iShares MSCI USA Quality Factor Index ETF (XQLT.TO) TSX

44.25

+0.17(+0.39%)

Updated at October 17 02:43PM

Currency In CAD

iShares MSCI USA Quality Factor Index ETF

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

September 12, 2019

Key Executives

N/A

Description

The fund tracks an index of large- and mid-cap US securities with the highest quality scores relative to its peers within the same industry group. The underlying index starts with assigning a quality score to MSCI USA Index (parent index) constituents within each GICS sector based on three fundamental factors: return on equity, debt to equity and earnings variability. Securities with the highest quality scores are selected and weighted by the product of their market cap weight in the parent index and their quality score. Each individual security is capped at 5% weight.