iShares Canadian Financial Monthly Income ETF Review (FIE) 2024
Last Updated: 3/7/2024
FIE trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The iShares Canadian Financial Monthly Income (FIE) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
Wealth Awesome Rating: 60/100
This equity ETF has an MER of 0.85%. With higher than average fees, it’s a premium option. Managing 321 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
FIE trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The iShares Canadian Financial Monthly Income (FIE) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
What is the iShares Canadian Financial Monthly Income ETF
A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.85%. This ETF trades on the TSX exchange.FIE stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $321MM
Expense Ratio: 0.85%
Price: $7.11 (Updated: 3/7/2024)
iShares Canadian Financial Monthly Income (FIE) Top 10 Holdings
| Company Name | Symbol | Assets % |
|---|---|---|
| CARACO PHARMACEUTICAL LABORATORIES LTD | CPD | 20.33113 |
| iShares Core Canadian Corporate Bond Index ETF | XCB | 9.8319 |
| Manulife Financial Corp | MFC | 6.59111 |
| Royal Bank of Canada | RY | 6.57881 |
| Toronto Dominion Bank | TD | 6.20996 |
| Canadian Imperial Bank Of Commerce | CM | 5.78719 |
| National Bank of Canada | NA | 5.52265 |
| Fairfax Financial Holdings Ltd | FFH | 4.80069 |
| Great-West Lifeco Inc. | GWO | 4.02656 |
| Bank of Nova Scotia | BNS | 3.80262 |
iShares Canadian Financial Monthly Income (FIE) Breakdown by Market Cap
| Category | Value |
|---|---|
| Mega | 28.04408 |
| Big | 29.23358 |
| Medium | 9.50311 |
| Small | 3.21085 |
| Micro | 0 |
iShares Canadian Financial Monthly Income (FIE) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 5.02391 |
| Consumer Cyclicals | 0 | 9.02163 |
| Financial Services | 96.10403 | 28.25141 |
| Real Estate | 3.89597 | 2.78068 |
| Communication Services | 0 | 5.36672 |
| Energy | 0 | 8.46455 |
| Industrials | 0 | 14.60559 |
| Technology | 0 | 12.06383 |
| Consumer Defensive | 0 | 6.89815 |
| Healthcare | 0 | 5.03531 |
| Utilities | 0 | 2.48822 |
iShares Canadian Financial Monthly Income (FIE) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 100 | 93.292 |
| United Kingdom | 0 | 1.30174 |
| Europe Developed | 0 | 3.607 |
| Europe Emerging | 0 | 0.007 |
| Africa/Middle East | 0 | 0.072 |
| Japan | 0 | 0.66 |
| Australasia | 0 | 0.199 |
| Asia Developed | 0 | 0.437 |
| Asia Emerging | 0 | 0.341 |
| Latin America | 0 | 0.083 |
FIE Management Expense Ratio
FIE has a management expense ratio of 0.85% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.How to Buy iShares Canadian Financial Monthly Income TSX ETF
You can buy FIE on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice  |
| Get $25 Signup Bonus | |
Reliable Pick  |
| Get $50 Free Stock Trades |