Manulife Financial Corp. will be getting a bigger position in stock indices as a result of its acquisition of John Hancock Financial Services.

Standard & Poor’s Canadian Index Operations has announced that following the close of business on Wednesday, April 28, the relative weight of Manulife will increase by approximately:

  • 2.03% in the S&P/TSX composite and capped composite indices; 2.70% in the S&P/TSX 60 and 60 capped indices; and
  • 5.68% in the S&P/TSX capped financials index.

    The relative weight change reflects the issuance of new shares as part of the acquisition of John Hancock.