list for 2015 is: Brazil, Colombia, Croatia, Dominican Republic, El Salvador, Hungary, Indonesia, Latvia, Lithuania, Mexico, Morocco, Pakistan, Panama, Peru, Philippines, Poland, Qatar, South Korea, Romania, Russia, Serbia, Slovenia, South Africa, Sri Lanka, Turkey, Ukraine, Uruguay, Venezuela.

Clarification to Index Guide:

For removal due to defaulting, the bond remains in the index till the earlier of a) the last day the bond has an active quote from the designated price vendor b) the end of the month. Removal due partial tender/call/redemption happens on the same day.

11/17/2015: In light of the Ukraine sovereign bond exchange, for the quarter between December 2015 and February 2016, the index shall select 3 notes with the highest z spread of sufficient liquidity from the 9 new Ukraine Sovereign notes maturing between 2019 and 2027. Restate for 12th and 13th November 2015 due mistaken warrant pricing.

Constituent list for DBIQ Emerging Markets USD Liquid Balanced Index has below changes for the quarter between March 2016 and May 2016:

Joiners (ISIN): XS1263139856, XS1120709826, XS1263054519, XS0250882478, XS0859366899, XS1196419854, US77586TAE64, USP17625AA59

Leavers (ISIN): XS0638326263, XS0995679619, USP97475AD26