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Barclays Weighs Index Unit Sale After MSCI Approach

wochit business
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November 19, 2013 AT 10:00 AM
Barclays is exploring options for its index business after equity index provider MSCI Inc approached the British bank recently about buying the unit, according to several people familiar with the situation. The bank has not yet decided whether it should sell the Barclays Indices platform, which includes well known products like the Barclays U.S. Aggregate Bond Index with a market value of $16.7 trillion, the sources said. Barclays declined to comment.