S&P/TSX Composite Index
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The S&P/TSX Composite Index is an index of the stock (equity) prices of the largest companies on the Toronto Stock Exchange (TSX) as measured by market capitalization. The Toronto Stock Exchange listed companies in this index comprises about 70% of market capitalization for all Canadian-based companies listed on the TSX.[citation needed]
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[edit] Eligibility
To be eligible for inclusion in the Composite index[1] :
- Market Capitalization: For eligibility any security must represent a minimum weight of 0.05% of the index. Moreover, the security must have a minimum weighted average price of at least C$1 over the past three months and over the last three trading days of the month-end prior to the exchange reviewing the index.
- Liquidity: The trading volume in terms of dollar value and the number of transactions must exceed at least 0.025% of the sum of all eligible securities' trading volume. To ensure that no single company dominates trading, they are capped at a maximum of 15% for value, volume and transactions.
- Domicile: Stocks must be listed on the Toronto Stock Exchange and be incorporated under Canadian laws.
[edit] List of companies
As of November 6, 2009:
[edit] Exchange-traded Funds
Several ETF's exist which match or follow the performance of the S&P/TSX Composite Index or the performance of a segment of the index. These include TSX: XIU, TSX: XIC, TSX: XIT, TSX: XMA, TSX: XTR, TSX: XMD, TSX: XEG, TSX: XFN and TSX: XGD. The iShares S&P/TSX 60 Index Fund TSX: XIU is an exchange-traded index fund tied to the S&P/TSX 60.
[edit] Notes
- ^ [Wikinvest:S&P/TSX Composite Index (.TTT-T)| TSX methodology via Wikinvest]
Effective 1 March 2006, the S&P TSX Composite included several income trusts (see List in XLS format).
[edit] See also
[edit] External links
- Toronto Stock Exchange
- S&P/TSX Composite index at Standard & Poor's
- Financial Markets Seismometer, statistically significant S&P/TSX market events.
- S&P/TSX Composite Index Profile on Wikinvest
