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Topic: How To Invest

ISHARES S&P/TSX 60 INDEX FUND $20.44 – Toronto symbol XIU

ISHARES S&P/TSX 60 INDEX FUND $20.44 (Toronto symbol XIU; buy or sell through a broker; 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.

Most of the stocks in the index are high-quality companies. However, as it must ensure that all sectors are represented, it holds a few we wouldn’t include, such as Yellow Media Inc.

The index’s top holdings are: Royal Bank, 6.7%; Suncor Energy, 5.9%; TD Bank, 5.8%; Bank of Nova Scotia, 5.3%; Canadian Natural Resources, 4.4%; Barrick Gold, 4.3%; Potash Corp., 4.2%; Goldcorp, 3.1%; Bank of Montreal, 2.9%; CN Railway, 2.7%; Manulife Financial, 2.7%; CIBC, 2.7%; Research in Motion, 2.5%; and Cenovus Energy, 2.3%.

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

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