Morningstar is planning to launch a family of fixed income indexes that will serve as benchmarks for individual investors, as well as the basis for exchange-traded funds, mutual funds or, possibly, derivatives.

The mutual fund tracking and research company will begin launching the new indexes in the first quarter, with the first set tracking U.S. Treasuries and corporate bonds.

“While there are numerous fixed-income indexes available today, most of them are difficult to replicate in an investment vehicle because their holdings are so vast and many of their securities are illiquid,” said Eric Jacobson, director of fixed income strategies for Morningstar.

“With this family of fixed-income indexes, we aim to strike a balance in the construction process between including every security available to investors in a sector and capturing a liquid pool of securities that mirror the overall economic importance of each sector," he continued.

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