Pot indexes to launch this month

A couple of new cannabis-focused indexes are coming to Toronto Stock Exchange’s (TSX) data feeds.

The TSX announced that three new indexes are going to be released on the TSX Real-Time Index (TX1) feed in mid to late November. Two of the new indexes are focused on the cannabis sector.

The S&P/TSX Cannabis Index will track the performance of cannabis companies that are trading on either the TSX or the TSX Venture Exchange (TSXV). The ​S&P/MX International Cannabis Index will track companies that are trading on the New York Stock Exchange (NYSE) or NASDAQ, along with the TSX and the TSXV.

The third new index, the S&P/TSX SmallCap Select Index, includes companies that are part of the S&P/TSX SmallCap Index that “have a demonstrated track record of generating positive earnings.”

The exchange says that the indexes’ methodologies will be disclosed closer to their launch.

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