Canadian ETF knowledgebase
The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI Canada Minimum Volatility Index, net of expenses.
The MSCI Canada Minimum Volatility Index measures the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in Canada that have lower volatility relative to the equity securities included in the MSCI Canada Index.
The eligible universe of securities is taken from the MSCI Canada 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 Canada Index.
Representative companies include energy, financials and materials companies. The Index is optimized in Canadian dollars and reported in Canadian dollars.
The MSCI Canada Minimum Volatility Index aims to reflect the performance characteristics of a minimum variance strategy applied to the MSCI large and mid cap Canadian equity universe.
The index is calculated by optimizing the MSCI Canada 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 Canada Index.
|Category (main)||Canadian Equity - Minimum Volatility|
|Underlying Index||MSCI Canada Minimum Volatility 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||24 July 2012|
|Significant Currency Exposure||No|
|Currency Hedging||Not applicable|
|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.