We are looking for Canadian ETFs that skirt concentration through capping or equally weighting
of a new ETF that tracks the performance of the S&P 500 index with an interesting feature that caps exposure to one specific name at a 3-per-cent weight. When we also consideraround how certain well-known investors criticize the impact that traditional market-cap-weighted index funds affect the capital markets, perhaps the idea of reducing exposure to top-heavy indexes merits a quick look.
Today, I used Morningstar Direct to have a look through broad market index ETFs available for sale in the Canadian market that offer a similar capping feature that Mr. Carrick mentions in the linked article, or are by design equally weighted as opposed to market-cap-weighted. Sector-specific and leveraged/inverse leveraged products were excluded in this search.**Note this reflects the management fee as opposed to the MER, which has yet to be reported.
This article does not constitute financial advice, it is always recommended to conduct one’s own independent research before buying or selling any of the funds or ETFs mentioned in this article. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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