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

Alternate Symbol(s):  T.XMC.U

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

Comment by dregerlon Sep 15, 2008 1:50pm
372 Views
Post# 15457097

RE: Watched Ivan on BNN.ca

RE: Watched Ivan on BNN.caHey Freddie

I attended a mortgage symposium in Winnipeg in April. Spoke to some BDM's of some lenders who had heard XMC was in talks with TD Canada Trust. Don't know how accurate that is/was but if nothing has happened yet, then probably not much credence.
I can however see a major bank looking at Xceed as a lender to buy for the less than Prime Bank clients such as Optimum Mortgage (a div. of Cdn Western Bank). There is still a market for these clients and if prudent lending practices are used, there is a ton of money to be made.

Lorne
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