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Close Edition. Thursday, June 4, 2026

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$45.06
+0.83%

Headline

XEQT closes at a new 52-week high of $45.06 as three sleeves advance and Canada leads.

XEQT gained 0.83% on Thursday, closing at a new 52-week high of $45.06, with Canada, the United States, and international developed markets all contributing positively. Canada supplied the largest push, adding 0.31 percentage points, as the TSX surged more than 400 points to a fresh record above 35,200. The U.S. sleeve added 0.22 points despite a sharp divergence inside it: technology fell while financials and health care rallied sharply, consistent with the broader dynamic of easing oil prices and lower bond yields lifting economically sensitive sectors. Emerging markets were the lone drag, subtracting 0.05 points, as steep losses in South Korean equities weighed on the sleeve.

How large is today's move?

Typical day · Today's +0.83% move is 1.2× 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

    25.14% of XEQT

    • XIC.TO
    +1.22% +0.31 pts to XEQT

    The TSX composite's record close was broad-based but tilted heavily toward financials, which rose 1.65% and contributed more than half a percentage point within the sleeve. Materials added another 0.28 points inside Canada, with gold's 0.82% gain on the session providing a supportive backdrop for mining shares. Industrials and energy also advanced, though energy's 0.65% rise was constrained by WTI crude falling more than 3% on the day.

    Canada market region icon

  • United States

    45.25% of XEQT

    • XTOT.TO
    • ITOT
    +0.48% +0.22 pts to XEQT

    The U.S. sleeve's 0.48% gain masked a sharp internal rotation. Technology fell 1.56%, consistent with a Broadcom earnings forecast that disappointed elevated expectations, while U.S. financials surged 2.59% and health care climbed 3.07%, the two strongest contributors among the sectors tracked. The 10-year Treasury yield eased to 4.48%, and that softer rate environment likely supported the financials and rate-sensitive sectors that drove the sleeve's net gain.

    United States market region icon

  • Intl Developed

    24.25% of XEQT

    • XEF.TO
    +0.82% +0.20 pts to XEQT

    European markets were notably firm, defying the AI-related pressure visible in U.S. technology. France rose 1.67%, Switzerland 1.58%, and the UK 0.99% among the markets tracked, collectively anchoring the sleeve's 0.82% gain. Asia-Pacific markets within the sleeve were softer, with Hong Kong down 1.27% and Australia off 0.34%, though their combined weight kept the drag modest.

    Intl Developed market region icon

  • Emerging Mrkts

    5.08% of XEQT

    • XEC.TO
    -0.91% -0.05 pts from XEQT

    South Korean equities fell 4.22% among the markets tracked, by far the session's sharpest single-country decline, with renewed uncertainty around U.S.-Iran tensions cited as a driver. Taiwan-related equities dropped 1.08%, adding to the sleeve's losses. India was the clear offset, rising 1.39% within the tracked exposures, but it was not large enough to neutralize the South Korea and Taiwan drag.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move today (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

Three of four sleeves contributed positively, and the fund's 0.83% gain reflects genuine breadth rather than concentration in a single region. The internal U.S. story is worth noting: a 1.56% decline in technology was more than absorbed by financials and health care, which together added roughly 0.56 points within that sleeve alone. Emerging markets subtracted only 0.05 points despite South Korean equities falling more than 4%, a reminder of how sleeve weight limits the damage a single country can inflict on the overall fund. The new 52-week high at $45.06 was earned across multiple contributors.

Signals

  • 01

    U.S. sector rotation away from technology

    Technology fell 1.56% within the U.S. tracked exposures while financials and health care gained 2.59% and 3.07% respectively, producing a net positive sleeve return despite a steep AI-related selloff. For a long-term XEQT holder, this rotation illustrates why broad sector diversification within the U.S. sleeve cushions single-sector shocks rather than amplifying them.

  • 02

    South Korea drag contained by sleeve weight

    South Korean equities declined 4.22% among the markets tracked, the steepest country-level move in the fund, yet the emerging markets sleeve subtracted only 0.046 percentage points from XEQT's total return because that sleeve represents just over 5% of the fund. The size mismatch between a dramatic country move and its portfolio impact is worth watching as a structural feature, not a risk to reassess.

  • 03

    WTI crude falls sharply, gold holds firm

    WTI crude, a benchmark for global oil prices, dropped 3.13% to $93.01, which constrained Canadian energy stocks even as the broader TSX set a record; gold, which measures demand for inflation hedges and safe-haven assets, rose 0.82%, helping sustain the materials sector's contribution. The divergence between the two commodities explains why Canadian materials outpaced energy on a day when the TSX as a whole was strong.

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May 7 to Jun 4 · $42.97 → $45.06

+4.86%