Fund managers push to keep Teck Resources in Canadian stock benchmarks

Teck Resources' Highland Valley Copper Mine near Logan Lake, B.C., in September. Anglo Teck, the company that will be formed after the proposed merger of Teck and Anglo, plans to have its primary listing on the London Stock Exchange.

Institutional investors are campaigning to keep Teck Resources Ltd. TECK-B-T listed in domestic stock market benchmarks after the miner completes its proposed merger with London-based Anglo American PLC NGLOY , a move aimed at countering the hollowing out of corporate Canada.

At an event earlier this month, S&P Dow Jones Indices, which runs the S&P/TSX benchmarks, faced heavy pressure from fund managers to keep a company that will rank among the world’s largest copper miners in domestic indices. Analysts and investors who attended S&P’s annual Canadian I