etf

The Bank of Canada will likely hold interest rates steady for all of 2017. That’s because low prices for oil should continue to offset government stimulus spending as well as stronger exports due to the weak Canadian dollar. The federal government’s tighter mortgage rules should also cool housing markets and further limit the need to raise interest rates.


Even so, interest rates are expected to rise in the long term....
Did you know that buying ETFs with a passive investing strategy can lead to much lower expense ratios?
A: The Vanguard FTSE Europe ETF, $50.29, symbol VGK on New York (Units outstanding: 218.2 million; Market cap: $11.0 billion; www.vanguard.com), holds stocks of companies located in Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the U.K.


The ETF has a low MER of 0.12%....
Pennsylvania-based Vanguard Group is one of the world’s largest investment management companies. In all, it administers almost $3 trillion U.S. across 175 mutual funds and ETFs.


Generally speaking, Canadians are unable to buy mutual funds that are registered in the U.S....
ISHARES INDIA 50 ETF $30.96 (Nasdaq symbol INDY; buy or sell through brokers; us.ishares.com) is an ETF that tracks the Nifty 50 index—the 50 largest, most liquid Indian securities. It began trading in November 2009.


The fund’s top holdings are: ITC Ltd....
In 2011, gold shot up to a high of $1,950 U.S. an ounce, and silver reached a peak of $48.58.


Gold prices then fell steadily, dropping to $1,050 an ounce in December 2015 for the first time since early 2010. That month, silver also declined to a five-year low of $13.65 an ounce.


Gold now trades at $1,238 and silver at $18.28....
GLOBAL X COPPER MINERS ETF $24.46 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) tracks the Solactive Global Copper Miners Index, which includes 20 to 40 international companies that mine, refine and explore for copper. Germanybased Structured Solutions AG created the index in April 2010.


Canadian firms make up 37.3% of the ETF’s holdings....
A: The Direxion iBillionaire Index ETF, $27.51, symbol IBLN on New York (Units outstanding: 1.4 million; Market cap: $38.5 million; www.direxioninvestments.com), is designed to profit from copying the moves of billionaire investors such as Warren Buffett, Carl Icahn, Daniel Loeb, Bill Ackman and David Tepper.


The ETF began trading on August 1, 2014....
A: The BMO Low Volatility Canadian Equity ETF, $29.04, symbol ZLB on Toronto (Units outstanding: 47.2 million; Market cap: $1.4 billion; www.etfs.bmo.com), provides exposure to a low beta-weighted portfolio of Canadian stocks.


The ETF selects the 40 or so lowest beta stocks from the 100 largest and most-liquid securities in Canada....
Dear Inner Circle member,


ETFs, or exchange traded funds, started out as a discount alternative to mutual funds. The costs of investing in an ETF are much lower than costs associated with a conventional mutual fund, and early ETFs focused on simpler goals.


Instead of picking and trading investments, operators of early ETFs managed investors’ money “passively,” with the goal of duplicating the performance of a market index....