S&P Dow Jones Indices and TMX Group announced today the launch of the S&P/TSX High Income Energy Index. The new index has been licensed by S&P Dow Jones Indices to Guggenheim Investments for an Exchange Traded Fund listed on the New York Stock Exchange.
The S&P/TSX High Income Energy Index is designed to measure income producing securities with specific exposure to the Energy sector. The Index includes the constituent stocks of the S&P/TSX Composite Index that are classified as Energy companies according to the Global Industry Classification Standard (GICS®), that also meet specific yield requirements.
“We are excited to announce this new addition to the S&P/TSX family of indices,” says Abigail Etches, Director at S&P Dow Jones Indices. “Investors are increasingly looking for unique indices that benchmark specific market segments to serve as the basis for investment products. The S&P/TSX High Income Energy Index offers market participants an effective means of measuring high dividend yielding securities in the Canadian Energy sector.”
"We are pleased to have licensed the S&P/TSX High Income Energy Index and look forward to continuing to work closely with S&P Dow Jones Indices and TMX Group in the future,” said William Belden, Managing Director at Guggenheim Investments.
For more information about S&P Dow Jones Indices, please visit www.spdji.com.