Canadian ETF knowledgebase
The fund seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of an equity index called the S&P Global Water Index.
The index tracks a portfolio of 50 global equity securities from developed markets of companies that are involved in water-related businesses. Constituent holdings range in size from small-, mid- and large-cap stocks.
The index is designed to have a balanced representation from different segments of the water industry consisting of the following two segments of the water industry based on the Standard & Poor's Capital IQ ("CIQ") industry classifications:
The S&P Global Water Index provides liquid and tradable exposure to 50 companies from around the world that are involved in water related businesses.
To create diversified exposure across the global water market, the 50 constituents are distributed equally between two distinct clusters of water related businesses:
At each quarterly review stocks are capped at either 10% ot 5% depending on their "exposure score" (see the Index's methodology document for details).
|Category (main)||Global Equity - Water|
|Category (other)||Commodities - Water|
|Underlying Index||S&P/TSX Global Water Index|
|ETF Structure||Passive type. Endeavours to return the Index return before fees/costs|
|Issuer||iShares Canada by Blackrock|
|ETF Home Page||Available here|
|Inception Date||1 June 2007|
|Significant Currency Exposure||Yes|
|Management Expense Ratio (MER)||0.67%|
|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.