iShares Equal Weight Banc & Lifeco Fund - CEW

ETF Overview

The fund has been created to provide investors with a diversified equal weighted investment in a portfolio of Canadian banks and life insurance companies. CEW invests, on an equally weighted basis, in common shares of the largest Canadian banks and Canadian life insurance companies.

Inclusion in the CEW Portfolio is based on the following criteria:

the minimum market capitalization to be included in the CEW Portfolio is $5 billion for banks and $1.5 billion for life insurance companies; and
the companies must be Canadian banking or Canadian life insurance companies.

The Portfolio will be rebalanced (i) semi-annually, to adjust for changes in the market value of investments; and (ii) to reflect the impact of a merger, acquisition or other significant corporate action or event affecting one or more of the Canadian banks or life insurance companies in the CEW Portfolio.

This fund is one of the few iShares Canada ETFs that have an active mandate ( A minority of ETFs have an active investment management mandate or a degree of active investment management. Full active management involves an investment manager actively managing the fund - deciding which securities to buy/sell, and when etc. However, many 'active' ETFs employ only partial active investment management, not full. ), not passive ( Most ETFs are passively managed - they have no active investment management. Passive ETFs simply try to replicate the returns of an index as closely as possible, such as the S&P/TSX 60 Index. ).

Key ETF Data

Fundamentals
Category (main)	Canadian Equity Income - Financials
Underlying Index	No Index
ETF Structure	Active management. No index
Asset Class	Equity Income - Financials
Region	Canada
Issuer	iShares Canada by Blackrock
ETF Home Page	Available here

Fund Facts
Inception Date	6 Feb 2008
Total Holdings	10
Distribution Frequency	Monthly
Leverage	None
Significant Currency Exposure	No
Currency Hedging	Not applicable

Fees
Management Fee	0.55%
Management Expense Ratio (MER)	0.61%

Trading Information
Ticker	CEW
Exchange	TSX (Toronto Stock Exchange)
Currency	CAD

Eligibility
Eligibility *	RRSP, RRIF, RESP, TFSA, DPSP, RDSP
DRIP available **	Yes
PACC Plan available **	Yes
SWP available **	Yes

* Always check eligibility with your plan operator as plans and accounts can differ

** Not all brokers can facilitate these plans. Check with your broker.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below: