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Open Edition. Friday, May 22, 2026

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$44.02
+0.46%

Headline

U.S. technology carries XEQT within a whisker of its 52-week high.

XEQT was trading at $44.02 in early Friday trading, up 0.46%, with the fund sitting just 0.1% below its 52-week high of $44.07. The U.S. sleeve is supplying nearly all of the lift, contributing an estimated 0.37 percentage points to the fund's gain, as American technology and health care equities advance to close what is shaping up as the S&P 500's eighth consecutive weekly gain. Canada is adding modestly, while international developed and emerging markets are contributing very little to the early move.

How large is this morning's move?

Typical day · This morning's +0.46% move is 0.7× 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

    25.33% of XEQT

    • XIC.TO
    +0.33% +0.08 pts to XEQT

    The Canadian sleeve is up 0.33%, contributing 0.08 pp. Energy is the standout, rising 0.82% and consistent with WTI crude advancing to $97.73, up 1.43% on the session. Financials are also positive at 0.54%, while materials are pulling in the other direction, down 1.20%, limiting the sleeve's overall gain.

    Canada market region icon

  • United States

    45.02% of XEQT

    • XTOT.TO
    • ITOT
    +0.82% +0.37 pts to XEQT

    Technology is the engine within the U.S. sleeve, up 1.31% among tracked sectors and contributing roughly 0.46 pp within the sleeve alone. Health care is also strong at 1.27%. Communication services are essentially flat, the one soft spot among tracked sectors, but the breadth of gains elsewhere has the sleeve up 0.82%.

    United States market region icon

  • Intl Developed

    24.51% of XEQT

    • XEF.TO
    +0.12% +0.03 pts to XEQT

    The international developed sleeve is up just 0.12%, contributing 0.03 pp. Japan's equities rose 0.18% among tracked markets, with reports of a record Nikkei close driven by AI-related shares, but that gain is nearly offset by declines in Australia, Hong Kong, Spain, and the UK. The net effect on XEQT is minimal.

    Intl Developed market region icon

  • Emerging Mrkts

    4.86% of XEQT

    • XEC.TO
    +0.02% +0.00 pts to XEQT

    The emerging markets sleeve is barely changed at +0.02%, masking a sharp internal split. Taiwan-listed equities rose 2.72% among tracked markets, but that gain is nearly consumed by declines in China and South Korea, which together account for roughly 40% of the sleeve's tracked exposure. India offered a partial offset, up 0.94% among tracked names.

    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

XEQT's position at the edge of a 52-week high, after a year-to-date gain of 10.35%, reflects genuine breadth across geography and time. The fund's YTD advance has been built on contributions from all four sleeves at various points, not a single concentrated bet. A move of this size, at 0.7 times the recent 20-day average, is deliberately unspectacular. The more meaningful question is whether the fund holds its gains into the close, and for a long-term holder, that question answers itself over years, not hours.

Signals

  • 01

    U.S. tech dominates early XEQT contribution

    Technology within the U.S. sleeve is contributing more to XEQT's gain in early trading than all other tracked sectors combined, a concentration that reflects the outsized weight of U.S. large-cap technology in a global all-equity fund. For a long-term XEQT holder, this is a structural feature rather than an anomaly: strong days in U.S. tech will reliably shape the fund's short-term direction given the U.S. sleeve's 45% weight.

  • 02

    Emerging markets: Taiwan offsets broad weakness

    Taiwan-related equities rose 2.72% among tracked emerging market exposures, yet the overall emerging markets sleeve gained only 0.02%, as China and South Korea gave back nearly all of that advance. The internal tug-of-war illustrates how concentrated gains within a single country can be fully absorbed by simultaneous declines elsewhere in the same sleeve, leaving the XEQT-level contribution at a rounding error.

  • 03

    10-year Treasury yield falls as equities rise

    The 10-year U.S. Treasury yield, a benchmark rate that prices everything from mortgages to corporate borrowing costs, fell 0.87% to 4.546% while equities advanced broadly, a combination that eased some of the valuation pressure that higher rates impose on growth-oriented sectors. U.S. health care's 1.27% gain among tracked sectors is consistent with rate-sensitive equity segments finding more room to move when long-end yields retreat.

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