The news was initially reported earlier this week by Reuters.
It could not be determined how much Barclays would get for the unit or how much MSCI offered, Reuters reported.
Barclays is the index provider for some of the largest bond ETFs, including the $2.7 billion iShares 20+ Year Treasury Bond ETF (TLT) , the $14.6 billion iShares Core Total U.S. Bond Market ETF (AGG) and the SPDR Barclays High Yield Bond ETF (JNK) , the second-largest junk bond ETF, among others.
Nearly $2.3 trillion in ETF and mutual fund assets track Barclays indices, according to Reuters.
A move on the Barclays bond index business by MSCI makes sense because some observers see MSCI as needing to bolster its fixed income index offerings.
The firm, however, is a giant and one of the most recognizable brands in terms of underlying indices for equity-based ETFs.
ETF Trends editorial team contributed to this piece. Tom Lydon’s clients own shares of EEM, EFA and JNK.
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