The IQ Canada Small Cap ETF ($CNDA) has not garnered much attention since it began trading in March 2010. The ETF has approximately $40 million in assets and is composed of 100 Canadian small-cap stocks.
The ETF is heavily focused on Materials and Energy, which make up 73% of the portfolio. The expense ratio is 0.69%. So far in 2011, CNDA has lagged the iShares Canada ETF ($EWC) as the large-cap focused ETF has out performed. The main reason for the under performance was the weak performance of the commodity stocks earlier this year.
With the price of oil increasing and hanging around the $100 level and gold bouncing off support I once again turn to the commodity sector as a place to put money and $CNDA looks like an attractive option.
Today $CNDA was up 2% as $EWC was flat.
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