We have rebalanced the Nasdaq Inovestor Canadian Index based on our Canadian Model Portfolio, which will be effective on April 17th after market close. Here are the details :
Ins
- First National Financial Corp. (FN)– Market Trend. Increase in the Financial sector as seen in the Top 100 index, therefore, increasing our position in the portfolio.
- Winpak Ltd. (WPK)– Market Trend. Increase in the Material sector.
- Sun Life Financial Inc. (SLF)– Intra-sectoral transaction. In the top of its sector.
- Fortis (FTS) – Intra-sectoral transaction. In the top of its sector.
Outs
- MTY Group (MTY)– Market Trend. Decrease in the consumer discretionary sector as seen in the Top 100 index, therefore, decreasing our position in the portfolio.
- Parex Resources Inc. (PXT)– Market Trend. Decrease in the Energy sector.
- Brookfield Asset Management Inc. (BAM.A)– Intra-sectoral transaction. No longer in the top of its sector.
- Brookfield Infrastructure Partners L.P. (BIP.UN) – Intra-sectoral transaction. No longer in the top of its sector.
- Brookfield Infrastructure Corporation (BIPC) – Intra-sectoral transaction. No longer in the top of its sector. This company was in our portfolio following a unit split equivalence from Brookfield Infrastructure Partners L.P (BIP.UN).