摘要 |
Methods, systems, apparatus, and programming product for creating, maintaining, and otherwise administering new types of fixed income benchmarks and exchange-traded funds. Such benchmarks can be defined and/or occasionally, continually, or periodically redefined by the inclusion of instruments such as new bond issues as they are issued, reweighting of mixes of bond issues used in defining the benchmark(s), and/or removal of bond issues used in such definition, without other changes to the fund(s) and/or benchmark(s). Such benchmark(s) can also be modified through controlled or otherwise selective modification of characteristics used to define the benchmark(s), such as yield to maturity (YTM), maturity date, coupon value, and par value of the aggregated fund(s). |