Topic: How To Invest

ISHARES S&P/TSX 60 INDEX FUND $17.88 – Toronto symbol XIU

ISHARES S&P/TSX 60 INDEX FUND $17.88 (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good low-fee way to buy the top stocks on the TSX. The units are made up of stocks that represent the S&P/TSX 60 Index, which consists of the 60 largest, most heavily traded stocks on the exchange. Expenses are just 0.17% of assets.

The index mostly consists of high-quality companies. However, it must ensure that all sectors are represented, so it holds a few we wouldn’t include.

The index’s top holdings are Royal Bank, 8.2%; TD Bank, 7.1%; Bank of Nova Scotia, 6.2%; Suncor Energy, 4.5%; CN Railway, 3.9%; Bank of Montreal, 3.7%; Enbridge, 3.4%; Canadian Natural Resources, 3.2%; TransCanada Corporation, 3.0%; Manulife Financial, 3.0%; BCE, 2.9%; CIBC, 2.8%; Valeant Pharmaceuticals, 2.8%; Potash Corp., 2.3%; Cenovus Energy, 2.0%; and Goldcorp, 2.0%.

iShares S&P/TSX 60 Index Fund is a buy.

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