S&P and TSX to create global gold index

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.

“With gold prices soaring and increased interest in this asset class, real-time information on the world's gold securities is extremely valuable and important,” says Steve Rive, vice president of Canadian index services at Standard & Poor's. “The S&P/TSX Global Gold

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