HSBC MSCI Canada UCITS ETF USD (HCAD)

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https://www.hydroone.com

HSBC MSCI Canada UCITS ETF USD is an exchange-traded fund that seeks to replicate the performance of the MSCI Canada Index, which tracks the largest and most liquid large- and mid-cap Canadian stocks. Launched on 23 February 2011 and domiciled in Ireland, this UCITS-compliant ETF employs a full physical replication strategy, holding approximately 97 securities to mirror the index as closely as possible while minimizing tracking error. It is currency unhedged with USD as the fund currency, exposing investors to Canadian equity market movements without forex hedging. The ETF distributes dividends semi-annually, with a recent yield around 1.5-2.1%, reflecting payouts from underlying holdings in sectors like financial services, mining, technology, energy, and industrials. Top constituents include Royal Bank of Canada, Shopify, Toronto-Dominion Bank, and Enbridge, highlighting Canada's strengths in banking, e-commerce, pipelines, and resources. Managed by HSBC Global Asset Management with a total expense ratio of 0.35% p.a., it provides a cost-effective vehicle for targeted exposure to the Canadian market, a key developed economy influenced by commodities, finance, and innovation-driven growth.