Description

The Global X Inovestor Canadian Equity Index ETF (INOC) provides exposure to an equally weighted selection of 25 significant Canadian large-cap companies. This fund is designed to identify firms that demonstrate strong economic profitability and attractive market valuations. Adhering to the Economic Value Added (EVA) philosophy, a key measure of corporate financial performance, INOC focuses on high-quality Canadian businesses that consistently create shareholder wealth. Its factor-based index strategy aims to prevent the persistent sector concentration issues often seen in conventional indices. INOC's primary goal is to closely track the performance of the Nasdaq Inovestor Canada Index, net of its expenses, which itself is a diversified large-capitalization equity benchmark predominantly comprising Canadian constituents.