Getting out of Canadian Oil Sands, Adding Global Funds

As part of my ongoing portfolio rationalization I need to sell Canadian Oil Sands (COS.TO) and iShares Core S&P 500 ETF (IVV).  I also need to move my gold holdings to another account – I will sell it here and buy it again later (gold is falling).

This is the account that I plan to use for global equities, and I have selected two ETF: iShares MSCI Emerging Markets Index Fund (XEM.TO) and iShares MSCI EAFE Index Fund (CAD-Hedged) (XIN.TO).

XEM is a three-star rated ETF with high liquidity that  holds emerging markets equities.  The ETF holds over 800 stocks – the top five are Samsung, Taiwan Semiconductor, China Mobile, China Construction Bank, and Gazprom.

XIN is a three-star rated ETF with high liquidity that  holds equities from Europe, Australasia and the Far East.  The ETF holds over 900 stocks – the top five are Nestle, HSBC, Novartis, Roche and BP.

  • Sell COS.TO @ $20.52
  • Sell IVV @ $150.94
  • Sell PHY-U.TO @ $13.26
  • Buy XEM.TO @ $24.74
  • Buy XIN.TO @ $18.73

POSTMORTEM

The trades described above are part of a broad portfolio rationalization that includes many trades.  I have performed a single postmortem to cover all of these trades.  The postmortem is here.

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