iShares S&P/TSX Capped Consumer Staples Index ETF T.XST

Alternate Symbol(s): ISTIF

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Consumer Staples Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.

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iShares S&P/TSX Capped Consumer Staples Index ETF

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Post by dbenon Dec 10, 1999 12:01am

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Post# 1137955

Shareholders meeting on 22 Dec

I read their notice on the SEDAR site. Apparently they want shareholders to approve their purchase of "EnviroTrak" for $1,625,000. They have deposited $25,000 and would issue 8,000,000 share to finance this purchase. Their end of 1998 balance sheet shows them only having assets of $300,000. The company has been private since 1996 and have not done much since. I would wait this out longer. Looks like it the stock went up and is going down which was caused by an institutional investor.

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