Canadian ETF knowledgebase
The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI Emerging Markets Minimum Volatility Index (USD), net of expenses.
The investment strategy of XMM is to invest primarily in shares of a U.S. iShares Fund (iShares MSCI Emerging Markets Minimum Volatility ETF) that seeks investment results that correspond generally to the applicable index.
The MSCI Emerging Markets Minimum Volatility Index measures the performance of equity securities in global emerging markets that have lower volatility relative to the equity securities included in the MSCI Emerging Markets Index.
The index aims to reflect the performance characteristics of a minimum variance strategy applied to large and mid cap equities across 21 Emerging Markets countries.
The index is calculated by optimizing the MSCI Emerging Markets 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 Emerging Markets Index.
|Category (main)||Emerging Markets Equity - Minimum Volatility|
|Category (other)||Minimum Volatility|
|Underlying Index||MSCI Emerging Markets Minimum Volatility Index (USD)|
|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||24 July 2012|
|Total Holdings||1 (211) *|
|Significant Currency Exposure||Yes|
* The US iShares ETF held has 211 holdings (May 2013)
|Management Expense Ratio (MER)||Unknown|
* Includes 0.39% fee waiver from Blackrock Canada, waiver expires Dec 31, 2014
|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.
iShares US includes a wealth of data on the iShares MSCI Emerging Markets Minimum Volatility ETF, including: