Two Dow Jones regional indexes licensed to Canadian ETFs

08:16, October 27, 2009      

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Two regional Dow Jones Indexes were licensed in connection with Exchange Traded Funds (ETFs) for the first time, the leading index provider announced in New York on Monday.

According to a company statement, the Canadian dollar-hedged version of the Dow Jones Developed Markets ex-North America Index and Dow Jones Emerging Markets Total Stock Market Specialty Index have been licensed to BMO Financial Group in connection with the BMO ETFs.

This is the first time the above two indexes will serve as the indexes for ETFs. The new BMO ETFs are available on Monday on the Toronto Stock Exchange.

The two new ETFs by BMO Financial Group will give Canadian investors exposure to international stocks in either developed or emerging economies outside of North America, Michael A. Petronella, president of Dow Jones Indexes, said in the statement.

The Dow Jones Developed Markets ex-North America Index measures the performance of companies in 23 countries classified as developed economies, excluding the United States and Canada. The Dow Jones Emerging Markets Total Stock Market Specialty Index seeks to capture the performance of equities with readily available prices in 43 emerging markets.

As of Friday's closing, the two indexes have seen gains of 29.89 percent and 73.17 percent respectively for the year.

Source:Xinhua
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