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Summary
- Led by asset management company Purpose Investment Purpose Ether ETF (ETHH) is one of the world’s first Ether ETFs listed on the Toronto Stock Exchange.
- The iShares ESG MSCI USA Leaders Index ETF was launched in March this year.
- The iShares Core S&P US Total Market Index ETF was launched on February 10, 2015.
Investors often look for exchange-traded funds, or ETFs, in the hopes of expanding their wealth while keeping their risks limited at the same time.
If researched carefully and well, ETFs can be a help bring some diversification to an investor’s portfolio as they generally include an assortment of stocks.
Some ETFs also provide the added income of a regular dividend. The Toronto Stock Exchange comprises an assortment of ETFs, including those focused on cryptocurrency stocks and ESG.
On that note, let’s explore some Canadian ETFs listed on the TSX.
- Purpose Ether ETF (TSX:ETHH)
Led by asset management company Purpose Investment Purpose Ether ETF (ETHH) is one of the world’s first Ether ETFs listed on the TSX.
The Ether ETF was launched on April 20, 2021. It held a market cap of nearly C$ 103 million and a closing price of C$ 14.1 on August 10.
At this price, the ETHH ETF was trading nearly 86 per cent above its 52-week low of C$ 7.6 (June 22, 2021).
Also read: 7 ESG ETFs to buy for responsible investing
- iShares ESG MSCI USA Leaders Index ETF (TSX:XULR)
The ETF aims to bring long-term capital growth for its investors by tracking an ESG-focussed index picked by BlackRock Canada. At the moment, it is said to follow the performance of the MSCI USA Extended ESG Leaders Index.
The iShares ESG MSCI USA Leaders Index ETF was launched in March this year, and is managed by BlackRock Asset Management. The C$ 2.3-million market cap ETF posted a net asset value (NAV) of C$ 46.25 and total net assets of C$ 2.3 million as of August 10.
The investors of this fund were paid semi-annual dividends of C$ 0.09 apiece on June 30.
The XULR ETF held a price to book (P/B) value of 5.45 and return on equity (ROE) of 29.54 per cent, while the price to earnings (P/E) ratio was 28.2.
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- iShares Core S&P US Total Market Index ETF (TSX:XUU)
The ETF is designed to follow the S&P Total Market Index. It held an NAV of C$ 42.22 and total net assets of C$ 2.1 billion as of August 10.
The iShares Core S&P US Total Market Index ETF was launched on February 10, 2015. Domiciled in Canada, the fund invests in equity and follows a passive investing approach.
The ETF closed at C$ 42.23 apiece on August 10, marginally close to its 52- week high of C$ 42.43.
The XUU ETF fund paid quarterly dividends of C$ 0.088 apiece to its investors on June 30. It held a P/E ratio of 25.5 and a return on assets (ROA) of 8.76 per cent.
Also read: Top 5 ETFs to buy in Canada
- BMO S&P/TSX Capped Composite Index ETF (TSX:ZCN)
This BMO ETF is set to track the S&P/TSX Capped Composite Index’s performance to a certain extent. Its NAV stood at C$ 27.57 on August 10, while its market cap was C$ 6.8 billion.
The ZCN ETF closed at C$ 27.5 apiece on August 10. It paid quarterly dividends of C$ 0.19 apiece on July 7.
Its P/E ratio stood at 18 and its ROE) was 13.09 per cent.
- Horizon S&P/TSX 60 Index ETF (TSX:HXT)
Horizon S&P/TSX 60 Index ETF, which follows the S&P/TSX 60 Index, is an equity-based ETF launched on September 13, 2010.
It had an NAV of C$ 47.72 apiece and a market cap of C$ 2.7 billion as of Augusst 10.
The HXT ETF closed at a value of C$ 48.19 on August 10, while its outstanding shares stood at about 56.5 million. At its last closing price, it was marginally down from its fresh 52-week high of C$ 48.3.
The fund held a P/E ratio of 19 and an ROE of 14.6 per cent.
