61 new companies added to index
The move to add Chinese equities follows from the implementation of the Stock Connect program to facilitate trading between Hong Kong and mainland China
The deal is expected to close later this year
The US$685-million deal for the Yield Book and Citi Fixed Income Indices, including the World Government Bond Index, is expected to close later this year
The new indices provide context to money-weighted return information clients are receiving as part of the new CRM2 rules
Canopy Growth Corp. will be the first marijuana company to join the index
The indices are licensed to BMO Global Asset Management for two ETFs
The Solactive green bond EUR USD IG index is the first to focus on investment grade issues that are defined as green bonds by the Climate Bond Initiative
Solactive Euro HY corporate index and Solactive USD high yield corporate index are composed of corporate debt issued in developed and developing markets
The FTSE TMX Canada NVCC bond index had 14 issues from five issuers and a market capitalization of approximately $15.6 billion as of Nov. 30
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