The CIBC World Markets Income Trust Composite Index was up 5.38% in September, outperforming both the S&P/TSX composite total return index and the S&P 1500 total return index, which rose 3.67% and 1.39%, respectively.

CIBC World Markets released its September 2004 Income Trust indices report today.

The best performing sector was energy, up 9.75%, while the worst performing sector was REITs, which rose 2.22%

The Large/Mid Cap Index increased 6.36%, outperforming the Small Cap Index, which was up 2.90%. On a year-to-date basis, this is the first time of the year that Small Cap Index underperformed the Large/Mid Cap Index. The Small Cap Index underperformed the Large/Mid Cap Index by 1.66%.

The income trust index currently includes 145 income trusts with a market capitalization of approximately $87 billion.