ISHARES MCSI CANADA INDEX FUND $30 (American Exchange symbol EWC; buy or sell through brokers) invests in most of the stocks in the Morgan Stanley Capital International Canada Index. These stocks represent Canada’s largest and most-established public companies, accounting for about 60% of the market capitalization of all publicly traded stocks. This fund has an MER of 0.54%. These shares are managed by Barclays Global Investors. There are now 18 different MCSI index funds. MCSI Canada’s MER is more than triple the 0.17% MER on the S&P/TSE 60 units, also managed by Barclays. We think that defeats the main advantage of index funds. The spread between iShares MCSI Canada’s high MER and that of a low-fee fund may not appear to make a lot of difference in a single year, but there is no point in paying more than you need to. We don’t recommend iShares MCSI Canada Index Fund.
iShares MCSI Canada Index Fund $30 – American symbol EWC
A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.