NYSE Euronext Announces Final Index Composition for Enhanced NYSE Arca Gold Miners Index

Updated

NYSE Euronext Announces Final Index Composition for Enhanced NYSE Arca Gold Miners Index

-Now includes non-U.S. listed gold mining companies-

-Changes effective September 23, 2013-


NEW YORK--(BUSINESS WIRE)-- NYSE Euronext today announced an enhanced methodology for the NYSE Arca Gold Miners Index (GDM), the preeminent index covering the gold mining industry. For the first time ever, the index will include non-U.S. listed companies and set a minimum market capitalization requirement of $750 million for component companies. The changes will be enacted at the next index rebalance effective before the open on Monday, September 23, 2013.

"The NYSE Arca Gold Miners Index is the leading benchmark covering the gold mining industry for the community of market participants and exchange traded product issuers on our exchange," said Dwijen Gandhi, managing director, Global Index and Exchange-Traded Products. "These changes are indicative of the growing demands by clients who want exposure to a global universe of larger-cap gold mining companies."

The NYSE Arca Gold Miners Index is a modified market capitalization weighted index comprised of publicly traded companies primarily involved in the mining of gold and silver in locations around the world.

Below are the key changes to the NYSE Arca Gold Miners Index methodology:

  • access to non-U.S. listed companies, ensuring component diversity and international exposure;

  • new index components must have a minimum of $750 million in market capitalization;

  • prioritization of U.S. cross-listings, American Depository Receipts and Global Depository Receipts for international companies;

  • implementation of a buffer zone around the $750 million market capitalization and other trading requirements to reduce turnover during quarterly rebalances.

The rebalance and methodology changes will result in the following companies being added to or deleted from the NYSE Arca Gold Miners Index effective for Monday, September 23, 2013:

ADDITIONS

DELETIONS

Alacer Gold Corp

Allied Nevada Gold Corp

Alamos Gold Inc

Golden Star Resources Ltd

Argonaut Gold Inc

Seabridge Gold Inc

Centamin PLC

Silver Standard Resources Inc

Detour Gold Corp

Tanzanian Royalty Exploration Corp

Dundee Precious Metals Inc

Vista Gold Corp

Franco-Nevada Corp

G-Resources Group Ltd

McEwen Mining Inc

Newcrest Mining Ltd

Osisko Mining Corp

Sibanye Gold Ltd

Zhaojin Mining Industry Co Ltd

Zijin Mining Group Co Ltd

Please click here for the full revised methodology to the NYSE Gold Miners Index and here for the trader notice.

Log on to NYSE Euronext's Global Index Group for more information about trends in the index space.

Background on NYSE Euronext's Indices:

With a collective portfolio of over 750 benchmark indices, NYSE Euronext is a leading provider of indices. NYSE Euronext develops proprietary indices to provide investors and issuers with benchmarks that measure performance of key segments of the world economy. NYSE Euronext indices are available to be licensed as the basis for tradable products, including Exchange-Traded Funds (ETFs), to be launched in the future. For more information on NYSE Euronext index services please visit: https://indices.nyx.com/

NYSE Euronext®, AEX®, AEX-Index®, AMX-Index®, BEL 20®, CAC®, CAC 40®, PSI 20®, NYSE®, NYSE U.S. 100 Index®, NYSE Arca®, NYSE Composite Index® , Intellidex® and StrataQuant® are registered trademarks of NYSE Group, Inc., Euronext N.V. or their subsidiaries.

About NYSE Euronext

NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.

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