Daily Stock Opinions and Ratings

Opinions

John DeGoeyiShares Core S&P/TSX Capped Composite Index ETFXIC.TOTOP PICKMay 01, 2014

(All 3 Top Picks are cheap, pure, tax effective and broadly diversified.) This now gives you access to the Canadian broad market for only 0.05% a year.

John DeGoey

Owned

Unlock Rating

$23.20

Stock price when the opinion was issued

$55.80

As of Jun 19, 2026. Market Open.

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PAST TOP PICK

(A Top Pick May 19/23, Up 2%)

Benchmark index for Canada. You should have some core allocation to Canada. Question is do you trim or add based on market conditions? Rates and economic signals are leading his strategists to pull back from Canada and EMs in favour of US and international. Diversified, ultra-cheap at 5-6 bps. A great anchor in your portfolio.

HOLD

Around a long time. Introduced as a capped product, because its predecessor was at market weight and 40% of that was Nortel.

Core Canadian holding. He hasn't been buying lately, because he's overweight the US market.

BUY

Allan Tong’s Discover Picks

Another dip-buying candidate in this ETF which tracks the TSX. If for whatever reason the entire market slides in a day or so, then use this to buy that dip. XIC‘s biggest holding is Royal Bank at 6%, followed by TD, CP, Enbridge, CNR, Shopify, CNQ and the other big banks. Read 3 All Canadian for our full analysis.

TOP PICK

Limits size of each name in index.
Provides exposure to largest companies in Canada.
Good for balanced portfolio.
Believes lots of reasons to be bullish on Canada.

COMMENT

XIC is slightly different because it's capped, but will pay distributions. HXT does not pay, but compounds gains within the ETF.

BUY

Always a core position with him. SHOP had a market cap higher than RY, and this has never worked out well. Remember Potash, Valeant, Nortel. When he sees that happening, he always wants to cut back a bit. But now SHOP has dropped over 50%. So XIC is not overvalued. Lots of good stuff in it. He'd be a buyer. Banks are solid, energy doing well. Only problem is government regulation in Canada, so he tends to be underweight Canada, and overweight the US. The ETFs from Vanguard and BMO are very similar to the XIC.

BUY

XIC vs. XIU Correlations and holdings are quite similar. XIC contains about 240 holdings, so more diversified. XIC has a 6 bps MER, while XIU is 18 bps. Performance has been very similar. XIU has a bigger weighting in banks, about 28%. XIC has about 23% in banks. Not much diversification if you own both. Also look at XEI, a high dividend ETF, geared towards a higher yield.

COMMENT

Returns are very similar. A broader TSX exposure do beat large caps, and other times it's the opposite. When banks and energy does well, HXT does better. HXT has a slightly better tax structure.

BUY

A low cost way to get diversification. It is a great choice. You might be underrepresented in healthcare, however. He runs LS-T which will get you some of those companies.

BUY

It covers the TSX, very comprehensive, a core Canadian holding. He's very overweight in the US, but for the TSX, he owns this.

PAST TOP PICK

(A Top Pick Dec 05/19, Up 2%) It is a core holding for the TSX. He has little Canadian holdings and has not had for several years. He is not that keen on Canada mainly because of government policy bent on destroying the energy industry.

COMMENT

XIC-T is not tracking the index, TSX –T or TSX-60. The problem is the system. It does not look at dividends correctly. He finds that it tracks the TSX correctly. The TSX is identical to the XIC-T but tools online do not necessarily track the over all returns accurately.

PAST TOP PICK

(A Top Pick May 25/18, Up 6%) A core ETF and still likes it. Fantastic diversification at a low MER. A good way to get into the TSX. He sold his banks, but owns them through this.

BUY

It came along after XIU, is cheaper and gives much broader exposure of TSX--large, mid and even small caps. He prefers this to the XIU. Includes TD and Enbridge.

PAST TOP PICK

(A Top Pick Feb 09/18, Up 12%) It made a nice recovery this quarter.

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John DeGoeyiShares Core S&P/TSX Capped Composite Index ETFXIC.TOTOP PICKMay 01, 2014

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