
TSE:XIC
This summary was created by AI, based on 4 opinions in the last 12 months.
The iShares Core S&P/TSX Capped Composite Index ETF (XIC) offers a diversified exposure to Canadian equities, featuring well-known large-cap companies such as Royal Bank (RY), Toronto-Dominion Bank (TD), and Shopify (SHOP). The ETF has shown strong performance, benefiting from a rebounding TSX, although it has a notable overweight in the financial and energy sectors with a yield of approximately 2%. In contrast to XIC, some experts prefer alternatives like XEI or VDY, particularly if high dividends are a priority, as VDY is heavily weighted in Canadian banks. Moreover, investors contemplating between XIC and XIU should consider the trade-off between the broader diversification of XIC versus the more focused large-cap approach of XIU, which may lead to varying risk and volatility profiles. Overall, XIC holds a reasonable position for those looking to gain Canadian market exposure, especially post-pullback, but must weigh factors such as yield and sector exposure against personal investment goals.
(A Top Pick June 30/17. Up 8%.) That’s a core holdings in all of his portfolio. It’s a little bit more diversified than the XIU-T. He likes both because they both have a liquid options market. From time to time he will buy a Put or sometime he will sell a Call which is quite rare, so he likes the fact that its liquid. These indexes don’t get away from the typical 65-70% of banks, energy, base metals and gold. He would recommend ZIN-T from BMO because it’s industrials rather than being financials and it’s a good complement to the big ones.