S&P Dow Jones Indices, TMX Group Launch High Income Energy Index
Index Licensed to Guggenheim Investments for ETF Development
Toronto, Ontario – S&P Dow Jones Indices and TMX Group announced today the launch of the S&P/TSX High Income Energy Index. The new index has been licensed by S&P Dow Jones Indices to Guggenheim Investments for an Exchange Traded Fund listed on the New York Stock Exchange.
The S&P/TSX High Income Energy Index is designed to measure income producing securities with specific exposure to the Energy sector. The Index includes the constituent stocks of the S&P/TSX Composite Index that are classified as Energy companies according to the Global Industry Classification Standard (GICS®), that also meet specific yield requirements.
“We are excited to announce this new addition to the S&P/TSX family of indices,” says Abigail Etches, Director at S&P Dow Jones Indices. “Investors are increasingly looking for unique indices that benchmark specific market segments to serve as the basis for investment products. The S&P/TSX High Income Energy Index offers market participants an effective means of measuring high dividend yielding securities in the Canadian Energy sector.”
"We are pleased to have licensed the S&P/TSX High Income Energy Index and look forward to continuing to work closely with S&P Dow Jones Indices and TMX Group in the future,” said William Belden, Managing Director at Guggenheim Investments.
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively “S&P Dow Jones Indices”) do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
About TMX Group
TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
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