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Close Edition. Monday, September 21, 2026

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$46.05
+1.41%

Headline

XEQT advances 1.41% as oil retreats and U.S.-China optimism lifts all four sleeves

XEQT gained 1.41% on Monday, closing at $46.05, its largest session in recent weeks at more than three times the 20-day average move, as positive signals from U.S.-China diplomatic talks and a sharp decline in oil prices lifted equities broadly. All four sleeves rose, with the U.S. sleeve contributing the most at roughly 0.83 percentage points, powered by technology and communication services. Emerging markets posted the strongest sleeve return at 2.72%, driven by chipmaker-heavy markets. The Canadian dollar's 0.38% decline against the U.S. dollar provided an additional tailwind for foreign-asset returns inside XEQT.

How large is today's move?

Substantial move · Today's +1.41% move is 3.1× 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

    25.47% of XEQT

    • XIC.TO
    +0.63% +0.16 pts to XEQT

    The Canadian sleeve rose 0.63%, adding 0.16 percentage points to XEQT, with financials and information technology doing the heavy lifting. Financials, the largest tracked segment at 34.5% of the sleeve, gained 1.41%, while Canadian IT surged 3.10%. Energy was a meaningful drag, falling 2.62% as WTI crude dropped over four dollars to $92.13, pulling against gains elsewhere in the index.

    Canada market region icon

  • United States

    45.40% of XEQT

    • XTOT.TO
    • ITOT
    +1.84% +0.83 pts to XEQT

    The U.S. sleeve was the session's dominant force, rising 1.84% and contributing 0.83 percentage points to XEQT. Among the sectors tracked, technology rose 2.89% and communication services surged 3.90%, together accounting for the bulk of the sleeve's gain. The Nasdaq closed at a new all-time high, with AI-related enthusiasm amplifying the move. U.S. energy fell 2.30%, a notable offset, but the growth sectors carried the day decisively.

    United States market region icon

  • Intl Developed

    24.21% of XEQT

    • XEF.TO
    +1.35% +0.33 pts to XEQT

    XEF.TO rose 1.35%, adding 0.33 percentage points, as falling oil prices eased inflation concerns across European markets and diplomatic optimism around a Trump-Xi meeting supported sentiment. Among the markets tracked, Switzerland, France, and Germany each gained between 1.07% and 1.28%, while Japan added 0.99% and the UK rose 0.89%. European real estate equities faced pressure in Germany despite the broader index gain.

    Intl Developed market region icon

  • Emerging Mrkts

    4.84% of XEQT

    • XEC.TO
    +2.72% +0.13 pts to XEQT

    The emerging markets sleeve posted the strongest return of the four at 2.72%, contributing 0.13 percentage points. South Korean equities rose 4.33% as chipmakers advanced ahead of the Trump-Xi summit, and Taiwan-related equities climbed 3.58%, consistent with the same semiconductor and diplomatic optimism theme. China gained 1.75% and India rose 1.00%, broadening the sleeve's strength. Saudi Arabia and South Africa were the only tracked markets in the red.

    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

A session that delivered 3.1 times the recent average daily move on positive breadth across all four sleeves shows what a genuine risk-on day looks like for this fund. The two clear engines, U.S. technology and communication services alongside Asia-Pacific emerging markets, reinforced each other rather than offsetting, which amplified XEQT's total gain. Energy's sharp fall in both Canada and the U.S. was a meaningful internal drag, yet the rest of the market absorbed it without difficulty. The session confirms that concentration in growth-oriented segments of the fund can work decisively in both directions.

Signals

  • 01

    Oil Drop Relieves Rate Pressure

    WTI crude, a measure of global oil benchmark pricing, fell 4.11% to $92.13, reversing a week of elevated pressure on inflation expectations. The drop benefited rate-sensitive global equities broadly, with the 10-year U.S. Treasury yield declining 0.70% on the same day, loosening a constraint that had weighed on growth stocks for much of September.

  • 02

    Tech and AI Dominate U.S. Gain

    U.S. technology and communication services together contributed roughly 1.42 percentage points within the U.S. sleeve alone, making them the single largest identifiable driver of XEQT's full-day gain. For a fund with broad global exposure, this degree of concentration in two U.S. growth sectors on a single session illustrates how much the fund's daily range can be shaped by AI- and tech-sentiment cycles.

  • 03

    Asian Chipmakers Lift EM Sleeve

    South Korean and Taiwan-listed equities were the two largest positive contributors among emerging market exposures tracked, rising 4.33% and 3.58% respectively, against a backdrop of advancing chipmaker stocks and improving U.S.-China diplomatic signals. The emerging markets sleeve's 2.72% return was its strongest representation in recent sessions, and its 27.20% YTD return now stands well above every other sleeve in XEQT, a divergence that reflects the outsized role semiconductor-heavy Asian markets have played this year.

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Key events from the last 20 days

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Aug 24 to Sep 21 · $45.67 → $46.05

+0.83%