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Close Edition. Wednesday, August 12, 2026

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$46.19
+0.54%

Headline

XEQT rises 0.54% as inflation data and AI earnings drive broad global advance

XEQT closed at $46.19, up 0.54%, as mild U.S. inflation data reinforced expectations that the Federal Reserve will hold rates steady and AI earnings from CoreWeave added fuel to technology equities. All four sleeves contributed positively, with the U.S. sleeve providing the largest absolute push at roughly 0.22 percentage points, driven almost entirely by strength in technology shares that overcame declines in consumer discretionary and communication services within the same sleeve. Emerging markets posted the strongest percentage return at 1.50%, propelled by sharp advances in South Korean and Taiwanese technology-linked equities. The session's direction was established early and held through the close.

How large is today's move?

Typical day · Today's +0.54% move is 0.9× 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

    25.59% of XEQT

    • XIC.TO
    +0.48% +0.12 pts to XEQT

    Canadian equities gained 0.48%, extending the TSX's recent record-setting run with financials as the clear engine. Financial sector shares contributed roughly 0.38 percentage points within the sleeve, easily the largest single driver, while materials added another 0.12 percentage points. Consumer staples and information technology posted modest declines but were too small in weight to offset the gains elsewhere.

    Canada market region icon

  • United States

    45.13% of XEQT

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

    The U.S. sleeve finished at 0.48%, though the flat headline masks a stark internal split. Technology shares rose 1.49% among the sectors tracked, contributing more than half a percentage point within the sleeve on their own, while consumer discretionary and communication services each fell more than 0.9%, together subtracting roughly 0.19 percentage points. Inflation data showing a second consecutive monthly easing, combined with strong AI-related earnings, concentrated buying in the technology segment.

    United States market region icon

  • Intl Developed

    24.43% of XEQT

    • XEF.TO
    +0.51% +0.13 pts to XEQT

    International developed markets gained 0.51%, with Japan doing the bulk of the work. Japanese equities rose 1.57% among the markets tracked, contributing roughly 0.39 percentage points within the sleeve, while the Netherlands added another 0.09 percentage points. Continental European markets including France, Germany, Switzerland, and Sweden all declined, consistent with a session where pre-CPI caution and oil-related uncertainty weighed on the region, limiting the headline advance.

    Intl Developed market region icon

  • Emerging Mrkts

    4.65% of XEQT

    • XEC.TO
    +1.50% +0.07 pts to XEQT

    Emerging markets were the strongest sleeve at 1.50%, lifted overwhelmingly by South Korean and Taiwanese technology equities. South Korean shares rose 5.16% among the markets tracked, with Samsung Electronics and SK Hynix driving the Kospi sharply higher as fears over AI spending durability faded. Taiwan-listed semiconductor-related equities gained 2.16%. China declined 0.97% within the tracked exposures, but that drag was far outweighed by the northeast Asian advance.

    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

Breadth this clean, all four sleeves positive and led by the two smallest by weight, speaks to genuine dispersion rather than concentration. The U.S. technology sector's contribution masked meaningful weakness elsewhere in the sleeve, notably in consumer discretionary and communication services, which means the flat headline number from the U.S. obscures real rotation underneath. Emerging markets delivered the strongest return of the four sleeves despite carrying the lightest weight, a reminder that small allocations can still move the fund on sharp days. The session closed where it largely stood at midday, which is itself a signal of a market that absorbed the CPI data and settled.

Signals

  • 01

    CPI data reinforces Fed hold

    U.S. inflation eased for a second consecutive month in July, according to data released Wednesday, reinforcing market expectations that the Federal Reserve will leave its policy rate unchanged in September. For XEQT holders, stable rate expectations remove one source of near-term volatility and broadly support equity valuations across all four sleeves.

  • 02

    South Korea semiconductor surge

    South Korean equities rose 5.16% among the markets tracked within the emerging markets sleeve, a move that KED Global attributed to a surge in Samsung Electronics and SK Hynix as confidence in sustained AI-related capital spending recovered. Despite the emerging markets sleeve representing only 4.65% of XEQT, this concentration of gains in a single country shows how dramatically a sharp country-level move can shape a small sleeve's return.

  • 03

    Sharp U.S. sector rotation within sleeve

    U.S. technology shares gained 1.49% among the sectors tracked while consumer discretionary fell 1.13% and communication services declined 0.90%, producing an internal sleeve spread of more than 2.5 percentage points between the strongest and weakest sectors on the same session. This rotation within the sleeve meant the U.S. contribution to XEQT understated the scale of the technology advance, and holders with broader U.S. market exposure absorbed meaningful cross-sector drag alongside the tech gain.

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Key events from the last 20 days

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Jul 15 to Aug 12 · $45.11 → $46.19

+2.39%