TSX Group Inc. will launch the S&P/TSX global mining index on Tuesday, June 12. Created with Standard and Poor’s, the index will offer investors wide exposure to the world’s mining markets by providing an investable representative index of publicly traded international mining companies.
The new index provides a basis for index-linked investment vehicles; the first such vehicle, Claymore S&P/TSX Global Mining ETF, will begin trading on June 12.
More than 80% of the total number of mining equity financing deals in the world were completed by TSX Group issuers in 2006. Almost 60% of global mining companies are currently listed on a TSX Group exchange.
“The launch of the S&P/TSX global mining index is a natural extension of our role as the world’s leading mining exchange group,” says Richard Nadeau, senior vp, Toronto Stock Exchange. “This is a very positive development for our listed issuers and for mining investors.”
Standard & Poor’s Canadian Index Operations announced the constituents for the new index after the close of trading on Friday.
For a complete list, please see the attached news release.
S&P/TSX global mining index set to launch
Index will offer investors wide exposure to the world’s mining markets
- By: IE Staff
- June 10, 2007 June 10, 2007
- 12:10