RBC Capital Markets launches first U.S. Treasury Index to
be rebalanced daily
Total Return U.S. Treasury (RBC TRUST) Index provides investors
globally with accurate view of the U.S. Treasury
NEW YORK, March 4, 2010— RBC Capital Markets
today introduced the RBC Total Return U.S. Treasury (TRUST)
Index, a benchmark index for investors in U.S. Treasuries
with bonds rebalanced on a daily basis.
RBC TRUST is the only U.S. Treasury Index that is 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 U.S. Treasury. Additionally,
RBC TRUST has nine different sub-indices and is the only index
that covers all points across the yield curve, with issues
entering on auction day and exiting daily.
The RBC TRUST indices include:
- Overall market (contains all maturities across the yield
curve)
- 1 to 3 year
- 3 to 5 year
- 5 year and up
- 5 to 7 year
- 5 to 10 year
- 10 year and up
- 15 year and up
- 20 year and up
"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 U.S.-issued government
bonds," said Ira Jersey, RBC Capital Markets' head of
U.S. Interest Rate Strategy. "The index will be of great
benefit to institutional money managers across the globe who
track U.S. Treasuries, as it allows them to update their portfolios
daily, and is also very appealing from a research perspective."
The RBC TRUST Index is another example of RBC Capital Markets'
growing U.S. dollar capabilities and a logical extension of
the firm's global rates franchise. In July 2009, RBC Capital
Markets was designated a Primary Dealer by the Federal Reserve
Bank of New York, and the firm has made several senior hires
over the last year across its U.S. Treasuries platform.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is active globally in debt origination, sales
and trading, foreign exchange, infrastructure finance, structured
products, metals and mining, and energy. Its North American
platform includes a significant U.S. investment banking franchise
and leading equity, underwriting, sales, trading and research
businesses.
- 30 -
For further information, please contact:
Kait Conetta, RBC, (212) 428-6902, kait.conetta@rbc.com
Loretta Healy, The Hubbell Group, (781) 878-8882, lhealy@hubbellgroup.com
|
