iShares S&P/TSX Capped Information Technology Index ETF
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) Company Profile & Overview
Explore iShares S&P/TSX Capped Information Technology Index ETF’s business operations, leadership, sector classification, and key company facts including IPO date, industry, and contact details.
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) Company Profile & Overview
The fund provides a total market exposure to the Canadian technology sector. The underlying index draws stocks from both the S&P/TSX Composite and the S&P/TSX SmallCap Index that are classified by GICS as an information technology company, more specifically GICS Sector 45. The underlying index is market-cap-weighted, it applies a 25% cap to single constituents and usually undergoes quarterly rebalance. XIT currently employs a replicating strategy wherein it invests in securities in considerably the same proportions as they are represented in the underlying index.