NEW YORK, June 4, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, 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 Web site at www.djindexes.com.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com.
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
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