WHAT ARE WE LOOKING FOR?
Exchange-traded funds (ETFs) on the move.
ETFs are similar to mutual funds, but trade like stocks. You can get in and out of a trade without an early redemption penalty, which is a feature of mutual funds. There are fees to buy and sell ETFs, but they can be low if you deal with a discount broker.
We examined the year-to-date returns to Sept. 9 for ETFs listed on the Toronto Stock Exchange. They include the iShares ETFs, Claymore ETFs and also the BMO ETFs, which were launched in May. We excluded BetaPro double leveraged bull and bear exchange-traded funds. In some cases, some of the gains may only reflect a few months.
WHAT DID WE FIND?
Sector or specialty ETFs were at the top of the heap.
Claymore BRIC ETF has gained a robust 51 per cent as it benefited from rallying stock markets in China and Brazil. Science and technology and financial services ETFs have also done well. Fixed-income ETFs, which were in the black last year, have been the laggards this year.
|How ETFs have fared this year|
|As of Aug. 31||Latest||Sept. 9||% returns (as of Aug. 31)|
|Name||Category Assets ($-mil)||MER||YTD % rtn||2008||2007||2006||2005||2004||2003||2002||2001|
|Claymore BRIC ETF||Emerging Markets Equity||210.1||51.1||-57.6||70.9|
|Claymore Broad Emerging Markets ETF *||Emerging Markets Equity||30.2||42.7|
|iShares CDN Tech Sector Index||Science and Technology Equity||59.5||0.55||41.6||-49.1||10.7||32.7||-13.5||24.2||58.6||-59.1|
|Claymore Equal Wght Banc&Lifeco ETF||Financial Services Equity||25.2||38.4||-36.8|
|iShares CDN Financial Sector Index||Financial Services Equity||939.8||0.55||38.0||-35.8||-1.3||21.2||23.2||19.1||27.2||-3.0|
|Claymore S&P/TSX Global Mining ETF||Precious Metals Equity||34.8||36.5||-38.8|
|Claymore Oil Sands Sector ETF||Natural Resources Equity||28.2||0.60||35.0||-54.2||22.7|
|Claymore Cdn Fundamental Index ETF||Canadian Equity||68.1||34.4||-31.6||7.3|
|iShares CDN SmallCap Index||Canadian Small or Mid Cap Equity||46.4||0.55||33.9||-45.4|
|Claymore Global Monthly Adv Div ETF||Canadian Small or Mid Cap Equity||24.9||33.9|
|iShares CDN REIT Sector Index||Real Estate Equity||681.5||0.55||33.9||-38.3||-6.0||26.8||24.3||13.1||24.4|
|iShares CDN Value Index||Canadian Dividend and Income Equity||39.1||0.50||33.1||-34.0||5.8|
|iShares CDN Jantzi Social Index||Canadian Equity||20.6||0.50||31.1||-35.5|
|iShares CDN MidCap Index||Canadian Equity||132.5||0.55||27.5||-38.8||5.3||17.8||21.3||21.6||27.9||-11.5|
|Claymore US Fund Index ETFnonhedged *||U.S. Equity||1.3||26.9|
|iShares CDN Energy Sector Index||Natural Resources Equity||726.5||0.55||26.3||-35.9||10.6||4.0||60.6||29.5||24.2||11.7|
|iShares CDN Dividend Index||Canadian Dividend and Income Equity||450.3||0.50||26.1||-30.9||-0.8||15.5|
|iShares CDN Composite Index||Canadian Equity||740.1||0.25||24.8||-33.0||9.5||18.9||27.0||13.6||25.2||-14.1|
|iShares CDN LargeCap 60 Index||Canadian Equity||9951.8||0.17||24.1||-31.1||10.9||21.5||25.9||13.6||25.2||-12.5||-16.4|
|Claymore US Fundamental Index ETF||U.S. Equity||65.9||0.65||23.9||-42.6||-2.9|
|iShares CDN Materials Sector Index||Natural Resources Equity||242.4||0.55||23.2||-26.8||29.5||48.4|
|Claymore S&P/TSX Pref Share ETF||Canadian Dividend and Income Equity||242.2||23.1||-17.1|
|Claymore Dividend & Income ETF||Canadian Dividend and Income Equity||69.8||0.60||22.9||-30.4||6.3|
|Claymore International Index ETF||International Equity||72.5||19.1||-30.8|
|iShares CDN Income Trust Sector Idx||Canadian Income Trust Equity||201.6||0.55||18.8||-25.9||6.0||-3.2|
|Horizons BetaPro COMEX Silver ETF *||Alternative Strategies||21.3||17.0|
|iShares CDN Russell 2000 Index||U.S. Small or Mid Cap Equity||35.2||0.35||16.8||-38.8|
|MSCI World ($ Cdn)||-26.1||-7.1||20.6||6.6||7.3||9.4||-20.2||-11.4|
|S&P 500 Composite ($ Cdn)||-23.8||-12.2||13.6||-0.2||1.5||3.4||-24.0||-7.7|
|S&P/TSX Composite Index||22.4||-35.0||7.2||14.5||21.9||12.5||24.3||-14.0||-13.9|
|S&P/TSX Total Return||25.3||-33.0||9.8||17.3||24.1||14.5||26.7||-12.4||-12.6|
|Source: Globe Investor|
© 2007 The Globe and Mail. All rights reserved.
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