Providing Canadian investors with an innovative approach to tracking the performance of smaller-cap Canadian Stocks trading on TSX Venture Exchange, S&P Indices and TMX Group Inc., operator of Toronto Stock Exchange and TSX Venture Exchange, launched today the S&P/TSX Venture 30 Index. The S&P/TSX Venture 30 Index seeks to measure the performance of 30 of the largest and most liquid securities included in the S&P/TSX Venture Composite Index, a broad market indicator of Canadian micro-cap securities.
S&P Indices also announced today that it has licensed Global X Funds, the New York based provider of exchange traded funds, to launch an ETF based upon the S&P/TSX Venture 30 Index. The Global X Funds ETF is expected to launch 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 about the S&P/TSX Venture 30 Index, please visit: www.standardandpoors.com/indices.