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Vanguard: Two More FTSE Indices, Please

FTSE Group is furthering its relationship with Vanguard by licensing two more indices: the FTSE Canada High Dividend Yield Index and the FTSE Canada All Cap Real Estate Capped 25% Index, to Vanguard as the basis of two new exchange-traded funds to be listed on the Toronto Stock Exchange.

The new licenses follow Vanguard’s decision last month to drop MSCI as its index benchmark provider.

“These indexes are designed to capture important diversification and yield opportunities,” said Jonathan Horton, president, FTSE North America and Head of the Exchange Traded Products service unit. “They offer market participants relevant tools to follow high dividend-yield-paying stocks and real estate within Canadian markets selected from our key benchmark indexes.”