Key stats
About ISHARES MSCI MIN VOL EAFE INDEX ETF MINIMUM VOLATILITY UNIT
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Inception date
Jul 24, 2012
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Distributes
Capital Gains
Tax on distributions
Ordinary income
The fund delivers a popular low-volatility take on international equities. The fund shows low market risk as measured by beta, and its portfolio biases toward defensive sectors are consistent with its low-volatility aims. The underlying index is constructed from the MSCI EAFE Index with a rules-based methodology to security eligibility, sector and country exposure. A multi-factor risk model is used to weight securities for low volatility. The portfolio is further refined using an optimizer based on projected riskiness of securities aiming to deliver lowest absolute volatility. Like other EAFE-based products it excludes North America (ex-US and Canada) but in all, XMI provides a viable vehicle for low-volatility developed international exposure. Sibling fund XML, offers the same exposure but hedged to CAD.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.