iShares MSCI Canada Index Fund $25.31 – New York symbol EWC

Article Excerpt

ISHARES MSCI CANADA INDEX FUND $25.31 (New York symbol EWC; buy or sell through brokers; ca.ishares.com) holds the stocks in the Morgan Stanley Capital International Canada Index. The fund has a 0.48% MER and yields 1.6%. It began trading on March 12, 1996. The ETF’s top holdings are Royal Bank, 7.9%; TD Bank, 6.9%; Bank of Nova Scotia, 5.4%; CN Railway, 4.3%; Suncor Energy, 3.9%; Bank of Montreal, 3.6%; and Enbridge, 3.1%. If you want to own a Canadian index fund, you should buy the iShares S&P/TSX 60 Index ETF (see previous page). You’ll pay about a third of the management fees. We don’t recommend the iShares MSCI Canada Index Fund. Fund…