Canadian ETF knowledgebase
The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI USA Minimum Volatility Index (USD), net of expenses.
The MSCI USA Minimum Volatility Index measures the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States that have lower volatility relative to the equity securities included in the MSCI USA Index.
The index aims to reflect the performance characteristics of a minimum variance strategy applied to the US large and mid cap equity universe.
The index is calculated by optimizing the MSCI USA 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 USA Index.
|Category (main)||USA Equity: Broad Equities / Minimum Volatility|
|Underlying Index||MSCI USA 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|
|Significant Currency Exposure||Yes|
|Management Expense Ratio (MER)||Unknown|
|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.