Mike S. Newton, CIM FCSI iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) XFH-T COMMENT Jan 26, 2016

As long as you hold it judiciously it could be a core holding, such as low double digits as a percentage. Because it has the total investable benchmark index, you are getting a lot of small company names and a lot of exposure to stocks from around the world, especially in Europe. A great way to get diversification, both in terms of getting outside of North America, but also by tilting modestly towards small company stocks. You have to decide whether you want hedged or unhedged, and for most products right now he is using unhedged, but sometime reasonably soon, when he thinks we have hit close to a bottom, he will probably be putting the hedge on the US positions that he has, as he thinks the Cdn$ will drop further, when interest rates are raised further in the US. (Be aware that this could trigger some capital gains.)