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FTSE Russell launches new Global Sector Indexes hedged to Canadian dollar


— New index suite for Canadian market participants that captures targeted exposure to global sectors while applying a rules-based methodology to minimize associated currency risk 
— Indexes measure large and mid cap companies in global sectors of developed countries of the Russell Global Index Series
— BMO Global Asset Management launches 4 sector ETFs tracking these indices

FTSE Russell announces the launch of four new benchmarks within the Russell Global Indexes. The Russell Developed Large Cap 100% Hedged to CAD indices are designed for Canadian market participants and capture specific global sector exposures:

  • Russell Developed Large Cap Consumer Staples Capped 100% Hedged to CAD Index
  • Russell Developed Large Cap Consumer Discretionary Capped 100% Hedged to CAD Index
  • Russell Developed Large Cap Banks Capped 100% Hedged to CAD Index
  • Russell Developed Large Cap Insurance Capped 100% Hedged to CAD Index

Following the launch, BMO Global Asset Management has released sector ETFs tracking each benchmark:

  • BMO Global Consumer Staples Hedged to CAD Index ETF (TMX: STPL)
  • BMO Global Consumer Discretionary Hedged to CAD Index ETF (TMX: DISC)
  • BMO Global Banks Hedged to CAD Index ETF (TMX: BANK)
  • BMO Global Insurance Hedged to CAD Index ETF (TMX: INSR)

Ken O’Keeffe, Managing Director, Global Head of ETFs at FTSE Russell, said: 

“After recognizing a growing desire among Canadian market participants for an index suite that captures global sector exposures in a targeted way, we are delighted to roll out this new suite of indices, further strengthening our Canadian index offering. We’re also thrilled BMO Global Asset Management has chosen to partner with us to use these indices as the basis of their new sector ETFs.”

Kevin Gopaul, Head of BMO Global Asset Management Canada, Global Head of ETFs and CIO at BMO Global Asset Management, said: 

“We are excited to have partnered with FTSE Russell to enhance our suite of sector ETFs,” said Kevin Gopaul, Head, BMO Global Asset Management Canada, Global Head of ETFs and Chief Investment Officer, BMO Asset Management Inc. “We have focused on key global exposures, Consumer Discretionary and Consumer Staples, where there is growing consumer purchasing power, Banks which provides access to global economic growth and Insurance which can benefit in a rising interest rate environment.”

Fact sheets including more information on the Russell Developed Large Cap 100% Hedged to CAD indices can be found here.

– Ends –

 

For further information:

Media Contact 
Mark Benhard +1 212 314 1199
newsroom@lseg.com

Notes to editors:

About FTSE Russell:
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. More than $10 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

© 2017 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE TMX Global Debt Capital Markets Inc. and FTSE TMX Global Debt Capital Markets Limited (together, “FTSE TMX”) and (4) MTSNext Limited (“MTSNext”). All rights reserved.

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