TSX:XIU Holds Steady Amid Strong Bank Profits and Trade Tensions

The iShares S&P/TSX 60 Index ETF (TSX:XIU) is one of Canada's most heavily traded exchange-traded funds, with an approximate asset under management range of C$16-18 billion.

TSX:XIU holds the largest and most liquid companies on the Toronto Stock Exchange, making up about 36% to 38% of the fund in financials, led by the Big Six banks.

The Bank of Canada's October 28 decision and escalating trade disputes with the US are major catalysts for investors to watch going forward.