Dow Jones Indexes today introduced its Dow Jones Canada Select Growth index and Dow Jones Canada Select Value index, according to a news release. Barclays Global Investors Canada has two new exchange-traded funds based on the indexes; the ETFs are expected to start trading Nov. 10 on the Toronto Stock Exchange.
The Dow Jones Canada Select Style Indexes measure the performance of large-cap and midcap stocks listed on the Toronto Stock Exchange that exhibit either growth or value style characteristics. They are designed as broad benchmarks for domestic use. The indexes will include Canadian income trusts, which allow for only 49% of shares to be held by non-Canadian investors.
