Standard and Poor’s will take over administration of the Toronto Stock Exchange index May 1, scrapping the TSE 300 Composite index and reconstituting the benchmark as the S&P/TSE Composite index, the TSE announced today.
"S&P will have a set of new criteria for inclusion and maintenance of public companies in the index,” according to a TSE statement. "There will no longer be a requirement for the index to have exactly 300 constituents. Company size and liquidity will be the chief attributes determining index membership.”
