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

Primary Symbol: T.XMC

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

<< Previous

Bullboard Posts

Next >>

Post by wildrunner11on Apr 11, 2013 9:15pm

290 Views

Post# 21244639

disappointed!!

THe book value is $61,127,000, there is 27,292,057 shares outstanding giving a book value of $2.24 per share.

with a sell price of $1.75 per share the company has a value of $47,761,099.

So, we are loosing 13.4 mllion in value as far as I know XMC is using IFRS accounting standards so all assets are to be at fair market value.

I as far as I'm concerned we would be better of to cease operation, well I'm voting against it, it will not probably make a difference but just the principle of it.

<< Previous

Bullboard Posts

Next >>

Fobi AI could address a market in the trillions: Why it's time to buy