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ICAE

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1d
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1m

Analysis and statistics

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About

ICAE.TO represents the Horizons S&P/TSX 60 Equal Weight Index ETF, an exchange-traded fund listed on the Toronto Stock Exchange. This ETF seeks to replicate, to the extent possible, the performance of the S&P/TSX 60 Equal Weight Index (formerly the S&P/TSX 60 Equal Weight Index), net of expenses. The underlying index equally weights the 60 largest companies listed on the Toronto Stock Exchange, providing exposure across various sectors of the Canadian economy and aiming for a more balanced representation compared to market capitalization-weighted indices. Investors use ICAE.TO to gain diversified exposure to Canadian large-cap equities.
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Factors

Expense Ratio: Higher fees detract from returns, lowering the ETF's price.

Index Performance: Tracks the iShares Core Equity ETF Portfolio, so the underlying fund's price directly impacts ICAE.TO.

Supply & Demand: High demand increases price; excess supply lowers it. Market sentiment plays a role.

Currency Fluctuations: Currency changes impact when the underlying asset has cross border exposure.

Interest Rates: Rising rates can make bonds more attractive, potentially decreasing demand for equity ETFs like ICAE.TO.

Economic Conditions: Economic growth typically drives equity prices up, benefiting ICAE.TO. Recessions have the opposite effect.

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