Indices Licensed to BMO Asset Management for the Development of ETFs
TORONTO, Nov. 19, 2012 /CNW/ - S&P Dow Jones Indices and TMX Group Inc.
announced today the launch of three new Canadian indices: the S&P/TSX
Preferred Share Laddered index, the S&P/TSX Equal Weight Global Gold
index and the S&P/TSX Equal Weight Industrials index. Each of the
indices has been licensed by S&P Dow Jones Indices to BMO Asset
Management for potential exchange traded products to be listed on
Toronto Stock Exchange.
The S&P/TSX Preferred Share Laddered index was created in response to
investors' ongoing demand for income producing securities. The S&P/TSX
Equal Weight Global Gold index is a sub-index of the S&P/TSX Global
Gold index and includes constituents that meet specific market cap and
liquidity hurdles. The S&P/TSX Equal Weight Industrials index includes
the constituent stocks of the S&P/TSX Composite that are classified as
Industrials according to the Global Industry Classification Standard
(GICS®) that also meet specific market capitalization and liquidity hurdles.
"We are excited to announce these three new additions to the S&P/TSX
family of Preferred Share and Equal Weight indices," says Abigail
Etches, Director at S&P Dow Jones Indices. "Canadian investors are
increasingly looking for industry specific indices that are liquid
enough to serve as the basis for investment products and relevant
enough to serve as key benchmarks of performance. These indices are
unique in that they offer investors an additional means of measuring
these segments of the market while potentially offering an additional
means for diversifying their portfolio."
"BMO Asset Management is committed to offering innovative exposure to
the leading segments of the market through exchange traded funds," said
Kevin Gopaul, Chief Investment Officer and Senior Vice President, BMO
Asset Management Inc. "We're thrilled to be once again partnering with
S&P Dow Jones and TMX Group, global leaders in indexing, to provide
investors with more insight and choice."
For more information on all three indices and other Preferred Share or
Sector indices, please visit www.spindices.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies,
Inc., is the world's largest, global resource for index-based concepts,
data and research. Home to iconic financial market indicators, such as
the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience
constructing innovative and transparent solutions that fulfill the
needs of institutional and retail investors. More assets are invested
in products based upon our indices than any other provider in the
world. With over 830,000 indices covering a wide range of assets
classes across the globe, S&P Dow Jones Indices LLC defines the way
investors measure and trade the markets. To learn more about our
company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's
Financial Services LLC ("S&P"), a subsidiary of The McGraw-Hill
Companies, Inc. Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC ("Dow Jones"). These trademarks have been
licensed to S&P Dow Jones Indices LLC. It is not possible to invest
directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and
their respective affiliates (collectively "S&P Dow Jones Indices") do
not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third
parties and that seeks to provide an investment return based on the
performance of any index. This document does not constitute an offer of
services in jurisdictions where S&P Dow Jones Indices does not have the
necessary licenses. S&P Dow Jones Indices receives compensation in
connection with licensing its indices to third parties.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group,
The Canadian Depository for Securities, Montreal Exchange, Canadian
Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options
Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group
companies provide listing markets, trading markets, clearing
facilities, data products and other services to the global financial
community. TMX Group is headquartered in Toronto and operates offices
across Canada (Montreal, Calgary and Vancouver), in key U.S. markets
(New York, Houston, Boston and Chicago) as well as in London, Beijing
and Sydney. For more information about TMX Group, visit our website at
www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: Standard & Poor's Canadian Index Operations
For further information:
David R. Guarino
S&P Dow Jones Indices
S&P Dow Jones Indices