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S&P Dow Jones Indices and TMX Group launch three Canadian indices


S&P Dow Jones Indices and TMX Group 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 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 capitalisation 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,” says Kevin Gopaul, chief investment officer and senior vice president, BMO Asset Management. “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.”

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