Canada ETFs logo

Canada ETFs

Canadian ETF knowledgebase


Subscribe to Canada ETFs mailing list E-mail:




iShares Edge MSCI Minimum Volatility EAFE Index ETF - XMI

ETF Overview

EAFE: Europe, Australasia, the Middle East and the Far East.

The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI EAFE Minimum Volatility Index (USD), net of expenses.

The MSCI EAFE Minimum Volatility Index measures the performance of international equity securities that have lower volatility relative to the equity securities included in the MSCI EAFE Index.

The eligible universe of securities is taken from the MSCI EAFE Index, which is a capitalization-weighted index, and then MSCI follows a rules-based methodology to determine optimal weights for securities in the Index in order to seek to minimize total risk of the MSCI EAFE Index.

The Index includes stocks from Europe, Australasia, the Middle East and the Far East. Representative companies include consumer staples, financials and health care companies.

The Index is optimized in U.S. dollars and reported in Canadian dollars.

The investment strategy of XMI is to invest primarily in shares of a U.S. iShares Fund (iShares MSCI EAFE Minimum Volatility ETF) that seeks investment results that correspond generally to the applicable index.

Additional Index Information

The MSCI EAFE Minimum Volatility Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid cap equity universe across Developed Markets countries around the world excluding the US and Canada.

The index is calculated by optimizing the MSCI EAFE Index, its parent index, for the lowest absolute risk (within a given set of constraints).

Historically, the index has shown lower beta and volatility characteristics relative to the MSCI EAFE Index.

Key ETF Data

Fundamentals
Category (main) EAFE Equity: Broad Equities / Minimum Volatility
Category (other)Minimum Volatility
Underlying Index MSCI EAFI Minimum Volatility Index (USD)
ETF Structure Passive type. Endeavours to return the Index return before fees/costs
Asset Class Equity
Region EAFE (Europe, Australasia, the Middle East and the Far East)
Issuer iShares Canada by Blackrock
ETF Home Page Available here

* EAFE is an acronym for Europe, Australasia and Far East

Fund Facts
Inception Date 24 July 2012
Total Holdings 1 (173) *
Distribution Frequency Semi-Annual
Leverage None
Significant Currency Exposure Yes
Currency Hedging No

* The US iShares ETF held has 173 holdings (May 2013)

Fees
Management Fee 0.35% *
Management Expense Ratio (MER) Unknown

* Includes 0.10% fee waiver from Blackrock Canada, waiver expires Dec 31, 2014

Trading Information
Ticker XMI
Exchange TSX (Toronto Stock Exchange)
Currency CAD
Eligibility
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.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:

ETF at TMX ETF at Morningstar

ETF Analysis

Canada ETFs's analysis of this ETF will be available soon.

iShares US: iShares MSCI EAFE Minimum Volatility ETF

iShares US includes a wealth of data on the iShares MSCI EAFE Minimum Volatility ETF, including:

ETF

ETF