Canadian ETF knowledgebase
The fund seeks to provide long-term capital growth by replicating, net of expenses, to the extent possible, the performance of the BNY Mellon BRIC Select ADR Index CAD hedged.
The Index tracks the performance of companies from Brazil, Russia India and China which trade as American depositary receipts ("ADRs") and/or Global depository receipts ("GDRs") on a U.S stock exchange.
Given that the ADRs underlying the index are U.S.-dollar denominated, the iShares BRIC Index Fund will hedge its exposure to U.S. dollars reduce currency risk.
Companies are selected using a proprietary methodology developed by the Bank of New York Mellon and that several criteria including trading on a U.S. exchange and minimum liquidity, share price and market capitalization levels.
|Category (main)||BRIC Equity - ADRs and GDRs|
|Category (other)||ADRs and GDRs|
|Underlying Index||BNY Mellon BRIC Select ADR Index (CAD) Hedged|
|ETF Structure||Passive type. Endeavours to return the Index return before fees/costs|
|Asset Class||Equity - ADRs and GDRs|
|Issuer||iShares Canada by Blackrock|
|ETF Home Page||Available here|
|Inception Date||7 Sept 2008|
|Significant Currency Exposure||Yes|
|Management Expense Ratio (MER)||0.66%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||Yes|
|SWP available **||Yes|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Canada ETFs's analysis of this ETF will be available soon.