The first, the S&P/TSX Canadian Income Trust Index, will be a composite index beginning with 40 constituents representing all 10 GICS (Global Industry Classification Standard) sectors, having a float market capitalization of approximately 25 billion dollars. The second, the S&P/TSX Canadian Energy Trust Index, will launch with 13 constituents from the energy sector and will have a float market capitalization of approximately 10 billion dollars. The third index is the S&P/TSX Canadian REIT Index, which will start with 12 Real Estate Income Trusts (REITs) totaling approximately 7 billion dollars in float market capitalization. The S&P/TSX Canadian Energy Trust Index and the S&P/TSX Canadian REIT Index will be subindices of the composite S&P/TSX Canadian Income Trust Index. Barclays Global Investors Canada Ltd. has been licensed to create an exchange-traded fund (ETF) based on the S&P/TSX Canadian REIT Index. This new ETF will trade on the Toronto Stock Exchange.
In January 2000 Standard & Poor's acquired its Canadian index operations from the Toronto Stock Exchange. The goal then was, and continues to be, to provide indices with excellent liquidity and tradability to serve as a strong base for derivative and investment products and to give Canadian companies broader exposure to global investors. Since then, Standard & Poor's has considerably expanded both the depth and quantity of equity index coverage in Canada.
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