The issuer of the described investment fund, FLCA, primarily focuses on tracking the performance of the FTSE Canada Capped Index. This index comprises Canadian large- and mid-cap stocks, employing a free float-adjusted market capitalization weighted methodology with quarterly capping on issuer weights to ensure diversification. FLCA employs a passive investment approach, aiming to replicate the index's performance either through full replication or representative sampling. The fund also utilizes equity futures, total return swaps, and currency contracts to enhance tracking and manage risk. It's important to note that FLCA is classified as a non-diversified fund, potentially concentrating investments within specific industries to a similar extent as the underlying index.
Investing primarily in the FTSE Canada Capped Index, FLCA DIVIDEND aims to closely mirror the index's performance before fees and expenses. The fund employs a passive approach, utilizing either replication or representative sampling strategies. It may also use equity futures, equity total return swaps, and currency contracts to enhance tracking and manage risk, offering investors a focused avenue to align with the Canadian market's movements.
Investment strategy involves closely matching index performance through replication or representative sampling, supplemented by equity futures, total return swaps, and currency contracts for enhanced tracking and value addition.
The FLCA Fund seeks to closely track the performance of the FTSE Canada Capped Index by investing at least 80% of its assets in component securities of the index. The index employs a capping methodology to ensure no single security exceeds 25% and highly weighted securities don't exceed 50% collectively. The fund may use replication or representative sampling strategies and can utilize equity futures, swaps, and currency contracts for added value and tracking precision.
The FLCA Fund's investment strategy focuses on the Financial Sector within the Canadian market. It aims to closely track the performance of the FTSE Canada Capped Index, which consists of Canadian large- and mid-cap stocks. The fund replicates or samples component securities, with the goal of mirroring the index's risk factors, performance attributes, market capitalization, and industry weightings. As of May 31, 2023, the FTSE Canada Capped Index had a concentrated position in the banking industry, indicating the FLCA Fund's potential allocation within this sector.
The FLCA Fund primarily invests in the component securities of the FTSE Canada Capped Index, aiming to closely match its performance before fees and expenses. The index comprises Canadian large- and mid-cap stocks, with a capping methodology applied to ensure diversification. The Fund may replicate the index's securities or use representative sampling. It can also use equity futures, total return swaps, and currency contracts to enhance tracking and manage risk. The Fund's non-diversified nature and industry concentration align with the index's characteristics.
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6 min readDiscover the world of ETFs and delve into the FLCA ETF, an innovative investment opportunity. Uncover the features and benefits of this unique financial instrument that aims to provide investors with diversified exposure to specific markets.
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