Canadian ETFs (exchange traded funds) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index.
ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day at a price that reflects the fund’s value at the close of trading.
Prices of Canadian ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a long-term cost advantage over most mutual funds.
As well, shares are only added or removed when the underlying index changes. As a result of this low turnover, you won’t incur the regular capital gains taxes generated by the yearly distributions most conventional mutual funds pay out to unitholders.
Some leading Canadian ETFs include the iShares S&P/TSX 60 Index ETF (Toronto symbol XIU; ca.ishares.com). This ETF 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, and it yields 2.7%.
A second is the iShares Canadian Select Dividend Index ETF (Toronto symbol XDV; ca.ishares.com). This ETF holds 30 of the highest-yielding Canadian stocks. Its selections are based on dividend growth, yield and payout ratio. The weight of any one stock is limited to 10% of the ETF’s assets. The fund’s MER is 0.55%, and it yields 4.9%.
Whatever you invest in, we think you should follow TSI Network and use our three-part Successful Investor strategy:
Discover how the secrets of successful investors can help you to a more profitable investment future in this special report, The 10 Best Practices of Successful Investors. Claim your FREE copy right now!
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These two ETFs offer low-fee exposure to the top Korean and German stocks for each sector.
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These low-fee ETFs track major indexes and give investors access to today’s most widely traded U.S. stocks.
These ETFs hold mostly blue chip, widely traded stocks on U.S. exchanges. All of them mirror, or track, the performance of major stock market indexes. That’s opposed to… Read More
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These two Vanguard ETFs offer low-fee exposure to some of the biggest U.S. and emerging-market stocks.
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Below we update ETFs that track the three most-widely followed U.S. indexes. Of course, you pay brokerage commissions to buy and sell these investments, but their low management fees give them a cost advantage over most mutual funds.
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Learn everything you need to know in '7 Winning Strategies for Dividend Investors' FREE Special Report from The Successful Investor.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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