Barclays Canada announces changes related to the iShares CDN MidCap Index Fund (XMD)

    Listing: TSX (Toronto Stock Exchange)
    Symbol: XMD

    TORONTO, March 13 /CNW/ - Barclays Global Investors Canada Limited
(Barclays Canada) today announced the implications for the iShares CDN MidCap
Index Fund (XMD) of recent methodology changes by Standard and Poor's (S&P).
    As recently announced by S&P, the methodology used to calculate the
S&P/TSX Small Cap Index will be changed to create a more appropriate Canadian
benchmark of small capitalization equities and income trusts. In conjunction
with these changes, S&P will restructure the S&P/TSX MidCap Index (used by
XMD) to make it more modular with the S&P/TSX 60 Index (used by the iShares
CDN LargeCap 60 Index Fund ((XIU)) and the S&P/TSX Composite Index (used by
the iShares CDN Composite Index Fund (XIC)) and will change the name of the
S&P/TSX MidCap Index to the S&P/TSX Completion Index. This index will contain
the constituents of the S&P/TSX Composite Index that are not in the S&P/TSX 60
Index. These changes provide iShares investors with more opportunities to
structure their exposure to the broad Canadian equities market as exposure to
the S&P/TSX Composite Index can now be achieved either through an investment
in XIC or in XIU and XMD combined.
    As a result of these changes, which are expected to be effective on
March 16, 2007, XMD's investment objective will continue to be to replicate,
to the extent possible, the performance of the renamed S&P/TSX Completion
Index, net of expenses, and it will revise its portfolio holdings to reflect
the adjusted coverage of the index when the announced changes occur. The legal
name of XMD will change to iShares CDN S&P/TSX Completion Index Fund.
    "We think the S&P restructuring of the major indexes will give investors
a better ability to express a particular view on the Canadian market," says
Heather Pelant, Head of Business Development, Exchange Traded Products at
Barclays Canada. "And, with our iShares market-cap based ETF line up you can
effectively take advantage of these new methodologies."
    The S&P/TSX SmallCap Index will exist as a separate index from the
S&P/TSX Composite index family. The new methodology is modeled on Standard &
Poor's suite of global indices with respect to liquidity and other inclusion
    Further information on iShares funds can be found at

    About Barclays Canada

    Barclays Canada is an indirect subsidiary of Barclays PLC and part of
Barclays Global Investors (BGI), a division of Barclays PLC and one of the
largest institutional investment managers in the world and the largest manager
of index funds and exchange traded funds (ETFs). BGI leads the world in ETFs,
with over 200 iShares Funds representing $375 billion in assets. As at
December 31, 2006, Barclays Canada managed over $71 billion in Canadian assets
and in other assets for Canadian clients, including over $15 billion in the
TSX-listed iShares Funds. Barclays Canada has offices in Toronto, Montreal and

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For further information:

For further information: or to schedule an interview: Contact for Media:
Amanda Alvaro, Narrative Advocacy Media, T - (416) 644-4122, C - (416)
804-4712, Email:; All other inquiries:
1-866-iShares (1-866-474-2731), Email:

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