(XAW) iShares Core MSCI All - Ratings and Ratios

The iShares Core MSCI All Country World ex Canada Index ETF (TO:XAW) is a global equity ETF that tracks the Morningstar Global Markets GR CAD Index, providing broad diversification across international markets excluding Canada. As a product offered by BlackRock, a leading asset management firm, XAW is designed to give investors exposure to a wide range of global equities.

With Assets Under Management (AUM) of approximately CAD $3.036 billion, XAW is a sizable fund that offers liquidity to its investors. The ETFs global equity focus means it is likely to be diversified across various sectors and geographic regions, potentially reducing reliance on any single market or economy. This diversification can be attractive to investors seeking to spread risk and tap into growth opportunities worldwide, excluding the Canadian market.

To evaluate the performance of XAW, key performance indicators (KPIs) such as tracking error, expense ratio, and dividend yield could be considered. A low tracking error would indicate that the ETF is effectively mirroring its benchmark index. The expense ratio, which is the cost of managing the fund, is also crucial as it directly impacts net returns to investors. A competitive expense ratio would be in line with or lower than the average for its category. Furthermore, the dividend yield, which reflects the income generated by the funds holdings, is another important metric for income-focused investors.

From a trading perspective, analyzing the ETFs liquidity, average trading volume, and bid-ask spread is essential. High liquidity, significant average trading volume, and a tight bid-ask spread are indicative of a healthy market for the ETF, making it easier for investors to buy or sell shares without significantly affecting the price.