iShares Equal Weight Banc & Lifeco ETF
NAVPS
NAVPS:$14.54
Change
-$0.27 (-1.85%)
iShares Equal Weight Banc & Lifeco ETF
Compare to:
Inception Return
(02-06-2008)
8.12%
YTD Return
5.23%
NAVPS
(10-03-2023)
$14.54
-$0.27
(-1.85%)
MER
0.55%
Assets ($mil)
$188
1 Yr Return
8.95%
Registered Plan Eligible
Yes
Load
No Load
CIFSC Category
Financial Services Equity
Share Class
Do-It-Yourself
Fund Codes
FUNDGRADE
Classification
Exchange Traded Fund
Legal Status
Trust
Sales Status
Open
Currency
CAD
Start Date
February 06, 2008
Distribution Frequency
Monthly
CEW's investment objective is to provide unitholders with a diversified equal weighted investment in a portfolio of common shares of the largest Canadian banks and Canadian life insurance companies. Cash distributions on the Common units and Advisor Class Units of CEW are expected to be made monthly and will be derived from dividends received by CEW on the CEW Portfolio. Such distributions may also include capital gains and returns of capital.
The passive equal weighting approach is intended to reduce the risks to investors of increasing exposure to any single investment. Constituent Issuers are selected for inclusion in the CEW Portfolio based on the following criteria: (i) the minimum market capitalization of such an issuer is $5 billion for banks and $1.5 billion for life insurance companies and (ii) the issuer must be a Canadian bank or a Canadian life insurance company.
Inception Return
(02-06-2008)
8.12%
YTD Return
5.23%
FundGrade
NAVPS (10-03-2023)
$14.54
$0.27
/
-1.85%
Best Month
17.76%
Worst Month
-19.75%
