Income-trust mutual funds, a small but growing asset class in Canada, are about to get a higher profile with the launch of an income trust index by a unit of Standard & Poor's.

To be launched in June, S&P's Royalty Income Trust Index will be disseminated through the Toronto Stock Exchange, and its value will be continuously recalculated. Concurrently, S&P will also release an index history, along with lists of its component securities and their weightings. The new index will compete with an existing one now produced by Scotia Capital Markets, an investment house in Toronto.

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