iShares Core Equity Portfolio (XEQT:CA) is an exchange-traded fund (ETF) designed to offer investors exposure to a diversified portfolio of equity securities. Managed by BlackRock Canada, the fund seeks long-term capital growth through investments in other ETFs that provide exposure to global equity markets.
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What is iShares Core Equity Portfolio?
The iShares Core Equity Portfolio is an all-equity ETF aimed at growth-oriented investors. It provides broad-based exposure to both domestic and international markets by investing in other BlackRock-managed ETFs.
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Key Features:
- Fund Objective: Long-term capital growth.
- Management Style: Passive investment through ETFs.
- Dividend Yield (1-Year): 2.45%.
- Expense Ratio: Extremely competitive for cost-conscious investors.
Dive deeper into the market performance of iShares Core Equity Portfolio (XEQT:CA) for detailed insights and updated metrics.
Top Holdings of XEQT:CA
The iShares Core Equity Portfolio allocates a significant portion of its assets to well-diversified holdings. The current top allocations include:
- iShares Core S&P Total U.S. Stock Market ETF (ITOT): 47.07%
- Offers broad exposure to the U.S. stock market.
- Chipotle Mexican Grill (CMG): 25.34%
- A leader in the fast-casual restaurant space.
- CTPartners Executive Search (CTPR): 4.76%
- Specializes in executive search and consultancy.
- XEC: 4.96%
- Focused on diversified resources and energy investments.
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What Analysts Say:
The ETF has a strong buy rating from analysts, with a 12-month price target of CAD 37.00, reflecting a projected price change of 8.73% from its current value of CAD 34.03. Stock Target Advisor’s analysis also rates the fund bullish, citing:
Strengths:
- High Market Capitalization: Stability due to its size and reach.
- Superior Risk-Adjusted Returns: Performs well relative to sector peers.
- High Dividend Yield: Among the top in its category for income-focused investors.
Weakness:
- Volatility: Returns have been above the median level of volatility, suggesting investors should assess their risk tolerance.
Conclusion:
The iShares Core Equity Portfolio (XEQT:CA) stands out as a compelling choice for long-term equity investors seeking diversified, global exposure.
With strong returns, robust performance metrics, and an efficient structure, it is well-positioned for growth. However, potential investors should weigh its high volatility against their individual risk appetite.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
