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Open Edition. Thursday, August 13, 2026

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$46.37
+0.39%

Headline

U.S. technology leads XEQT to 0.39% gain as three sleeves advance in early trading.

XEQT was trading at $46.37 in early trading, up 0.39%, as rising appetite for technology and semiconductor exposure supported three of the fund's four sleeves. The U.S. sleeve led with a 0.54% gain, propelled by technology advancing 1.04% within the tracked exposures, while communication services also posted strength. Emerging markets were supported by Taiwan and South Korea, up 1.35% and 0.65% respectively, though this was partially offset by weakness in China. International developed markets edged higher on strength in Japan, which posted a 0.38% gain, and the Netherlands, while declines in the United Kingdom and Australia held back the sleeve. Oil prices fell 2.41%, removing some geopolitical premium from recent sessions, while the VIX declined to 14.42. Canada remained nearly flat, with materials declining 1.58% offsetting modest strength in financials and technology.

How large is this morning's move?

Typical day · This morning's +0.39% move is 0.6× 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
    +0.02% +0.00 pts to XEQT

    The Canadian sleeve was essentially flat at 0.02%, weighed by a 1.58% decline in materials that contributed minus 0.277 pp to the sleeve. This overshadowed gains across other sectors: financials added 0.158 pp on a 0.45% advance, while information technology rose 1.49% to contribute 0.122 pp. Utilities, consumer staples, and real estate provided modest support, leaving the sleeve largely neutral.

    Canada market region icon

  • United States

    45.13% of XEQT

    • XTOT.TO
    • ITOT
    +0.54% +0.24 pts to XEQT

    The U.S. sleeve advanced 0.54%, contributing 0.244 pp to XEQT. Technology led decisively with a 1.04% gain delivering 0.368 pp, reflecting broad strength in semiconductor and AI-related stocks. Communication services rose 1.23% to add 0.110 pp, while consumer staples and discretionary posted modest gains. Industrials and energy slipped, but weakness was contained to less than 0.05 pp total.

    United States market region icon

  • Intl Developed

    24.43% of XEQT

    • XEF.TO
    +0.26% +0.06 pts to XEQT

    International developed markets rose 0.26%, contributing 0.064 pp to XEQT. Japan's 0.38% gain, representing roughly 25% of the sleeve, contributed 0.096 pp and reflected broader optimism in Asian equities. The Netherlands advanced 1.06% to add 0.056 pp. Offsetting these were modest declines in the United Kingdom, Australia, France, and Singapore, each limiting their drag to under 0.03 pp.

    Intl Developed market region icon

  • Emerging Mrkts

    4.65% of XEQT

    • XEC.TO
    +0.46% +0.02 pts to XEQT

    Emerging markets advanced 0.46%, contributing 0.021 pp to XEQT despite headwinds from China's 0.70% decline. Taiwan's 1.35% gain delivered 0.366 pp, and South Korea's 0.65% rise added 0.119 pp, driven by semiconductor sector optimism. India's modest 0.30% advance and gains in Saudi Arabia and Brazil provided further support, while weakness in South Africa, Poland, Malaysia, and the UAE proved minor drags on the sleeve's overall positive momentum.

    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

The session remains early, but the breadth is genuine: three of four sleeves are advancing, driven chiefly by U.S. technology and semiconductor gains that rippled into Asia. Crude fell 2.41%, relieving pressure on energy-importing developed markets and widening room for risk-on appetite. Canada's flatness reflects competing forces in materials and financials, both significant sleeve components. A 0.39% gain on lighter positioning is constructive for a long-term holder, particularly when rolling-month gains stand near 2.4%.

Signals

  • 01

    Oil retreat eases geopolitical premium

    Oil prices fell 2.41% to 81.26, relieving energy cost pressures that have weighed on developed markets and sentiment. This decline likely supported technology and discretionary sectors while reducing anxiety over stagflation, a pattern consistent with the U.S. sleeve's broad advance and international developed markets' ability to hold near flat despite traditional demand concerns.

  • 02

    VIX near multi-month lows

    The VIX dropped 0.89% to 14.42, near its lowest level this year, signaling fading tail-risk concerns and renewed appetite for equities across multiple geographies. For a long-term holder, low volatility creates space for positive breadth rather than concentration; today's three-sleeve advance reflects this environment more than heroic single-sector outperformance.

  • 03

    Asia semiconductor rally dominates emerging markets

    Taiwan and South Korea together contributed over 0.48 pp of the small emerging market gain, reflecting a semiconductor and AI trade renaissance that has also lifted Japan within developed markets. This regional concentration within emerging markets shows that chip-driven momentum is sustaining the early-month rebound, narrowing the portfolio's geographic breadth on a percentage-move basis despite the headline three-sleeve advance.

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Jul 16 to Aug 13 · $44.86 → $46.37

+3.37%