On Friday, iShares S&P/TSX 60 Index Fund (TSE:XIU) stock entered the list of the top three most active according to the trading volume securities on the Toronto Stock Exchange.Following Horizons BetaPro NYMEX Natural Gas Bull+ ETF (HNU), XIU took the second place through a volume of more than 16.5 million shares changing hands.
XIU soared 0.96% between the sessions in unison with the Toronto’s main stock index going upwards at the end of the week.
The S&P/TSX Composite index closed with 103.07 points up, or 0.85%, to 12,204.86, supported by good Canadian deficit data, the strength of commodities and the overall positive sentiment from the U.S. data.
S&P/TSX 60 Index and XIU have performed almost identically up to the end of this July. The hot summer August was the time when XIU improved its performance and throughout the whole September, XIU is performing much better than the index it is based on.
It looks like the overall improvement of the Canadian economy after the end of July succeeded to provide for increased trading activity not only of public companies traded on the stock exchange.[BANNER]
The trading volume of XIU this Friday is maybe also a signal that investors are returning their confidence in funds as a good investment opportunity and the time of the funds’ most active trading is about to come back.
The iShares S&P/TSX 60 Index Fund is aimed to provide long-term capital growth by replicating to the extent possible the performance of the S&P®/TSX® 60 Index. The Index consists of 60 of the largest by market capitalization and by liquidity securities listed on the TSX, selected by S&P using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.
