Barclays Global Investors Canada Ltd. reports that four new iUnits exchange-traded funds began trading on the Toronto Stock Exchange today.
The four new ifunds are: iUnits Materials Sector Index Fund (XMA);
XMA will replicate the performance of the S&P/TSX Capped Materials Index.
XTR will replicate the performance of the S&P/TSX Income Trust Index.
XDV will replicate the performance of the Dow Jones Canada Select Dividend Index. The fund will focus on investing in stocks with higher yields and proven dividend growth and sustainability.
XRB, which is designed to proved fixed income investors with inflation protection, will replicate the performance of the Scotia Capital Real Return Bond Index.