ZCAN
SPDR Solactive Canada ETFZCAN Fund Description
ZCAN tracks a market-cap-weighted index of large- and midcap Canadian stocks.
ZCAN Factset Analytics Insight
ZCAN provides excellent coverage of Canadian equity for a low fee. The fund tracks a Solactive index covering the top 85% of cumulative market capitalization, providing an alternative to MSCI- and FTSE-based competitors. That means it doesn’t perfectly fit our preferred MSCI benchmark, but no fund does, as the benchmark is heavily concentrated in a few large banks (accurately reflecting the Canadian equity market) and is consequently uninvestable in a RIC-compliant vehicle. ZCAN also avoids the benchmark’s small-cap exposure, like all competing funds. Ultimately, these differences are will be inconsequential for most investors. ZCAN is inexpensive to hold, but be sure to consider index tracking and trading expenses when calculating round-trip costs.ZCAN previously tracked a multi-factor Canadian equity index under the ticker QCAN. The fund changed its index, name, and ticker on September 18, 2018.
ZCAN MSCI ESG Analytics Insight
SPDR Solactive Canada ETF has an MSCI ESG Fund Rating of A based on a score of 6.19 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR Solactive Canada ETF ranks in the 70th percentile within its peer group and in the 18th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ZCAN MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
ZCAN Charts And Performance
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ZCAN Summary Data
ZCAN Portfolio Data
ZCAN Index Data
ZCAN Portfolio Management
ZCAN Tax Exposures
ZCAN Fund Structure
ZCAN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ZCAN. ZCAN is rated a 4 out of 5.
ZCAN Tradability
ZCAN Sector/Industry Breakdown
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ZCAN Top 10 Holdings[View All]
ZCAN Countries
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ZCAN Regions
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ZCAN Economic Development
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ZCAN Performance Statistics
ZCAN MSCI ESG Ratings
ZCAN Benchmark Comparison Summary
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ZCAN Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.