To track an index closely, a money manager may need more numbers than are provided by vendors.
Managers may need customized indexes - those having compositions different from what the vendor provides. To track duration and convexity closely, they may need to know functional durations. Finally, for valuation purposes they may want to know the option-adjusted spreads for several groups.
HedgeOne can help you process the index. HedgeOne provides the following functions:
Breakdown of an index by coupon, maturity, rating, sector or user-defined criterion
Calculation of customized indexes.
Browsing the calculated result
Applying the same breakdown to a portfolio, comparing the portfolio and index side-by-side with a user-defined breakdown
The following window shows the breakdown of an index by sector.
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