(VCE) Vanguard FTSE Canada - Ratings and Ratios

Vanguard FTSE Canada (VCE) is a Canadian-domiciled ETF listed on the Toronto Stock Exchange (TO). It tracks the Morningstar Canada GR CAD Index, providing exposure to a broad range of Canadian equities. With an AUM of 2176.23M CAD, VCE is a sizable fund, offering diversification across various sectors of the Canadian market.

The fund is designed to replicate the performance of its underlying index, which includes large-cap and mid-cap Canadian companies. This makes it a suitable option for investors seeking broad exposure to the Canadian equity market without the need for individual stock selection. The ETF’s expense ratio is relatively low, aligning with Vanguard’s reputation for cost-effective investment products.

From a portfolio composition standpoint, VCE holds a mix of sectors, with significant weightings in financials, energy, and industrials, reflecting the broader Canadian economy. The fund’s top holdings typically include major Canadian banks, energy companies, and other blue-chip names. This composition makes it a proxy for the overall health and performance of the Canadian stock market.

Key metrics for VCE include its market capitalization, which stands at 2176.23M CAD, and its trading liquidity on the Toronto Stock Exchange. While specific valuation metrics like P/E, P/B, and P/S are not directly applicable to the ETF itself, they can be inferred from the underlying index and its constituents. The fund’s structure allows for efficient tracking of the index, with minimal turnover and tight tracking error.

For investors and fund managers, VCE serves as a straightforward, low-cost vehicle for gaining exposure to the Canadian equity market. Its broad diversification and passive management approach make it an attractive option for those looking to incorporate Canadian stocks into their portfolios without actively managing the investments themselves. Additionally, the fund’s liquidity and trading volume ensure that it can be easily bought or sold on the exchange.