iShares S&P/TSX Capped Energy Index ETF T.XEG

Alternate Symbol(s): IUNSF

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 Energy Index the Index, net of expenses. 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. A sampling strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a representative portfolio of securities that has an aggregate investment profile similar to the Index.

TSX:XEG - Post by User

iShares S&P/TSX Capped Energy Index ETF > XEG just made contact...

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Post by dragshoton May 11, 2023 10:54am

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Post# 35443113

XEG just made contact...

with a very important trendline which if broken, could result in some serious price consolidation of energy stocks. A broken trendline doesn't always mean immediate change in direction. Bounceback may occur first. Just something to look out for, that's all.

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