Written by Vicky @ Vix Money
Even though I have chosen to hold XIC in my portfolio to represent the Canadian equities portion, I have debated whether or not XIU could be used instead. So which one is better?
XIU, iShares S&P/TSX 60 Index Fund, was introduced on September 28, 1999, and seeks to replicate the 60 largest and most liquid securities listed on the S&P/TSX 60 Index.
Which companies are represented in XIU?
In Canada, the main sectors that are represented are the financial industry, the energy sector, and the materials sector. This is reflective in XIU as almost 78% (as of April 23, 2012) of the fund’s holdings are in these sectors, compared to XIC’s 77% (as of April 23, 2012). If you are checking out the analysis I previously completed for XIC, please note the difference in the dates. Overall, the numbers are NOT THAT different, but please be aware of it.