We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, October 18 after market close.
Here are the details of the trades:
Outs:
1. Royal Bank of Canada (RY) – Market Trend. Decrease in the Financial sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company has the lowest SP score of its sector.
Ins:
1. Hammond Power Solution Inc (HPS.A) – Market Trend. Increase in the Industrial as shown by the Top 100 index, therefore, increasing our position in the portfolio. The company has the highest SP Score in its sector.
Trimming
Constellation Software (CSU) weight has exceeded 10%, we are restoring its weight to 9%.
Weighting
We take the proceed to allocate 0.75% to :
Intact Financial Corporation (IFC)
RB Global Inc (RBA)
goeasy Ltd (GSY)
Restaurant Brands International Inc (QSR)
The remaining amount, about 3%, is allocated to Hammond Power Solution Inc (HPS.A),
