iShares S&P/TSX Capped Composite Index ETF

The iShares S&P/TSX Capped Composite Index ETF is a type of exchange-traded fund that seeks to replicate the performance of the S&P/TSX Capped Composite Index, before fees and expenses. It primarily invests in large, mid, and small-cap equities listed on the Toronto Stock Exchange, providing broad exposure to the Canadian stock market. This ETF is designed to offer investors a diversified portfolio of Canadian companies, capturing various sectors such as financials, energy, and materials, which are dominant in the Canadian economy. By capping the maximum weight of any single company, this ETF aims to minimize the concentration risk common in market-capitalization indices. It plays a significant role in investment portfolios by allowing both retail and institutional investors to gain comprehensive access to the Canadian market's performance in a cost-effective manner, translating the economic growth and sectoral shifts of Canada into an investable product.