What is the tse300 Composite Index?

First, let’s start with some background info. The TSE300 Composite Index was first implemented in 1977 as a benchmark for the Toronto Stock Exchange. For 25 years, the Index contained 300 companies. The number of companies that were included was set in stone, and the companies included can only be changed once per year at an annual review.

What is the S&P/TSX Composite Index?

The S&P/TSX Composite Index is a benchmark equity index that tracks around 250 of Canada's largest public companies. It is viewed as a barometer of the Canadian economy and is analogous to the S&P 500 Index in the United States. Companies must maintain strict liquidity and market capitalization requirements in order to remain part of the index.

What is a composite index?

A composite index is a grouping of equities that provide a useful statistical measure of overall market or sector performance over time. These indexes are useful for tracking the overall price level changes of an entire market and are thus used as a benchmark you can measure your portfolio against.

What is a TSX Index?

It is the broadest in the S&P/TSX family and is the basis for multiple sub-indices including but not limited to equity indices, Income Trust Indices, Capped Indices, GICS Indices and market cap based indices. The Toronto Stock Exchange (TSX) serves as the distributor of both real-time and historical data for this index.