S&P, TMX Group launches 3 Canadian indices

S&P Dow Jones Indices and TMX Group Inc. have launched three 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 to BMO Asset Management for potential exchange traded products to be listed on TSX.

The S&P/TSX Preferred Share Laddered index was created in response to investors’ ongoing demand for income producing securities, while the S&P/TSX Equal Weight Global Gold index is a sub-index of the S&P/TSX Global Gold index. It 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 classified as industrials according to the Global Industry Classification Standard.

“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,” says Abigail Etches, director at S&P Dow Jones Indices.

“BMO Asset Management is committed to offering innovative exposure to the leading segments of the market through ETFs,” says Kevin Gopaul, CIO and senior vice president of BMO Asset Management.

For more information on all three indices and other preferred share or sector indices, visit www.spindices.com.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.