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Open Edition. Wednesday, May 20, 2026

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$43.20
+0.54%

Headline

Easing yields and broad gains lift XEQT 0.54% early.

In early trading, XEQT was up 0.54% at $43.20, with all four sleeves posting gains. The U.S. sleeve contributed the most, adding an estimated 0.24 percentage points, as a pullback in the 10-year Treasury yield from recent highs and softer oil prices steadied equity markets after several days of pressure. Emerging markets were the strongest sleeve on a percentage basis at 0.83%, though their smaller weight limited the aggregate lift. XEQT sits roughly 1.5% below its 52-week high of $43.85.

How large is this morning's move?

Typical day · This morning's +0.54% move is 0.8× the 20-day average move.

This scale measures size, not what to do. Larger moves are a normal part of holding a global all-equity fund.

The Regions

  • Canada

    25.32% of XEQT

    • XIC.TO
    +0.63% +0.16 pts to XEQT

    Canada's XIC was up 0.63% early, led by financials and industrials among the sectors tracked. Canadian financials, the largest sleeve component at roughly a third of XIC, rose 0.76%, while industrials advanced 0.88%. Energy lagged at 0.14%, consistent with WTI crude falling more than 2% on the session.

    Canada market region icon

  • United States

    45.16% of XEQT

    • XTOT.TO
    • ITOT
    +0.53% +0.24 pts to XEQT

    Technology was the clear driver in the U.S. sleeve, rising 0.88% and contributing an estimated 0.31 percentage points within the sleeve. Consumer staples and communication services were both lower in early trading, but their combined drag was more than offset by technology's weight. Bond yields easing off recent highs supported the rate-sensitive backdrop for equity buyers.

    United States market region icon

  • Intl Developed

    24.45% of XEQT

    • XEF.TO
    +0.49% +0.12 pts to XEQT

    XEF posted a 0.49% gain despite a meaningful split within the sleeve. European markets were broadly stronger, with France up 0.92%, the Netherlands 0.86%, and the UK and Germany each rising above 0.70% among the markets tracked here. Japan moved in the opposite direction, falling 0.53%, consistent with reports of profit-taking in AI-related names that had driven recent gains.

    Intl Developed market region icon

  • Emerging Mrkts

    4.83% of XEQT

    • XEC.TO
    +0.83% +0.04 pts to XEQT

    XEC rose 0.83%, the strongest sleeve percentage gain, though its 4.83% weight kept the absolute contribution to XEQT modest at roughly 0.04 percentage points. Taiwan and South Korea each gained more than 1% among the markets tracked, while China fell 0.75%, a meaningful internal offset. Goldman Sachs commentary pointing to a north-south divergence in Asian markets, with AI and energy resilience favoring northern markets, aligns with that pattern.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move this morning (threshold = ±0.1 percentage points). Returns are daily ETF price moves for tracked regional or sector categories and may differ slightly from raw index movements.

The Hold Line

A broad but uneven advance across all four sleeves is a reasonably constructive setup heading into the full session. The fund's YTD return stands at 8.30%, and a single morning's move of this size sits below the recent 20-day average daily swing of 0.63%. The proximity to the 52-week high of $43.85 is worth noting: the fund has recovered substantially from its low of $34.31, and each session near the top of the range tests whether that ground holds. For a long-term holder, the more relevant question remains the direction of yields and earnings over weeks, not hours.

Signals

  • 01

    Treasury yields ease, tech rebounds

    The 10-year U.S. Treasury yield, which sets a benchmark borrowing cost that competes with equity valuations, slipped to 4.65% in early trading, its first meaningful pullback after a stretch of pressure on rate-sensitive assets. U.S. technology rising 0.88% in the same session suggests investors are quick to rotate back when the yield headwind softens, a dynamic that matters for XEQT given technology's outsized weight in the U.S. sleeve.

  • 02

    Crude oil drops sharply, energy lags

    WTI crude fell 2.19% to $101.87, a significant single-session move in a commodity that directly shapes the earnings of Canadian and U.S. energy producers. Canadian energy rose only 0.14% in early trading, well below the broader Canada sleeve gain of 0.63%, reflecting that drag; holders of XEQT benefit from the fund's diversification across sectors that respond differently to commodity swings.

  • 03

    EM north-south split sharpens

    Within the emerging markets sleeve, Taiwan and South Korea each gained more than 1% while China fell 0.75%, producing a sharp internal divergence among the markets tracked. This pattern, consistent with the Goldman Sachs north-south thesis on Asian equity resilience, is partly why XEC's headline gain of 0.83% understates the dispersion inside the sleeve; long-term XEQT holders are exposed to both sides of that divide through the fund's broad EM mandate.

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