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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by Acuras1on Sep 03, 2016 12:10pm
267 Views
Post# 25205596

TSX60 ETF - kicking out Bombardier & Blackberry a bad idea?

TSX60 ETF - kicking out Bombardier & Blackberry a bad idea?The issue arises from the fact the REIT sector in Canada has yet to be included in the TSX60. REITs now make up an important portion (albeit still small at about 5%) of the Canadian market. Only 60 companies can be included in the ETF TSX60 and so the smaller caps at the bottom have to make way for larger caps now represented by REITs.

As everyone knows the Canadian market is already very poorly diversified. While financials, energy, mining and materials make up 70% + of the TSX60 (same for the 300), other sectors such as industrials, consumer staples and discretionary, health, telecommunication and utililies group make up less than 30% of the TSX60.

If rules can be modified to now include REITs in the TSX60, something needs to give for indutrials and others. In my opinion it really doesn't make any sense to accomodate the REIT sector at the price of having to further increase the concentration of companies and sectors which are already over represented.

Taking out companies  like Bombardier and Blackberry out of the TSX60 will only serve to furtther concentrate an index which is already too concentrated in other sectors and which already offers relatively poor diversification.  

While it does make sense in my opinion to include REITs in the TSX, it will benefit no one by taking out what little industrial representation is there now.




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