Deal will strengthen firm’s position as a provider of “smart beta” indices in the U.S.
Horizons licenses new index for ETF
Sub-indices by currency, maturity, sector, and use of proceeds are available
The index tracks the performance of securities issued for qualified “green” purposes
Index licensed by BNP Paribas
S&P/TSX Composite Shareholder Yield Index licensed to Horizons ETFs
New indices provide a tool for limiting investor exposure to carbon risk
New index signals caution as U.S. interest rate hikes get closer
The TSX and S&P have introduced 15 indices since 2010, but only three have beat the benchmark S&P/TSX composite index
The firm will also be added to two other S&P/TSX indices