Canadian Equity Moves to 2nd Spot in Asset Class Rankings
With the continued move downwards in the Equity markets, we have seen some changes in the overall SIA Asset Class Rankings. While US Equity continues to remain in the #1 spot, CAD Equity has now moved up to the 2nd spot and Intl Equity has moved down to the 3rd spot. With these changes, EWP has been removed from the SIA ETF Model, and XMD.TO and XIC.TO have both increased their weightings to 15%.
XMD.TO recently broke through its all time resistance high at $23.41 and has moved on to new highs. Resistance levels are now up at $25.34 and again at $28.54, while support is at $22.06 and again at $20.00.
There has also been additional movement down at the bottom of the SIA Asset Class rankings, as Commodities has moved up to 5th, while Cash and Currency have moved down in to the 6th and 7th position.
