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INK™ Canadian Insider Index
Methodology


Introduction

The INK Canadian Insider Index is designed to measure the performance of a basket of 50 Toronto Stock Exchange (TSX) listed growth and value stocks with significant insider buying and ownership. Insider holdings are considered by some to be a strong predictor of performance. The Index seeks to capture the returns of TSX listed growth and value stocks by using proprietary factors which incorporate insider buying and ownership. Constituents are equal weighted at each semi-annual rebalancing.

Highlights

This smart-beta index provides exposure to the broad Canadian market using INK Research's proprietary INK Edge® V.I.P. screening criteria of valuations, insider commitment and price strength characteristics. This results in a unique risk/return profile which provides exposure to growth and value equity securities preferred by insiders.

The Index uses an equal-weighting methodology, as opposed to a market capitalization weighted methodology, seeking to provide the benefit of allowing the Index to buy low and sell high at each rebalancing.

 
Eligibility Criteria
Index Construction
Index Maintenance
Index Data
Index Governance
Index Dissemination
Appendix
 
Contact
Index Management
Director of Index Management
604-669-4465 ext 331
inquiries@inkresearch.com
Media Relations & Marketing
Director of Index Sales and Marketing
604-669-4465 ext 333
inquiries@inkresearch.com


Disclaimer

The inception date of the Index was November 14, 2014. All information presented prior to the index inception date is backtested. Historical returns for INK Indexes prior to the live production date are calculated using the same INK methodology that was in place at live inception date. Backtest performance calculations may not be complete due to lack of data sources, corporate actions and the availability and reliability of data for specific securities.

Past performance is not an indication of future results. Live application of the methodology used to construct the Index may not result in performance commensurate with backtest returns.

Indexes are unmanaged and while designed with the objective of being investable, they cannot be invested in directly. Any returns or performance provided within are for illustrative purposes only and do not demonstrate actual performance. Performance returns do not include the trading of actual assets. Consequently, results do not include transaction costs and fees.

All information provided by INK is impersonal and not tailored to the needs of any individual, group, or organization. INK receives compensation in connection with licensing its indexes to third parties for use in investment products such as exchange traded funds, mutual funds or other vehicles. Do not assume that any such investment product will have performance results that track the Index or provide positive returns due to associated transaction costs, fees and other factors such as but not limited to market risk. Prospective investors in any investment product which licences this Index are cautioned not to rely on any statements set forth in this document. Prospective investors are advised to make an investment in any such investment product only after carefully considering the risks and fees involved which are typically explained in a prospectus or similar document prepared by the issuer of the investment product.

INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Nothing herein should be construed as investment advice.

Neither INK nor anyone affiliated with INK is responsible for any investment decision made. INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion; however, there may be inadvertent and occasional errors. INK makes no guarantee of accuracy or completeness. All information and opinion expressed herein is subject to change without notice. INK employees may have an ownership or investment interest in any stock mentioned.

Inclusion of a security within an index is not a recommendation by INK to buy, sell, or hold such a security.

All information herein is Copyright © 2019 INK Research Corp. All rights reserved

INK is the owner of the trademarks, service marks and copyrights related to its indexes. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. The Morningstar® name and logo are the registered trademarks of Morningstar. SEDI® is a registered trade-mark owned by the Alberta Securities Commission. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.