Suppose you are learning how to buy stocks in Canada and don’t have the time to do proper due diligence or want a passive investment strategy. In that case, there is perhaps nothing better than index investing.
What are the top Canadian index funds to buy right now?
BMO S&P/TSX Capped Composite Index ETF (TSX:ZCN) & iShares Core S&P/TSX Capped Composite Index ETF (TSX:XIC)
Let’s start with the ETFs that cover the broadest collection of Canadian stocks, the S&P/TSX Capped Composite Index.
I’ve listed two – the BMO and iShares versions. In essence, both are identical when it comes to tracking the Canadian market and have very similar compositions.
Both track the performance of the S&P/TSX Composite Index, which covers approximately 95% of the Canadian equities market and has been the primary benchmark index for Canadian-based, Toronto Stock Exchange-listed companies since 1977.
The ETFs have identical management expense ratios (0.06%)…
