iShares MSCI Min Vol EAFE Index ETF (XMI.TO) TSX

45.14

-0.11(-0.24%)

Updated at October 02 05:52PM

Currency In CAD

iShares MSCI Min Vol EAFE Index ETF

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

August 17, 2012

Key Executives

N/A

Description

The fund delivers a popular low-volatility take on international equities. The fund shows low market risk as measured by beta, and its portfolio biases toward defensive sectors are consistent with its low-volatility aims. The underlying index is constructed from the MSCI EAFE Index with a rules-based methodology to security eligibility, sector and country exposure. A multi-factor risk model is used to weight securities for low volatility. The portfolio is further refined using an optimizer based on projected riskiness of securities aiming to deliver lowest absolute volatility. Like other EAFE-based products it excludes North America (ex-US and Canada) but in all, XMI provides a viable vehicle for low-volatility developed international exposure. Sibling fund XML, offers the same exposure but hedged to CAD.