We have rebalanced the Nasdaq Inovestor Canadian Index based on our Canadian Model Portfolio, which will be effective on April 18th after market close. Here are the details:
Ins:
- Great-West Lifeco Inc. (GWO) – Market Trend. Increase in Financial sector as seen in the Top 100 index therefore increasing our position in the portfolio.
- Norbord Inc (OSB) – Market Trend. Increase in Materials sector as seen in the Top 100 index therefore increasing our position in the portfolio.
- Open Text Corporation (OTEX) – Market Trend. Increase in Information Technology sector as seen in the Top 100 index therefore increasing our position in the portfolio.
Outs:
- The North West Company Inc (NWC) – Market Trend. Decrease in the Consumer Staple sector as seen in the Top 100 index.
- Parkland Fuel Corporation (PKI) – Market Trend. Decrease in the Energy sector as seen in the Top 100 index.
- CAE Inc. (CAE) – Market Trend. Decrease in the Industrials sector as seen in the Top 100 index.