GMP Floats Junior Oil And Gas Index

GMP Securitieshas rolled-out the newGMP 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 theToronto Stock Exchange.

The index, which currently consists of 48 constituents, is calculated byStandard & Poor’s. The market capitalization of index constituents ranges from $100 million to $3 billion. Concurrently, GMP Securities is in talks withBetaPro Managementto use the newly launched index in an ETF offering.

Click here for the release fromCanada Newswire.