Dow Jones Indexes has licensed five new indices to Bank of Montreal (BMO) Financial Group to underlie ETFs listed on the Toronto Stock Exchange.
The five Dow Jones indices comprise the North America Select Junior Oil and the North America Select Junior Gas. These measure the performance of US and Canadian companies in the oil and gas producers and the oil equipment, services and distribution sectors.
The Dow Jones Canada Select Equal Weight REIT index offers equal-weighted exposure to Canadian companies in the real estate investment trusts sector.
The index provider's US Large-Cap Health Care Equal Weight Total Stock Market offers an equal-weighted measure of US large-cap healthcare stocks, while the US Large-Cap Banks Equal Weight Total Stock Market index provides equal-weighted exposure to US large-cap banks.
Dow Jones Indexes president Michael Petronella says: "The large-cap indexes will provide investors with windows on sectors in which each company contributes equally to the performance of the index."
In terms of annualized performance, the oil index is 12.44%, the junior gas index is 19.60%, the healthcare index is 5.18%, and the banks index is - 3.37%, as of May 21, 2010 since December 31, 1998.
Three shifts in sector
Takeover rumours continue
Raised £116m in total
Protecting and dividing family wealth
'Pensions could veer off course'