GMP Securities has rolled-out the new GMP Junior Oil and Gas Index. The newly launched offering is designed to track the performance of small to mid-capitalization Canadian oil and gas exploration and production companies that are publicly listed on the Toronto Stock Exchange.
The index, which currently consists of 48 constituents, is calculated by Standard & Poor’s. The market capitalization of index constituents ranges from $100 million to $3 billion. Concurrently, GMP Securities is in talks with BetaPro Management to use the newly launched index in an ETF offering.
Click here for the release from Canada Newswire.