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iShares S&P/TSX Capped Information Technology Index ETF
XIT (iShares S&P/TSX Capped Information Technology Index ETF) is an index Canadian Technology Equity ETF by iShares. With a 0.61% MER, it provides diversified exposure.
XIT by iShares is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.61% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.