Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) Inc has announced its addition to the S&P/TSX Venture Composite Index, a benchmark index representing selected TSX Venture listed companies that meet qualifying metrics.
The data intelligence company said inclusion in the Composite Index provides Fobi with significant exposure and visibility to index funds, institutional investors and large family offices.
“In a year that has challenged the world’s biggest companies, this serves as great validation of the hard work and careful planning we have put into both the operations and capital markets side of Fobi to deliver outstanding relative success versus all of our peers,” CEO Rob Anson said in a statement.
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“From a practical point of view, portfolio managers will now need to add the index weighted amount of shares of Fobi in their portfolios - and continue to add shares to maintain weighting as their assets under management grow - which should benefit the liquidity of our stock for the foreseeable future,” Anson added.
The S&P/TSX Venture Composite Index, a broad market capitalization-based index that is designed to measure the performance of securities listed on the TSX Venture Exchange, is maintained by the S&P/TSX Canadian Index Committee, which is composed of four members representing S&P Indices and three members representing the Toronto Stock Exchange, according to the company.
Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits.
Contact Sean at sean@proactiveinvestors.com