We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, October 21 after market close.Here are the details of the trades:
- Imperial Oil Ltd (IMO) – Market Trend. Increase in the Energy sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.
- Brookfield Infrastructure Partners L.P. (BIP.UN) – Market Trend. Increase in the Utility sector.
- Brookfield Asset Management Inc (BAM.A) – Market Trend. Decrease in the Financial sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company was also no longer in the top of its sector.
- Canadian Tire Corporation Limited Class A (CTC.A) – Market Trend. Decrease in the Consumer Discretionary sector.