An institutional asset manager is mandated to invest only in the 'Large-Cap' segment of the Canadian market, specifically utilizing the S&P/TSX 60 as a guide. What is the most likely reason for this specific market-cap based restriction?

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Large-cap companies (the top of the S&P/TSX 60) typically offer higher liquidity and lower price volatility compared to small-cap or micro-cap stocks.

An institutional asset manager is mandated to invest only in the 'Large-Cap' segment of the Canadian market, specifically utilizing the S&P/TSX 60 as a guide. What is the most likely reason for this specific market-cap based restriction?

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