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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.


TSX:XST - Post by User

Post by hollydollyon Jun 15, 2000 9:22am
85 Views
Post# 2066585

Finning

FinningThursday June 15, 8:45 am Eastern Time Press Release SOURCE: XS Technologies Inc. Finning chooses MobileTrac for employee safety CALGARY, June 15 /CNW/ - John Way, President of XS Technologies (XST) is pleased announce that Finning (Canada) is currently field-testing the MobileTrac GPS Asset Tracking System. The MobileTrac system is under evaluation by Finning (Canada), a division of Finning International Inc., to address its concern about employee safety when they are working in remote locations or while traveling to and from customer and dealer sites. Finning's western operations has over 200 fleet service vehicles in the field at any given time. With the MobileTrac Cellular Digital Protocol Data (CDPD) system, employees can instantly report an emergency situation and have a response team dispatched to their precise location. In addition, Finning is intent on more proactively protecting its heavy equipment and other valuable mobile assets. The company will look to this technology to meet its objective. MobileTrac enables companies such as Finning to remotely monitor their equipment with the click of a mouse and as a result, the system assists companies in reducing equipment losses due to theft. XST estimates that, in Western Canada alone, the heavy equipment tracking and security sales potential is in excess of $35 million. The MobileTrac Asset and Tracking products use GPS along with cellular, radio or satellite equipment to protect and manage people, products and assets. MobileTrac systems offer up-to-the-minute location and status reports in the form of detailed daily logs or occasional reports. XST has been marketing MobileTrac since 1996 and has distribution contracts in Uruguay, Australia, Cote d'lvoire, Honduras, Bahamas and Taiwan worth over $8.2 million USD. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For further information President, John Way, (403) 571-8722, e-mail jway@mobiletrac.com
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