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Structured Products

Capital Trusts, 6 issuers, $4.2 billion market cap Exchange Traded Funds, 47 issuers, $19.4 billion market cap Split Share Corporations, 63 issuers, $6.0 billion market cap Principal Protected Notes, 50 issuers, $0.546 billion market cap Capital Trusts, 6 issuers, $4.2 billion market cap Exchange Traded Funds, 47 issuers, $19.4 billion market cap Split Share Corporations, 63 issuers, $6.0 billion market cap Principal Protected Notes, 50 issuers, $0.546 billion market cap Investment Funds, 206 issuers, $20.2 billion market cap Investment Funds, 206 issuers, $20.2 billion market cap

As at March 31, 2008

Structured Products (SPs) made up 2% of the total TSX QMV with a total QMV of $49.0 billion. The total number of structured products listed on Toronto Stock Exchange: 382

Structured Products are innovative and flexible investment products designed to respond to modern investor needs, be it for yield enhancement, capital protection or risk reduction. Over the past decade, structured products have become part of the financial mainstream.

This category includes a broad selection of:

  • Investment Funds, similar to mutual funds, that have a specific investment strategy and hold a broad selection of equities, income trusts, commodity and debt securities;
  • Exchange Traded Funds that track various indices;
  • Split Share Corporations that allow investors to take advantage of dividends from preferred shares or capital appreciation from capital shares;
  • Capital Trusts that provide investors return on portfolios of mortgages and fixed income securities;
  • Principal Protected Notes that return the original investment, if held to maturity, along with any investment gains.

Generally, these products use funds raised through a public offering to invest in a portfolio of securities which may be actively or passively managed. The objective of most funds is to create an income stream for investors from dividends, capital gains, interest payments or capital appreciations from underlying investments. These funds employ various investment management tools from leverage to derivative investment strategies to enhance the returns of the fund or for capital protection. These funds are not related to or hold a significant position in any single business.

You can download a list of Structured Products in Excel format, the Structured Products Sector Sheet, and the Structured Products Presentation.

For companies interested in listing or arranging a meeting with TSX, please contact Amelia Nedovich, Senior Manager ETFs & Structured Products at (416) 947-4499 or amelia.nedovich@tsx.com.