The Toronto Stock Exchange is set to celebrate today the launch of its new S&P/TSX Battery Metals Index. The said benchmark aims “to provide investors increased exposure to, and deeper insights into the cleantech and energy transition story.”
“Toronto Stock Exchange remains focused on the future, committed to working with our clients and industry stakeholders to seek innovative ways to enable the success of traditional and newly-defined sectors across our diverse and ever-evolving public markets ecosystem,” said TSX CEO Loui Anastasopoulos.
The new index will cover TSX and TSX Venture-listed companies focused on the production and exploration of metals used for manufacturing electric vehicle batteries. As indicated by the name, the index is a collaboration of the Toronto-based exchange and S&P Dow Jones Indices.
The ten companies covered by the benchmark consist of 80% production-focused firms and 20% exploration companies.
Information for this briefing was found via the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.