Invest in Canada With This List of Canadian ETFs
List of Canada ETFs
There are plenty of ETF options for investing in the US, but what if you want to go a little bit more north and target Canada? You have options there as well. Maybe not as many as the States or even other countries, but there are definitely some attractive ETFs that may be the perfect fit for your investing strategy.
Whether you are looking to diversify your portfolio, hedge some Canadian risk, gain exposure to Canada’s economy, or make an interest rate play with currency fund, there are quite a few Canada ETF choices.
While you can hunt for the best stocks on the Canadian market to gain access to Canada's economy, investing in an ETF might make things a little easier. Not only do you get the benefits of ETFs like tax advantages and lower fees, but you also get simplicity. One transaction can gain you instant exposure to the many industries and companies in Canada.
Conduct the research and decide which funds are the best for your investing strategy. And while there are not many Canadian ETFs, that may change over time. So without further ado, here are those choices.
List of Canada ETFs
- CNDA - IQ Canada Small Cap ETF
The IQ Canada Small Cap ETF seeks to track, before fees and expenses, the performance of the IQ Canada Small Cap Index. The market cap-weighted Index seeks to provide investors with a means of tracking the overall performance of small cap and small business Canadian companies.
- DBCN - DBX MSCI Canada Currency Hedged Fund
This fund targets investment results that generally correspond to the performance, before fees and expenses, of the MSCI Canada US Dollar Hedged Index
- ENY - Claymore / SWM Canadian Energy Income ETF
The Guggenheim Canadian Energy Income ETF (ENY) seeks investment results that generally correspond to the performance, before the fund’s fees and expenses, of the S&P/ TSX Canadian High Income Energy Index
- EWC - iShares MSCI Canada Index ETF
The iShares MSCI Canada ETF seeks to track the investment results of an index composed of Canadian equities. It looks to give investors exposure to large and mid-sized companies in Canada with targeted access to 85% of the Canadian stock market.
- FCAN - First Trust Canada Alpha Dex Fund
The First Trust Canada Alpha DEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that generally correspond to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ Alpha DEX Canada Index.
- FXC - Currency Shares Canadian Dollar Trust ETF
The Currency Shares Canadian Dollar Trust is designed to track the price of the Canadian Dollar.
So hopefully these lists help you with your trading strategies. And in case you missed any of the announcements, here are some Canadian funds that have closed down as well.
List of Canada ETFs That No Longer Actively Traded
- CNPF - Global X Canada Preferred ETF
- CAD - Pimco Canada Bond Index Fund
- EWCS - iShares MSCI Canada Small Cap
- HEWC - iShares Currency Hedged MSCI Canada ETF
If you have an interest in any of these Canada ETFs or ETNs, make sure to research each product thoroughly before making any trades.
Make sure you understand what is in each fund, how they react to different market conditions and most importantly, make sure you understand the risks associated with each of these ETFs.
If you have any questions or concerns, be sure to consult a financial professional such as your broker, a financial advisor, or even the ETF providers as well. However, once you feel you've conducted your due diligence, then good luck with all of your trades!
Disclaimer: As of the publication of this article, I do not have any open positions in any of the above Canada ETFs - Mark Kennedy