3/17/2023 0 Comments Ishare canadianIn April 2011, BlackRock partnered with Sun Life Global Investments to bring to market two Canadian mutual funds, which have drawn on the complimentary approaches to risk management of both Sun Life Global Investments and BlackRock. There is significant overlap with the iShares’ new S&P sector funds.Īs well as being available to investors directly via the TSX, the new iShares funds will also be available to Sun Life Global Investments within several of their mutual funds that are sub-advised by BlackRock. The MSCI World Index covers 23 developed market countries. These world sector ETFs track companies included in the MSCI World Index classified as industrials and consumer discretionary, respectively, by GICS. ![]() UK and European investors looking for a locally-listed equivalent could consider the Lyxor ETF MSCI World Industrials TR (INUG) and Lyxor ETF MSCI World Consumer Discretionary TR (DISG) from Lyxor, a subsidiary of Societe Generale. ![]() The funds each have a management fee of 0.63% per annum. The parent S&P Global 1200 captures approximately 70% of the world’s equity markets and is a composite of 31 local markets from seven headline indices including, among others, the S&P 500, S&P Europe 350 and S&P/TOPIX 150. Major holdings include Toyota, Comcast, Home Depot, Walt Disney and McDonald’s. This index includes all constituents of the S&P Global 1200 classified as consumer discretionary. Similarly, the iShares S&P Global Consumer Discretionary Index ETF tracks the S&P Global 1200 Consumer Discretionary Canadian Dollar Hedged Index. Major holdings include General Electric, Siemens, United Technologies, 3M and Union Pacific. The index includes constituents of the S&P Global 1200 Index included in the industrials sector and sub-industries as defined by the Global Industry Classification Standard (GICS). The iShares S&P Global Industrials Index ETF is linked to the S&P Global 1200 Industrials Canadian Dollar Hedged Index, a float-adjusted, market capitalisation-weighted CAD-hedged index. The funds, the iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI) and iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged) (XCD), have been listed on the Toronto Stock Exchange (TSX) and are hedged back to Canadian dollars. The iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI) provides exposure to major global industrial companies such as General Electric (pictured).
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