S&P, TSX launch new venture index

TMX Group has teamed up with S&P Indices once again to develop a new index to track the largest and most liquid stocks on the TSX Venture Exchange.

The new S&P/TSX Venture 30 Index has already been licensed to New York based, Global X Funds, which will launch an ETF the index on March 17, 2011 on the NYSE Arca.

“With the launch of this Index, investors will for the first time be able to track the performance of a segment of the Canadian stock market that features higher-yielding, more liquid, smaller-cap securities,” says Abigail Etches, director at S&P Indices. “We are certainly pleased that Global X Funds will use the S&P/TSX Venture 30 Index as the underlying index for its forthcoming ETF.”

For more information on the S&P/TSX Venture 30 Index, click here.

Staff

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