Michael Petronella, managing director of Dow Jones Indexes said, "The Dow Jones Canada Growth and Value Indexes will provide investors an additional asset allocation tool and give pension plans more precise benchmarks to measure the performance of their asset managers.
Stocks in the Dow Jones Canada Growth and Value Indexes are categorized as either value or growth stocks according to six factors, rather than one or two as most existing style indexes use.
equity indexes, including a comprehensive series of growth and value indexes
The stocks are also members of either the Russell 1000 Value and Russell 2000 Value indexes
Negative performance of financial services stocks drubbed the value indexes, where the sector is heavily weighted.
When financial services stocks perform poorly, value indexes tend to suffer," Hintz said.
These price-to-book figures are the basis for classifying stock shares in Russell's growth or value indexes
In addition, BARRA offers the S&P 500/BARRA Growth and Value indexes
and the S&P Midcap 400/BARRA Growth and Value indexes
BARRA also offers BARRA Canadian Growth and BARRA Canadian Value indexes
which are subsets of the Toronto Stock Exchange 300 index.
The stocks are also members of the Russell 1000 Value and Russell 2000 Value indexes