etf

Exchange-traded funds are set up to mirror the performance of a stock-market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings of that index or sub-index and will allow the fund to “track” its performance.


The MER (Management Expense Ratio) is generally much lower on traditional ETFs than on conventional mutual funds. That’s because most traditional ETFs take a much simpler approach to investing. Instead of actively managing clients’ investments, ETF providers invest so as to mirror the holdings and performance of a particular stock-market index.
The shares of commodity producers have performed relatively well over time when compared to the market as a whole. Still, returns vary significantly from one commodity subgroup to another.


Commodities have many sub-categories, each with its own dynamic. However, the rise and fall of various commodity stocks follows a similar path in that any top-performing commodity is likely to become a bottom-performing commodity at some point in the future. It’s, therefore, advisable to diversify across a variety of commodity producers.
Artificial intelligence (AI) has moved beyond its early stages and has developed into useful applications for a range of industries. By mimicking human cognition—learning from data, spotting patterns, making decisions—AI systems can unlock new levels of efficiency, insight and creativity. Here are some examples:
This month, we highlight three ETFs from Canadian providers that invest in the cryptocurrency XRP—making them the first North American ETFs that invest directly into the fourth-largest cryptocurrency.


The largest cryptocurrencies by market value, Bitcoin and Ethereum, can be accessed by Canadian investors through ETFs such as the Purpose Bitcoin ETF (Toronto symbol BTCC) and the CI Galaxy Ethereum ETF (Toronto symbol ETHX).
Tourism is an important part of the Thai economy, contributing around 8% of the country’s gross domestic product in 2024. The industry has also grown considerably over the past 10 years, with foreign arrivals increasing by 31%.


In 2024, the country welcomed 32.4 million tourists, ranking 8th in the world in terms of arrivals. These tourists spent $42 billion during the year, up sharply from 2023 but still well below the $60 billion of 2019. The industry is credited with employing over 4 million people.
Thailand is Southeast Asia’s second-largest economy, with growth driven by tourism, exports, and manufacturing. The tourism industry keeps rebounding along with international travel. Meanwhile, manufacturing and exports continue to expand, but they do face challenges from the Trump administration’s plans to attach a blanket 36% tariffs to Thai goods as well as sluggish global growth including in China.
Commodities can help diversify portfolios, but they are cyclical and come with high levels of price volatility.


Well-diversified ETFs that offer exposure to commodity producers can, however, help investors overcome the problems associated with direct investments in physical commodities, or funds that track a single commodity.



Below, we look at three ETFs providing exposure to commodity producers. For more information on the risks and returns of commodities, see the supplement on page 80.
TD U.S. EQUITY INDEX ETF $48.79 (Toronto symbol TPU; TSINetwork ETF Rating: Aggressive; Market Cap: $3.5 billion) invests in U.S. publicly listed companies.


The ETF tracks the Solactive U.S. Large Cap Index. That index includes large companies listed on the U.S. public markets. Stocks are weighted based on their market values.
GLOBAL X SUPERDIVIDEND ETF $23.08 (New York symbol SDIV) invests in 100 of the highest-yielding stocks worldwide.

Stocks in the fund’s portfolio are equally weighted to reduce the risk associated with high exposure to individual companies. The stocks must also meet criteria for market cap and liquidity.
Artificial intelligence (AI) is essentially the merging of today’s big computing with big data. This has resulted in breakthroughs in everything from medical research to building cars capable of driving themselves. At the same time, AI is just one of many new technologies disrupting—and increasingly powering—the performance of firms across a range of industries.

Here we discuss two ETFs that hold companies involved in the development of AI and more. Meanwhile, in the supplement on page 79, we look at how whole industries are being reshaped by the advances of AI companies, many of which are held by the following ETFs.