Top Canadian ETFs to Watch - October 2024
10/21/2024Top Canadian ETFs to Watch - October 2024
Introduction
This article highlights some of the top Canadian ETFs that investors might find interesting as of October 21st, 2024. Please note, this is not financial advice, but rather an educational overview to help you understand the current landscape of high-performing ETFs in Canada.
Top Canadian ETFs
BMO S&P 500 Index ETF (TSX:ZSP): This ETF tracks the S&P 500 Index, offering exposure to 500 of the largest companies in the U.S., making it a popular choice for diversification.
iShares S&P/TSX 60 Index ETF (TSX:XIU): This ETF provides exposure to the 60 largest companies listed on the Toronto Stock Exchange, offering a broad representation of the Canadian equity market.
Vanguard FTSE Canada Index ETF (TSX:VCE): This ETF aims to replicate the performance of the FTSE Canada Index, which includes large and mid-sized companies across various sectors.
Horizons Active U.S. Dividend ETF (TSX:HAU): This actively managed ETF focuses on U.S. equities, aiming to outperform the S&P 500 Index through strategic investments.
Global X Uranium ETF (TSX:HURA): This ETF is a pure-play solution focused on uranium mining, boasting a 5-year return of 32.94% as of September 2024.
Why These ETFs Stand Out
These ETFs have been identified based on their strong performance, broad diversification, and low fees. They represent some of the most promising investment options in Canada, making them worth watching for those interested in ETFs.
Conclusion
While this list is not exhaustive, it provides a snapshot of some of the top Canadian ETFs as of October 21st, 2024. Remember, investing in ETFs always carries risks, and it's important to conduct thorough research or consult with a financial advisor before making any investment decisions.
Questions and Answers
What is the purpose of this article? To provide an educational overview of top Canadian ETFs as of October 21st, 2024.
Is this financial advice? No, this is for educational purposes only.
Which ETF tracks the S&P 500 Index? BMO S&P 500 Index ETF (TSX:ZSP).
What does the iShares S&P/TSX 60 Index ETF (TSX:XIU) offer? Exposure to the 60 largest companies listed on the Toronto Stock Exchange.