Thursday, February 11, 2010

Cheapest ETFs in Canada

These are Canada's ETFs with the lowest MERs:
  • BMO ZCN: Titans 60 (largest 60 by market cap and trading volume): MER 0.15%
  • Claymore CLF, 1-5 ladder government bond 0.15%
  • iShares XIU (TSX 60) 60: 0.17%
Most expensive MERs are in the range of 1.1%, usually leveraged ETFs.

The median MER of all Canadian ETFs is 0.6%.

Performance of the lowest cost ETFs

This is not exactly stellar performance.
  • XIU has returned 18.8% (in CAD) since Jan 2009
  • CLF has returned -1.48% since Jan 2009
  • ZCN has lost 3.45% since October 2009 (its inception)
XIU 1 year chart:

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