Sustainable North American Oil Sands Index® tracks the most liquid U.S.-listed equities that are investing in Canada’s oil sands. The number of constituents is usually 30 but can range between 25 & 40 depending on market depth. The constituents are equal weighted and must be option eligible.
The goal of the Sustainable North American Oil Sands Index® is to provide investors with a simple and efficient method of targeting this high growth industry of the North American energy sector. In addition, the index provides institutional investors with a more diversified, higher yielding benchmark alternative to the market capitalization weighted S&P Energy Index® that is heavily concentrated in the top 5 holdings.