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S&P/TSX Composite Index

Canadian stock market index From Wikipedia, the free encyclopedia

S&P/TSX Composite Index
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The S&P/TSX Composite Index is the benchmark Canadian stock market index representing roughly 70% of the total market capitalization on the Toronto Stock Exchange (TSX). Having replaced the TSE 300 Composite Index on May 1, 2002,[1] as of September 20, 2021 the S&P/TSX Composite Index comprises 237 of the 3,451 companies listed on the TSX.[2] The index reached an all-time closing high of 25,691.80 on December 6, 2024,[3] and an intraday record high of 25,843.20 on December 9, 2024.[4]

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Eligibility

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TMX displaying S&P/TSX index information

To be eligible for inclusion in the Composite Index:[5]

  • Market capitalization: For eligibility any security must represent a minimum weight of 0.05% of the index. Moreover, the security must have a minimum weighted average price of at least C$1 over the past three months and over the last three trading days of the month-end prior to the exchange reviewing the index.
  • Liquidity: The trading volume in terms of dollar value and the number of transactions must exceed at least 0.025% of the sum of all eligible securities' trading volume. To ensure that no single company dominates trading, they are capped at a maximum of 15% for value, volume and transactions.
  • Domicile: Stocks must be listed on the Toronto Stock Exchange and be incorporated under Canadian laws.
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Record values

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Annual returns

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The following table shows the annual development of the S&P/TSX Composite Index, which was calculated back to 1945.[6][7][8]

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List of companies

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As of October 2, 2024 the S&P/TSX Composite Index comprised the following 223 companies:

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Exchange-traded funds

There are currently no ETFs that match the S&P/TSX Composite Index; however, the iShares S&P/TSX Completion Index Fund (TSX: XMD) combined with the iShares S&P/TSX 60 Index Fund (TSX: XIU) can give equivalent exposure. The iShares S&P/TSX Capped Composite Index Fund (TSX: XIC) and BMO S&P/TSX Capped Composite Index Fund (TSX: ZCN) match the diversity of the index but the relative weighting of each constituent is capped at 10%.

BlackRock also provides several iShares-brand ETFs which provide exposure to segments of the index; these include:

  • S&P/TSX Capped Energy Index Fund (TSX: XEG)
  • S&P/TSX Capped Financial Services Index Fund (TSX: XFN)
  • S&P/TSX Capped Technology Index Fund (TSX: XIT)
  • S&P/TSX Capped Basic Materials Index Fund (TSX: XMA)
  • S&P/TSX Capped REIT Index Fund (TSX: XRE)
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See also

Notes

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External links

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