Institutional investors, for instance, often have requirements as to the type of stocks they can hold, and if a stock doesn't meet those, they can't buy it. In Canada, the S&P/TSX Composite is comparable to the S&P 500 as it holds the Toronto Stock Exchange's top stocks and is a gauge of how the Canadian market is doing. Although a reason wasn't given for the deletion of Aurora from the S&P/TSX Composite, market capitalization is a key eligibility factor and seems to be the most likely reason for the change. Read More...
Institutional investors, for instance, often have requirements as to the type of stocks they can hold, and if a stock doesn’t meet those, they can’t buy it. In Canada, the S&P/TSX Composite is comparable to the S&P 500 as it holds the Toronto Stock Exchange’s top stocks and is a gauge of how the Canadian market is doing. Although a reason wasn’t given for the deletion of Aurora from the S&P/TSX Composite, market capitalization is a key eligibility factor and seems to be the most likely reason for the change.
Add Comment