CANADA - The Canadian Venture Exchange - a subsidiary of the Toronto Stock Exchange and ratings agency, Standard & Poor's - is to introduce a new venture capital index in December.
The S&P/CDNX Composite Index will replace the existing CDNX index, and will make its debut on the December, 10.
The index will be managed in a similar manner to the TSE 300 Composite index, and will be market-cap weighted. At its inception, the S&P/CDNX will include around 500 emerging companies.
A quarterly review will be employed, based on a -5%/+5% weighting.
A full list of stock names, methodology, and criteria for inclusion can be obtained at www.spglobal.com.
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