RE: Big boardPosted by yukoner1 a few days ago:
Globe and Mail March 2nd
The S&P/TSX composite index will get a quarterly makeover next Friday, and that means new names could be added to the index – which currently has 210 members. Unlike the Dow Jones industrial average, where membership is capped at 30, and the S&P 500, where membership is limited to 500, Canada’s benchmark index grows and shrinks depending upon whether companies satisfy criteria.
According to Garry Cooper, a strategist at UBS, there are 11 stocks that meet eligibility criteria: Bankers Petroleum Ltd., Eastern Platinum Ltd., Jaguar Mining Inc., NovaGold Resources Inc., Northgate Minerals Corp., Ivanhoe Energy Inc., Golden Star Resources Ltd., Linamar Corp., Western Coal Corp., DundeeWealth Inc., Ventana Gold Corp. -- that's right, mostly commodity producers.
Decisions will be made public on March 12, with the changes made effective on March 19.
No stocks are at risk of being booted out of the index. As well, Mr. Cooper doesn’t foresee any changes at the blue chip S&P/TSX 60 index.