Friday after the close we got some highly anticipated updates to the TSX index:
Company | Treatment |
|---|---|
RB Global (RBA) | Added |
Algoma Steel (ASTL) | Deleted |
Precision Drilling (PD) | Deleted |
Tilray Brands (TLRY) | Deleted |
Spin Master (TOY) | Deleted |
We’d expect RBA shares to have support ahead of the index inclusion on June 23rd, in anticipation of passive fund flows - here’s the napkin math on magnitude:
That’s ~$200M of indiscriminate buying, and active capital now knows it’s coming.
