We have rebalanced the Nasdaq Inovestor Canadian Index based on our Canadian Model Portfolio, effective today, January 22, after market close.
Here are the details:
Ins:
1. CCL Industries Inc. Class B (CCL.B) - Market trend. Increase in the Material sector as seen in the Top 100 index, therefore, increasing our position in the portfolio.
2. Hydro One (H) - Intra-sectoral transaction. In the top of its sector.
Outs:
1. Great-West Lifeco (GWO) - Market trend. Decrease in the Financial sector as seen in the Top 100 index, therefore, decreasing our position in the portfolio.
2. Fortis (FTS) - Intra-sectoral transaction. No longer in the top of its sector.
