Where have you heard about the TSX-60 index?
What is the TSX-60 index?
The TSX-60 index is a free-float capital-weighted stock market index made up of 60 of the financially largest companies listed on the Toronto Stock Exchange. It is maintained by the Canadian S&P Index Committee and is also known as the S&P/TSX 60.
The TSX-60 index represents some of Canada's biggest companies, as well as being the Canadian component of the S&P Global 1200 Index. As part of the S&P/TSX Composite Index, the TSX-60 index can be one of the starting points for investors building a portfolio.
What you need to know about the TSX-60 index.
The 60 companies listed on the TSX-60 index cover the following industry sectors:
Financials
Energy
Materials
Industrials
Telecommunication Services
Consumer Discretionary
Consumer Staples
Information Technology
Utilities
Health Care
This industry spread is beneficial to investors and investment managers as it gives them access to the large capitalisation sector of the Canadian equity market.
When the TSX-60 index and the S&P/TSX Completion Index combine, they form a benchmark Canadian index known as the S&P/TSX Composite Index. It includes 250 companies and represents around 70% of the total market capitalisation on the Toronto Stock Exchange.
Both the real-time and historical data for the TSX-60 index is distributed by the Toronto Stock Exchange.
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