ETF Sage
Canadian ETF knowledgebase
ETF Sage
Canadian ETF knowledgebase
EAFE: Europe, Australasia, the Middle East and the Far East.
The fund seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI EAFE Minimum Volatility Index (USD), net of expenses.
The MSCI EAFE Minimum Volatility Index measures the performance of international equity securities that have lower volatility relative to the equity securities included in the MSCI EAFE Index.
The eligible universe of securities is taken from the MSCI EAFE Index, which is a capitalization-weighted index, and then MSCI follows a rules-based methodology to determine optimal weights for securities in the Index in order to seek to minimize total risk of the MSCI EAFE Index.
The Index includes stocks from Europe, Australasia, the Middle East and the Far East. Representative companies include consumer staples, financials and health care companies.
The Index is optimized in U.S. dollars and reported in Canadian dollars.
The investment strategy of XMI is to invest primarily in shares of a U.S. iShares Fund (iShares MSCI EAFE Minimum Volatility ETF) that seeks investment results that correspond generally to the applicable index.
The MSCI EAFE Minimum Volatility Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid cap equity universe across Developed Markets countries around the world excluding the US and Canada.
The index is calculated by optimizing the MSCI EAFE Index, its parent index, for the lowest absolute risk (within a given set of constraints).
Historically, the index has shown lower beta and volatility characteristics relative to the MSCI EAFE Index.
| Fundamentals | |
|---|---|
| Category (main) | EAFE Equity: Broad Equities / Minimum Volatility |
| Category (other) | Minimum Volatility |
Underlying Index  |
MSCI EAFI Minimum Volatility Index (USD) |
| ETF Structure | Passive type. Endeavours to return the Index return before fees/costs |
| Asset Class |
Equity |
| Region |
EAFE (Europe, Australasia, the Middle East and the Far East) |
| Issuer | iShares Canada by Blackrock |
| ETF Home Page | Available here |
* EAFE is an acronym for Europe, Australasia and Far East
| Fund Facts | |
|---|---|
| Inception Date | 24 July 2012 |
| Total Holdings |
1 (173) * |
Distribution Frequency  |
Semi-Annual |
| Leverage |
None |
| Significant Currency Exposure
|
Yes |
| Currency Hedging
|
No |
* The US iShares ETF held has 173 holdings (May 2013)
| Fees | |
|---|---|
| Management Fee |
0.35% * |
| Management Expense Ratio (MER) |
Unknown |
* Includes 0.10% fee waiver from Blackrock Canada, waiver expires Dec 31, 2014
| Trading Information | |
|---|---|
| Ticker | XMI |
| Exchange |
TSX (Toronto Stock Exchange) |
| Currency |
CAD |
| Eligibility | |
|---|---|
| Eligibility * |
RRSP, RRIF, RESP, TFSA, DPSP, RDSP |
| DRIP available ** |
Yes |
| PACC Plan available ** |
No |
| SWP available ** |
No |
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
iShares US includes a wealth of data on the iShares MSCI EAFE Minimum Volatility ETF, including:
