Description

The fund provides exposure to the top 85% equity securities ranked by market-cap that are listed in Canadian stock exchanges. In seeking long-term capital growth, it tracks the MSCI Canada Minimum Volatility Index which covers the broad equity market in Canada, including large- and midcap stocks, that have low volatility. Index selection begins with the MSCI Canada Index which is the parent index. Securities are adjusted to produce the lowest absolute volatility for a given set of constraints. It is weighted using a multi-factor risk model and will generally be optimized and reported in CAD. The index is rebalanced semi-annually.