Why does iShares S&P TSX 60 (XIU), with the highest management fee, have the most assets?

Five of the six ETFs we’ll discuss in this column (see “Canadian equity market ETFs”) have management fees of 0.05% or less. Canada, the originator of the ETF, can now boast the lowest-priced ETF at 0.03% (including a 4-bps rebate): Horizons S&P/TSX 60 (HXT). (Disclosure: my firm sub-advises for Horizons.) In the dominant U.S. market, the lowest cost ETFs are from Schwab: Multi-Cap Core (SCHB) and Large-Cap Core (SCHX), both at 0.04%.


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