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Open Edition. Tuesday, August 4, 2026

Curated market context for passive investors.

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$45.67
+1.94%

Headline

XEQT climbs 1.94% in early trading as tech-led U.S. gains and broad sleeve strength follow a Wall Street rally

XEQT is reopening after the Canadian Civic Holiday, and early trading shows the fund up 1.94%, roughly 3.2 times the recent daily average, as all four regional sleeves advance. The United States sleeve supplied the largest share of that gain, with U.S. technology the standout among tracked sectors, lifting the sleeve 1.96%. Strong AI-linked earnings and easing oil prices supported the Wall Street rally that carried into this morning's price discovery. Canada, international developed markets, and emerging markets all added positive contributions, giving the session unusually broad footing.

How large is this morning's move?

Substantial move · This morning's +1.94% move is 3.2× 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

    25.36% of XEQT

    • XIC.TO
    +1.14% +0.29 pts to XEQT

    XIC.TO is up 1.14%, contributing 0.29 percentage points to XEQT, though the internal picture is sharply split. Materials surged more than 5% and financials added nearly 1%, together more than offsetting a nearly 3.5% drop in energy as WTI crude fell close to 5%. The TSX is opening higher on hopes of a U.S.-Iran peace deal, with miners among the early leaders.

    Canada market region icon

  • United States

    45.23% of XEQT

    • XTOT.TO
    • ITOT
    +1.96% +0.89 pts to XEQT

    The U.S. sleeve is up 1.96%, the largest absolute contributor at 0.89 percentage points. Among the sectors tracked, technology rose 3.55% and dominates the sleeve at roughly a third of its weight, accounting for most of the gain. A notable divergence exists between XTOT, the CAD-listed U.S. fund up 2.53%, and ITOT translated to Canadian dollars at roughly 0.92%, a gap consistent with a stronger Canadian dollar context for the CAD-listed instrument.

    United States market region icon

  • Intl Developed

    24.64% of XEQT

    • XEF.TO
    +1.60% +0.39 pts to XEQT

    XEF.TO is up 1.60%, adding 0.39 percentage points. Australia rose 1.87% among the markets tracked, supported by a risk-on mood and firmer commodity prices. European bourses are also firmer, with Germany's DAX marking an intraday record and Spain's Ibex touching 20,000 points for the first time. Japan gained 0.90% among tracked exposures, a measured contribution given its size in the sleeve.

    Intl Developed market region icon

  • Emerging Mrkts

    4.67% of XEQT

    • XEC.TO
    +2.86% +0.13 pts to XEQT

    XEC.TO leads all sleeves with a 2.86% gain, though its 4.67% weight limits the contribution to 0.13 percentage points. Among the markets tracked, South Korea-listed equities rose 5.44% and Taiwan-listed equities rose 3.29%, together driving most of the sleeve's strength. South Korea's Kosdaq surged more than 5% for a third straight session, even as Samsung and SK hynix slid over 3%, with advancers far outnumbering decliners across the broader market.

    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 gain of 1.94%, more than three times the recent daily average, spread meaningfully across all four sleeves rather than resting on a single bet. The sharpest divergence within Canada, materials surging while energy fell nearly 4%, shows how exposure breadth within a sleeve can cushion concentrated commodity moves. Reopening after a holiday into a session this broad is a reminder that the fund's multi-regional structure absorbs price discovery across time zones without requiring any active positioning.

Signals

  • 01

    U.S. tech drives sleeve gain

    U.S. technology rose 3.55% among tracked sectors and, at roughly a third of the U.S. sleeve's weight, supplied the single largest identifiable contribution to XEQT's early gain. For a long-term holder, this concentration means a reversal in a narrow set of large-cap technology names can move the whole fund meaningfully in either direction on any given session.

  • 02

    Crude drop splits Canada internally

    WTI crude oil, a global benchmark for energy prices, fell nearly 5% today, splitting the Canadian sleeve: materials surged more than 5% while Canadian energy dropped 3.5%, nearly cancelling each other within the sleeve. The divergence illustrates how commodity-sector breadth within the Canadian allocation can produce very different outcomes for individual holdings even on days when the sleeve's headline return looks moderate.

  • 03

    XTOT and ITOT diverge sharply

    XTOT, the CAD-listed U.S. fund, returned 2.53% while ITOT translated into Canadian dollars returned roughly 0.92%, a gap of about 1.6 percentage points that reflects structural pricing differences between the two instruments rather than a pure currency effect. The blended U.S. sleeve return of 1.96% remains authoritative, but the divergence is worth noting as context for how the two components are being priced this session.

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Jul 7 to Aug 4 · $45.21 → $45.67

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