Standard & Poor's Announces Changes in the S&P/TSX Canadian Indices
TORONTO, Dec. 3 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:
- The shareholders of Andean Resources Limited (TSX:AND) have approved the Merger Implementation Agreement whereby the company will merge with Goldcorp Inc. (TSX:G). Assuming receipt of Australian court approval, expected on December 8, 2010, Andean Resources will be removed from the S&P/TSX Global Gold and Global Mining Indices. The relative weight of Goldcorp will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX Global Gold and Global Mining the S&P/TSX Capped Materials and the S&P/TSX MegaCap indices. There will be no change to Goldcorp in the S&P/TSX 60 Equal Weight or the S&P/TSX 60 130/30 indices. These changes will all be effective after the close of trading on Thursday, December 9, 2010.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
About S&P Indices
S&P Indices, a part of McGraw-Hill Financial, is the world's leading index provider maintaining a wide variety of investable and benchmark indices. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely-watched commodities index and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
McGraw-Hill Financial, a part of The McGraw-Hill Companies (NYSE: MHP), is a leading provider of research and analytical tools for investment advisors, wealth managers and institutional investors. It deploys the latest innovative technology strategies to deliver to customers a portfolio of cross-asset analytics, integrated desktop services, valuation and index benchmarks and investment recommendations in the rapidly growing $16 billion financial information, data and analytics market.
For further information:
Tony North (416) 507-3204 [email protected] |
Dave Guarino 1 212 438 1471 [email protected] |
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