Nat. Bank offers Quebec stock index

National Bank Financial Group is launching a new stock index comprised exclusively of Quebec-based companies.

“This index meets the need expressed my many investors, individuals or industry professionals alike, looking for an economical and efficient way to track the performance of Quebec-based companies,” said Jean-Philippe Cousineau, managing director, shares and co-director, institutional stocks, National Bank Financial.

“The National Bank Quebec Index is a natural extension of National Bank’s presence in Quebec for more than 150 years, serving clients and individual as well as corporate investors.”

To be eligible in the index, companies must be listed on the Toronto Stock Exchange and are required to have a minimum float of $150 million and a minimum share price of $1. The weight of each constituent is capped at 5% at each rebalancing date to occur twice a year in April and in October.

For a list of the inaugural constituent companies, click here.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.