NEW YORK, June 4, 2009 — Dow Jones Indexes today announced the Dow Jones Industrial Average, Dow Jones Canada Titans 60 Index and Dow Jones U.S. Large-Cap Index have been licensed to serve as the basis for exchange-traded funds (ETFs).
The three indexes have been licensed to BMO Bank of Montreal for ETFs that are available today on the Toronto Stock Exchange. This is the first time that the Dow Jones Industrial Average, Dow Jones U.S. Large-Cap Index and Dow Jones Canada Titans 60 Index will underlie Canada-based ETFs.
“The Dow Jones Industrial Average and Dow Jones Canada Titans 60 Index capture the performance of leading blue-chip U.S. and Canadian stocks, respectively, while the Dow Jones U.S. Large-Cap Index provides a broad view of American companies. For the first time, Canadian market participants can access the largest and most liquid stocks in North America through the new ETFs sponsored by BMO Financial Group,” said Michael A. Petronella, president, Dow Jones Indexes.
The Dow Jones Industrial Average is a price-weighted index that tracks 30 of the biggest and most widely recognized blue-chip stocks in the United States. “The Dow,” as it is commonly known, is one of the longest-running and most widely quoted stock indexes and belongs to the Dow Jones Averages family.
The Dow Jones U.S. Large-Cap Index is a broad-based, investable index that measures the performance of the largest U.S. companies by float-adjusted market capitalization. The Dow Jones U.S. Large-Cap Index is a subset of the Dow Jones U.S. Index, which measures 95% of free-float market capitalization.
The Dow Jones Canada Titans 60 Index includes 60 of the largest and most liquid Canadian stocks and is part of the Dow Jones Country Titans index family.
More information can be found on the Dow Jones Indexes Investable Products page.