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Global X Equal Weight Canadian Groceries & Staples Index ETF (MART $24.00)
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Global X Equal Weight Canadian Telecommunications Index ETF (RING $18.48)
Thank you
David
RING offers access to the Canadian telecom sector, with $3.0B in AUM, a 0.25% MER, and only a few holdings at this time (T, BCE, and RCI.B.).
MART offers access to the Canadian groceries and staples sector, with an AUM of $2.0B, an MER of 0.25%, and currently it holds ATD, MRU, EMP.A, L, and DOL.
SAFE provides access to Canadian life and health insurers, with an AUM of $2.1B, an MER of 0.25%, and it currently holds MFC, GWO, SLF, and IFC.
These are all fairly concentrated ETFs, and while we think the concepts are interesting, we are unsure that the 0.25% MER is worth an ETF holding a handful of stocks. As the ETFs broaden out and hold more names, we might become more interested, but for now we would prefer to hold the underlying names individually.