RBC TRUST will be updated daily, while other indices are rebalanced on a monthly or quarterly basis. The results provide portfolio managers, mutual fund managers and investors around the world with a comprehensive, real-time and accurate view of the US treasury.
Additionally, RBC TRUST has nine different sub-indices and it covers all points across the yield curve, with issues entering on auction day and exiting daily.
Ira Jersey, head of US interest rate strategy at RBC Capital Markets, said: “By rebalancing daily, the RBC Index differs vastly from existing indices that are rebalanced once per month, and provides a much more accurate and real-time performance measure across the full spectrum of US-issued government bonds.
“The index will be of great benefit to institutional money managers across the globe who track US treasuries, as it allows them to update their portfolios daily, and is also very appealing from a research perspective.”
