S&P Dow Jones, TMX Group announce launch of three new Canadian indexes

By Tali David

Minneapolis, Nov. 19 - S&P Dow Jones Indices LLC and TMX Group Inc. announced the launch of three new Canadian indexes: 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.

According to a press release, the indexes have been licensed to BMO Asset Management for potential exchange-traded products to be listed on the 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 capitalization 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 and that also meet specific market cap and liquidity hurdles.

S&P Dow Jones is part of New York-based McGraw-Hill Cos., a resource for index-based concepts, data and research.

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