EWC Profile
The iShares MSCI Canada ETF is a specialized exchange-traded fund (ETF) aimed at providing investors with broad exposure to the Canadian equity market. The fund seeks to track the performance of the MSCI Canada Index, which represents a comprehensive range of large- and mid-capitalization stocks listed on Canadian stock exchanges. To achieve its investment objective, the ETF generally allocates at least 80% of its total assets to the securities included in this index, as well as to investments with similar economic characteristics.
The MSCI Canada Index is a free float-adjusted, market capitalization-weighted index that captures the performance of a broad selection of Canadian equities. It includes a diverse mix of sectors such as financials, energy, materials, and industrials, reflecting the varied landscape of the Canadian economy. This index is designed to offer a representative benchmark of the performance of Canadian large- and mid-cap companies, providing a broad-based view of the country's equity market.
By adhering to this index, the fund aims to deliver returns that closely mirror those of the MSCI Canada Index, adjusting its holdings to reflect any changes in the index's composition. This ensures that investors gain exposure to a representative sample of Canadian companies, mirroring shifts in the market and capturing the overall performance of the Canadian economy. The ETF’s strategy also allows it to remain responsive to market developments and sectoral shifts within Canada.
As a non-diversified fund focused solely on Canadian equities, the iShares MSCI Canada ETF is ideal for investors looking to target the Canadian market specifically. It offers a cost-effective way to invest in a broad array of significant Canadian companies, making it a suitable choice for those interested in capitalizing on the economic and financial trends within Canada. The fund’s design provides an efficient means of gaining exposure to the major players in the Canadian equity market while maintaining a close alignment with its benchmark index.
|
