iShares S&P US Mid-Cap Index ETF T.XMC

Alternate Symbol(s): T.XMC.U

Financial Services Specialty Finance

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P MidCap 400 Index (the Index), net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.

TSX:XMC - Post by User

iShares S&P US Mid-Cap Index ETF > News..XMC will convert to Scheduled Bank!!

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Comment by TheRock07on Aug 08, 2009 8:03am

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Post# 16202296

RE: News..XMC will convert to Scheduled Bank!!

The heavens continue to unfold here much as we expected.

The conversion to a bank will have many advantages for XMC ( as already outlined by a recent poster ) and will boost its share price progressively towards its new fair vaue , which will enable it to reach its former trading range in the $5 to $6 range.
That should be reached within the next 6-9 months.
There arnt many Canadian junior banks from which to infer fair value, with the exception of T>CWB.
That bank now trades at 1.7 times book , which for XMC , would imply a fair vale above the $5 level.

Thats a lot of upside from current levels , which is why I keep buying..

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