Topic: How To Invest

ISHARES S&P/TSX 60 INDEX FUND $21.54 – Toronto symbol XIU

ISHARES S&P/TSX 60 INDEX FUND $21.54 (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, 8.4%; TD Bank, 7.4%; Bank of Nova Scotia, 6.1%; CN Railway, 4.7%; Suncor Energy, 4.3%; Bank of Montreal, 3.9%; Canadian Natural Resources, 3.5%; Enbridge, 3.3%; TransCanada Corp., 3.0%; CIBC, 2.9%; Manulife Financial, 2.9%; BCE, 2.7%; CP Rail, 2.6%; Potash Corp., 2.4%; Brookfield Asset Management, 2.1%; and Sun Life Financial, 1.8%.

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

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