S&P and TSX to create global gold index

News in brief

Standard & Poor's and Canada's TSX Group are planning to create the first real-time global gold index. Based in Canada, the new index will track key gold mining companies from around the globe.

The new S&P/TSX Global Gold Index will be available by the end of 2006. Once launched, the index will serve as a global benchmark for gold portfolios, and further pave the way for the development of index-linked investment vehicles.

"Real-time information on the world's gold securities is extremely

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