The TSE 300 Capped Index was launched on April 25, 2000 in response to the market need for a recognized benchmark limiting the exposure of any one company to less than 10%. At the time, many fund managers found the TSE 300 Composite Index to be an inappropriate benchmark due to several companies having an index weighting in excess of 10%.
“The index was originally launched as a custom product, whereby clients could subscribe to receive the information on a daily basis.” Said Glenn Doody, Director, Standard & Poor’s Index Services (Canada). “However, due to the overwhelming success of the product in the past eight months, we feel that it is time to move forward, and explore all potential avenues of growth for this index”.
Standard & Poor’s, a division of The McGraw-Hill Companies (NYSE: MHP), provides independent financial information, analytical services, and credit ratings to the world’s financial markets. Among the company’s many products are the S&P Global 1200, the world’s first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 21 countries, Standard & Poor’s is an integral part of the global financial infrastructure.
