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iShares S&P/TSX Capped Financials Index ETF T.XFN

Alternate Symbol(s):  ITSXF

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/TSX Capped Financials 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:XFN - Post by User

Post by nambuon Jul 26, 2009 1:24pm
763 Views
Post# 16166811

Insurers will carry us back to long averages

Insurers will carry us back to long averagesDumped a lot of individual (mainly bank) stocks that are index constituents in favour of this product a couple years ago... might actually see the advantage to diversification the XFN offers this season.

Count on insurers to carry XFN back to healthy range with this and next quarters earnings.

Good Globe article as to why:

https://www.globeinvestor.com/servlet/story/ROC.20090726.2009-07-26T143943Z_01_TRE56P154_RTROPTT_0_CBUSINESS-US-COLUMN-CANADA-MARKETS/GIStory

GLTA
Bullboard Posts