Standard & Poor’s Provisional Income Trust Index debuts with 68 trusts as of the end of trading on Friday, Sept. 16.
68 income trusts will be included in the Provisional S&P/TSX Income Trust Index and will also be added to the Provisional S&P/TSX Composite Index and the Provisional S&P/TSX SmallCap Index, although the weight of the provisional trust index will not be fully reflected until March. Trusts will then account for 9% of the weighting in the composite index.
About half of the 68 trusts being added to the index are energy trusts with some utilities, telecom, health care, consumer staples and real estate investment trusts.
The S&P/TSX will also add five more energy sector companies to its index: Cyries Energy Inc., Duvernay Oil Corp., International Uranium Corp., InterOil Corp. and Rider Resources Ltd. on Sept. 16, as well as Centerra Gold Inc. Fourteen other companies in a variety of industries will be removed.
Standard & Poor’s announces changes in S&P/TSX Canadian indices
S&P/TSX Income Trust Index debuts after closing Sept. 16
- By: IE Staff
- September 14, 2005 September 14, 2005
- 08:32
IE Staff