iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged)
XMH.TO (TSX)
The iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) provides Canadian investors with a robust avenue for diversifying their portfolios through U.S. mid-cap stocks, all while mitigating currency risk. With a solid 1-year return of 5.86% and a noteworthy 5-year return of 39.28%, this ETF stands out as an attractive choice for those looking to tap into mid-cap growth opportunities. Additionally, it offers a modest dividend yield of 1.09%, making it a well-rounded option for investors seeking both growth and income.
Pros:
- Diversified exposure to U.S. mid-cap stocks
- Currency hedging suitable for Canadian investors
Cons:
- Market volatility risk
- Performance dependent on U.S. mid-cap market
The iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) may be suitable for Canadian investors seeking to diversify their portfolios with exposure to U.S. mid-cap stocks while managing currency risk. Its solid historical performance and modest dividend yield make it a viable option for those looking for a blend of growth potential and income generation.