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Dow Jones Indexes Launches Indexes for Utilities and Gold Mining in North America

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Dow Jones Indexes, a leading global index provider, today launched the Dow Jones North America Select Junior Gold and the Dow Jones Canada Select Equal Weight Utilities Indexes. The

 Dow Jones North America Select Junior Gold Index measures the performance of gold mining companies in Canada and the U.S.; whereas the Dow Jones Canada Select Equal Weight Utilities Index comprises larger Canadian utilities companies.

Both indexes have been licensed to BMO Financial Group in connection with two new BMO exchange-traded funds (ETFs) that are available today on the Toronto Stock Exchange and will be managed and administered by Jones Heward Investment Counsel Inc., a wholly-owned indirect subsidiary of Bank of Montreal.

“The Dow Jones North America Select Junior Gold Index and the Dow Jones Canada Select Equal Weight Utilities Index are both unique index concepts that represent Dow Jones Indexes’ flexible and reliable approach to indexing,” said Michael A. Petronella, president, Dow Jones Indexes. “Via the two new BMO ETFs launched by BMO Financial Group, Canadian investors now have further innovative options to diversify their portfolios on a sector and regional level.”

The Dow Jones North America Select Junior Gold Index is calculated in Canadian and U.S. dollar and reviewed annually in December. Float factors, shares outstanding and the index weighting scheme are rebalanced quarterly. The index is weighted based on float-adjusted market capitalization with a 15% cap on individual components applied quarterly. The Dow Jones North America Select Junior Gold Index has a minimum component count of seven companies.

The Dow Jones Canada Select Equal Weight Utilities Index is calculated in Canadian and U.S. dollar and reviewed in June and December. The index is equal weighted and has a minimum component count of five companies.

As of January 22, 2010, the Dow Jones North America Select Junior Gold Index and the Dow Jones Canada Select Equal Weight Utilities Index show an annualized performance since inception of 15.67% and 12.91% respectively.

Source: ETFWorld – Dow Jones Indexes

 

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