Toronto Chapter: The New TSX60

The investment business is primarily about beating a sector benchmark, or peer funds, or simply delivering more than a composite index. Though 90% of the money managers fail to consistently beat the benchmark, delivering more than the benchmark is considered as a filter which separates the outperformers from the rest. While the market community is focused on this outperformance, little research has been done on financial innovation which recreates, redefines, recalculate the benchmark (composite index) itself, to make a new benchmark. Very few have attempted this feat like S&P Dow Jones Indices, Russell and Fundamental index, the innovators end up becoming the new market itself.