Opinions
Terry Shaunessy
iShares Jantzi Social Index ETF
XEN-T
DON'T BUY
Sep 21, 2018
$25.690
Stock price when the opinion was issued
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It's the ideal tool to help you make quicker, more informed decisions for
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TOP PICK
Standard for socially responsible investing in Canada. Tracks the TSX 60, and drops out the “most evil” 20% of each sector in terms of environment, social, and governance. Still includes lots of banks. Step in the right direction to get exposure to broader Canadian market, but avoid laggards in the sustainability scores. Shows that sustainable investing can actually outperform the benchmark.
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DON'T BUY
He likes socially responsible ETFs, but not this one. This is not a true ESG ETF. Rather, this is a proxy for Canadian large-caps, like bank and big corporate stocks that have governance rules like equal-opportunity hiring. For a true ESG product, find one that's actively (not passively) managed. It's worth the higher management fee.
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PAST TOP PICK
(A Top Pick Jul 20/18, Up 1%) Great ETF that tracks the Canadian stock market. Socially responsible version of the TSX 60. This is an option for investors that want to avoid things like tobacco, military and weapons companies without giving up any of the financial performance. This will do just as well if not a little better than the TSX 60.
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Socially responsible index. When you break it down, it looks pretty much like the TSX composite. Most major corporations have become socially responsible because they’ve had to. 0.55% MER more expensive than XIU. He suggests to instead buy the XIU or similar, and make a donation to a cause with money you will save.