Barclays considers selling unit

Barclays Centre

Exploring options.

Barclays is exploring options for its index business after equity index provider MSCI approached the bank recently about buying the unit, according to several people familiar with the situation.

Reuters reports that MSCI's interest has spurred early-stage discussions at Barclays, the sources said, and 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, which tracks assets with a market value of $16.7tril.

All of the sources wished to remain anonymous because they were not permitted to speak to the media.

It could not be determined how much Barclays would get for the unit or how much MSCI offered.

Barclays lists 88 major indexes on its website, but the bank offers thousands of benchmarks and indexes, many of which were created for clients.

To access the complete Reuters article hit the link below:

Exclusive: Barclays weighs index unit sale after MSCI approach - sources

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