Written by Vicky @ Vix Money
XDV, iShares Dow Jones Canada Select Dividend Index Fund, was introduced on December 19th, 2005. This ETF seeks to replicate the 30 highest dividend paying companies in the Dow Jones Canada Select Dividend Index. It is part of a group of ETFs owned by iShares, and, as of June 11th, 2009, is now currently being managed by BlackRock Asset Management Canada Limited. With the recent rebranding of the Claymore ETF family, whom now all trade under the iShares name, iShares is definitely the market leader in the Canadian ETF market.
Which companies are represented in XDV?
When you purchase an ETF like XDV, it is good to know what kind of companies you are investing in, as well as the sectors they do business in. Although it does not guarantee against loss, diversification in your portfolio helps you reach your long-term financial goals while simultaneously minimizing the risk associated with it.
In XDV, the main sectors that are represented are the financial industry, the telecommunications sector, and the oil & gas sector. As of April 5, 2012, over 80% of the fund’s holdings are in these sectors.