TSX launches 2 new indexes on Monday

The Toronto Stock Exchange (TSX) announced on Friday that two of its three new indexes — the S&P/MX International Cannabis Index and the S&P/TSX Small Cap Select Index — will be released on Nov. 18.

A third new index, the S&P/TSX Cannabis Index, will debut at a future date that has yet to be announced.

The S&P/MX International Cannabis Index will track cannabis companies that are trading on the TSX, the TSX Venture Exchange, the New York Stock Exchange (NYSE), or NASDAQ.

The S&P/TSX SmallCap Select Index includes components of the S&P/TSX SmallCap Index that “have a demonstrated track record of generating positive earnings,” the TSX stated in a release.

The new indexes’ detailed methodologies will be released on Nov. 18.

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.