iShares S&P/TSX 60 Index ETF $21.33 – Toronto symbol XIU

Article Excerpt

ISHARES S&P/TSX 60 INDEX ETF $21.33 (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—the 60 largest, most heavily traded stocks on the exchange. The ETF began trading on September 28, 1999. Expenses are just 0.18% of assets, and it yields 2.8%. 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 fund’s top holdings are Royal Bank, 8.6%; TD Bank, 7.5%; Bank of Nova Scotia, 5.9%; CN Railway, 4.7%; Suncor Energy, 4.3%; Bank of Montreal, 3.9%; BCE, 3.8%; Enbridge, 3.4%; and TransCanada Corp., 3.4%. iShares S&P/TSX 60 Index ETF is a top ETF pick for 2016. …