(September 27 – 15:05 ET) – Standard & Poor’s has announced the launch date of four new sector indices for information technology, energy, financial and gold companies.

The initial values for the S&P/TSE Canadian Sector Indices will be disseminated at the close of business on Friday September 29 through market data vendors. Real-time dissemination of sector levels will begin on Monday October 2.

The new S&P/TSE Canadian Sector Indices, which where originally announced on July 10, are: S&P/TSE Canadian Information Technology Index; S&P/TSE Canadian Energy Index; S&P/TSE Canadian Financials Index; and S&P/TSE Canadian Gold Index

The constituents of each sector index will be derived from a stock pool of TSE 300 Composite companies. The weight of each company will be capped at a maximum of 25% of the sector index. A list of sector companies and estimated relative weights is available for the TSE.

In other index news, Standard & Poor’s Canadian index operations made changes to the TSE 300 Composite, S&P/TSE Canadian SmallCap and TSE 200 Indices at the close of business yesterday.

Vasogen Inc. replaced Prudential Steel Ltd. in the TSE 300 Composite, S&P/TSE Canadian SmallCap and TSE 200 Indices. Vasogen was added to the TSE 300 Composite Index in the consumer products group, and the S&P/TSE Canadian SmallCap Index in the health care sector.
-IE Staff