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iShares S&P U.S. Mid-Cap Index ETF (XMC $35.58)
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iShares Core S&P Mid-Cap ETF (IJH $66.18)
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BMO S&P US Mid Cap Index ETF (ZMID $49.44)
Q: I own ZMID, and like its holdings and its exposure to mid-sized American companies, but find it a little illiquid.
Are there any other ETF's that cover the same market cap of American companies that is a bit more liquid? I know of XMS and it is much more liquid but it is hedged...know you prefer unhedged when possible...
Are there any other ETF's that cover the same market cap of American companies that is a bit more liquid? I know of XMS and it is much more liquid but it is hedged...know you prefer unhedged when possible...
5i Research Answer:
XMC is more liquid, but ZMID we think is likely OK if one is not an active trader. Trading value over the past month is about $1M daily. Market makers can also create new units with buy orders. But an investor should be able to buy/sell $100,000 of value here without too much difficulty. There are fewer Canadian choices. One could always go to IJH in the US, which also has lower fees (0.05% vs 0.17%).