Here’s a low-cost ETF for exposure to top Canadian stocks

Article Excerpt

TD CANADIAN EQUITY INDEX ETF $26.59 (Toronto symbol TTP; TSINetwork ETF Rating: Conservative; Market cap: $1.9 billion) invests in large and medium-sized publicly listed Canadian companies. The ETF aims to track the Solactive Canada Broad Market Index. The fund currently holds 276 stocks; the largest segment weighting is allocated to Financial companies (31%), followed by Energy (17%), Basic Materials (14%) Technology (8%), and Industrials (7%). The top 10 holdings make up 34% of its assets. Top holdings include Royal Bank of Canada (6.5%), TD Bank (4.3%), Shopify (3.5%), Enbridge (3.4%), Canadian Natural Resources (3.1%), Canadian Pacific Kansas City (3.0%), Brookfield Corporation (2.9%), Canadian National Railway (2.7%), Bank of Montreal (2.6%), Constellation Software (2.5%), Manulife Financial, 2.0%; and TC Energy, 2.0%. The ETF started up in March 2016 and charges a very low MER of 0.05%. It has a large asset base and offers reasonable liquidity with an average of $1 million in units trading daily. The fund pays a fluctuating quarterly dividend; the cash dividend amounted to…