Today we concentrate on ETFs that invest in largely or solely in companies listed or domiciled in Canada, led by the largest ETF in this segment, EWC (iShares MSCI Canada, Expense Ratio 0.52%) which currently has just north of $3 billion in assets under management.
Having debuted back in 1996, the fund is easiest the most well-known and popular way for investors to gain access to Canadian equities, and top holdings in this fund currently are Royal Bank of Canada (7.26%), Toronto Dominion Bank (6.47%), Bank of Nova Scotia (5.59%), Suncor Energy Inc. (3.93%), and Canadian National Railway Co. (3.61%).
What is noticeable is the concentration of Financial Services stocks on the top end of the portfolio, with 34.22% of the portfolio residing there. Energy is also well represented at 23.4%, followed by Basic Materials (11.69%), and Industrials (7.17%).
Canada has rallied fiercely in the past several sessions with EWC bumping up against its 50 day MA after briefly dipping below its 200 day just five trading sessions ago.
Other notable funds in the Canada space include ENY (Guggenheim Canadian Energy Income, Expense Ratio 0.70%), FCAN (First Trust Canada AlphaDEX, Expense Ratio 0.80%), CNDA (IQ Canada Small Cap, Expense Ratio 0.69%), and EWCS (iShares MSCI Canada Small Cap, Expense Ratio 0.59%) and from a niche standpoint, SILJ (PureFunds ISE Junior Silver, Expense Ratio 0.69%) has a hefty 93.82% of its portfolio invested in Canadian based companies.
iShares MSCI Canada ETF
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at pweisbruch@streetonefinancial.com.
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