Canadian ETF knowledgebase
The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Global Gold Index through investments in the constituent issuers of such index, net of expenses.
The S&P/TSX Global Gold Index is designed to provide an investable index of global gold securities.
To be eligible for inclusion into the index, a security must be listed on the TSX, NYSE, AMEX, or NASDAQ exchange for at least 12 calendar months.
Eligible Securities are classified under the GICS (Global Industry Classification Standard) Code 15104030 which includes producers of gold and related products, including companies that mine or process gold and the South African finance houses which primarily invest in, but do not operate, gold mines.
At each quarterly review any security with a relative weight above 25% is capped at 25%.
|Category (main)||Global Equity - Gold|
|Category (other)||Commodities - Gold|
|Underlying Index||S&P/TSX Global Gold 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||23 Mar 2001|
|Significant Currency Exposure||Yes|
|Management Expense Ratio (MER)||0.60%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||No|
|SWP available **||No|
* 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.