Standard & Poor’s Corp. is dropping the word “Canadian” from the names of its Toronto Stock exchange sectoral sub-indices.
In a news release issued Wednesday, S&P said replacing “Canadian” with the work “capped” is designed to build consistency and clarity in its indices. The new names indicate that the indices are “capped”.
For example, the new name of the S&P/TSX Canadian MidCap Index is changing to the S&PTSX MidCap Index. The new name for the S&P/TSX Canadian Energy Index will be the S&P/TSX Capped Energy Index.
The changes will take effect after the market closes on Wednesday, April 20. Tickers will not be affected.
S&P said the new names also differentiate between real-time and end of day index values. Each index on the list currently is calculated on a real-time basis.
Here is a list of new names:
- S&P/TSX MidCap Index
S&P/TSX SmallCap Index S&P/TSX Capped
- S&P/TSX Capped Consumer Discretionary Index
- S&P/TSX Capped Consumer Staples Index
- S&P/TSX Capped Diversified Metals & Mining Index
- S&P/TSX Capped Energy Index
- S&P/TSX Capped Financials Index
- S&P/TSX Capped Gold Index
- S&P/TSX Capped Health Care Index
- S&P/TSX Capped Industrials Index
- S&P/TSX Capped Information Technology Index
- S&P/TSX Capped Materials Index
- S&P/TSX Capped Real Estate Index
- S&P/TSX Capped Telecommunication Services Index
- S&P/TSX Capped Utilities Index
- S&P/TSX Capped Income Trust Index
- S&P/TSX Capped Energy Trust index
- S&P/TSX Capped REIT Index
In a related announcement S&P is removing Energas Resources Inc. from the S&P/TSX Venture composite index after the close of trading Thursday, April 24.
Energas shares will be delisted from the TSX Venture Exchange after the close of trading on Wednesday, May 7.