North America Equity

North American equity mutual funds and ETFs own securities on the various... North American equity mutual funds and ETFs own securities on the various stock exchanges of North American nations. Prominent stock exchanges in North America include the New York Stock Exchange (NYSE), the Toronto Stock Exchange (TSX), and the Mexican Stock Exchange. The most well-known equity indexes in North America are the Dow Jones Industrial Average (DJIA), the Standard and Poor’s 500, and the TSX 300. The U.S. is by far the greatest contributor to the total market capitalization of the continent: U.S. equities as of June 2023 had an aggregate market cap in excess of US$46 trillion. North American equity mutual funds and ETFs can be actively or passively managed, and depending on the fund, may have more exposure to certain countries than others. Large ETFs and mutual funds covering the region’s equities tend to have significant weightings in the technology, financials, consumer discretionary, health care, materials, and energy sectors. Large North American companies by market capitalization include Apple, Microsoft, Nvidia, ExxonMobil, and JP MorganChase, among others. North American equity mutual funds and ETFs may leave their currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Canadian dollar or Mexican Peso. Investors are attracted to these funds because the region forms a huge share of global GDP. The U.S. alone boasted nominal GDP of US$25 trillion in 2022, eclipsing the total GDP of Europe. As a result, these funds tend to be appropriate for conservative investors, although Mexican equities are somewhat riskier so funds focused on those stocks are best left to more aggressive investors. Last Updated: 04/19/2024 View more View less

North American equity mutual funds and ETFs own securities on the various stock exchanges of North American nations. Prominent stock exchanges in North America include the New York Stock Exchange (NYSE), the Toronto... North American equity mutual funds and ETFs own securities on the various stock exchanges of North American nations. Prominent stock exchanges in North America include the New York Stock Exchange (NYSE), the Toronto Stock Exchange (TSX), and the Mexican Stock Exchange. The most well-known equity indexes in North America are the Dow Jones Industrial Average (DJIA), the Standard and Poor’s 500, and the TSX 300. The U.S. is by far the greatest contributor to the total market capitalization of the continent: U.S. equities as of June 2023 had an aggregate market cap in excess of US$46 trillion. North American equity mutual funds and ETFs can be actively or passively managed, and depending on the fund, may have more exposure to certain countries than others. Large ETFs and mutual funds covering the region’s equities tend to have significant weightings in the technology, financials, consumer discretionary, health care, materials, and energy sectors. Large North American companies by market capitalization include Apple, Microsoft, Nvidia, ExxonMobil, and JP MorganChase, among others. North American equity mutual funds and ETFs may leave their currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Canadian dollar or Mexican Peso. Investors are attracted to these funds because the region forms a huge share of global GDP. The U.S. alone boasted nominal GDP of US$25 trillion in 2022, eclipsing the total GDP of Europe. As a result, these funds tend to be appropriate for conservative investors, although Mexican equities are somewhat riskier so funds focused on those stocks are best left to more aggressive investors. Last Updated: 04/19/2024 View more View less