S&P Dow Jones Indices and TMX Group Inc. Monday announced the launch of three new Canadian indices: S&P/TSX Preferred Share Laddered index, S&P/TSX Equal Weight Global Gold index and 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 The Toronto Stock Exchange.
S&P/TSX Preferred Share Laddered index was created in response to investors’ ongoing demand for income producing securities.
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.
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.
“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.
“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.”
For more information on all three indices, visit www.spindices.com.