|
|
Market In
Profile - "You say Goodbye, and I say Hello"
March 7, 2001
|
Toronto - As part of
the annual TSE 300 revision, Standard & Poor's (the TSE 300
composite administrator), will be adding 15 companies to the TSE
300 composite, while removing 10 companies from the composite
to balance out the additions. The "missing 5" from the
drop list is due to previous changes to the listing which with
the 10 dropped companies will balance out the 15 new additions.
What does this mean
for investors? Simply put -- a lot. When changes are made to an
index, securities products (such as index mutual funds) which
track the index must buy into the new additions and sell their
holdings of the dropped companies in order to match the index.
So, between now and until the official change day the prices of
these companies will be affected as investors and mutual fund
managers readjust their portfolios to reflect the new changes.
Word to the wise: Expect some fluctuations in the prices of the
shares in these companies.
|
| TSE 300
Composite Index Changes (@ the close on March 16, 2001) |
| Added
to the TSE 300 |
Dropped
from the TSE 300 |
- CHC Helicopter
Corp. (FLYa:TSE)
- Guardian
Capital Group Ltd. (GCGa:TSE)
- Hub International
Ltd. (HBG:TSE)
- Itemus
Inc. (ITM:TSE)
- Leon's
Furniture Ltd. (LNF:TSE)
- LionOre
Mining International Ltd. (LIM:TSE)
- Lions
Gate Entertainment Corp. (LGF:TSE)
- Magin
Energy Inc. (MGY:TSE)
- NQL Drilling
Tools Inc. (NQLa:TSE)
- Post Energy
Corp. (PSN:TSE)
- Richelieu
Hardware Ltd. (RCH:TSE)
- Storm
Energy Inc. (SME:TSE)
- Turbo
Genset Inc. (TGN:TSE)
- Velvet
Exploration Ltd. (VLV:TSE)
- Winpak
Ltd. (WKP:TSE)
|
- Bema Gold
Corp. (BGO:TSE)
- Bid.Com
International Inc. (BII:TSE)
- Call-Net
Enterprises Inc. (CN:TSE)
- Counsel
Corp. (CXS:TSE)
- Gulfstream
Resources Canada Ltd. (GUR:TSE)
- Nurun
Inc. (IFN:TSE)
- Norsat
International Inc. (NII:TSE)
- Namibian
Minerals Corp. (NMR:TSE)
- Sask.
Wheat Pool (SWPb:TSE)
- TVX Gold
Inc. (TVX:TSE).
|
The Investors Centre
Market In Profile, March 7, 2001
Disclaimer
|