ISS uses the following two indexes for comparative purposes.
- The S&P/TSX Composite Index comprises approximately 71% of market capitalization for Canadian-based, Toronto Stock Exchange listed companies. The size of the S&P/TSX Composite (C$913.3 Billion in float market capitalization as of October, 2000) and its board economic sector coverage has made the S&P/TSX Composite the premier indicator of market activity for Canadian equity markets since its launch on January 1, 1977. The S&P/TSX Composite Index also serves as the benchmark for Canadian pension funds and mutual market funds. Approximately C$20 Billion is indexed to the S&P/TSX Composite Index.
- The MSCI EAFE Index (Europe, Australia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the US & Canada. As of April 2002, MSCI EAFE Index consisted of the following 21 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
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