The S&P/TSX SmallCap Index was redeveloped in March 2007 as a result of extensive consultation with small cap managers and the Canadian Index Advisory Panel, which includes leading institutional investors, investment banks and brokerage firms. As a result of this consultation it was determined that the index should be calculated as a separate index from the S&P/TSX Composite Index family in order to capture the appropriate investment opportunity set for a small cap manager.
The S&P/TSX SmallCap Index is calculated in real-time and provides an investable index for the Canadian small cap market. The index is float adjusted and market cap weighted. It is has been developed as the ideal benchmark for those with small cap exposure.
Index Governance and Policy
This index is maintained by the S&P Canadian Index Committee, whose members include representatives from both Standard & Poor's and the Toronto Stock Exchange. Committee oversight gives investors the benefit of Standard & Poor's depth of experience, research and analytic capabilities, combined with Toronto Stock Exchange's intimate local industry knowledge.
The S&P/TSX SmallCap Index is also the basis for the S&P/TSX Equity SmallCap Index, which is calculated end-of-day and excludes income trusts.
In March 2007, the S&P/TSX MidCap Index was renamed the S&P/TSX Completion Index. It represents constituents of the S&P/TSX Composite which are not included in the S&P/TSX 60 Index. In addition, the S&P/TSX Equity Completion Index, which is the S&P/TSX Completion Index excluding income trusts, was also established. It is calculated end-of-day.
Adobe Reader® required | 