XINT ETF: the iShares Core MSCI All-International Equity Index ETF

Short answer: XINT.TO holds everything outside North America in one ticker: developed and emerging markets, large, mid and small cap, more than 5,000 companies across 40-plus countries. It tracks the MSCI ACWI ex North America IMI Index, charges a 0.23% management fee, pays semi-annually, and listed on the TSX on August 10, 2026. It excludes Canada and the United States, which is the whole point and also the thing to not forget.

Most Canadians who build their own portfolio rather than buying an all-in-one fund hit the same wall. Canada is easy. The U.S. is easy. Then you want the rest of the world, and suddenly you are buying two funds, one for developed markets and one for emerging, and deciding how to weight them against each other forever.

XINT collapses that into one holding. It is not exciting, and that is a compliment.

This is not financial advice. Fund details change, so check the current ETF Facts before you buy anything.

What XINT is

XINT at a glance

Attribute	Detail
Ticker	XINT (TSX)
Legal name	iShares Core MSCI All-International Equity Index ETF
Index	MSCI ACWI ex North America IMI
Coverage	Over 5,000 companies, 40-plus developed and emerging countries
Excludes	Canada and the United States
Listed	August 10, 2026
Management fee	0.23%
Distributions	Semi-annual
Currency	CAD, unhedged
Manager	BlackRock Asset Management Canada

Three letters in the index name do most of the work. ACWI is All Country World Index, so emerging markets are in. ex North America removes Canada and the U.S. IMI is Investable Market Index, which means small caps are included alongside large and mid.

Put together, that is about as complete a picture of the non-North-American world as a single Canadian-listed fund offers.

Shortly after launch, XINT’s holdings list showed only a handful of positions, which is consistent with it being assembled from existing iShares funds rather than buying 5,000 stocks directly. That is the normal way these core building blocks get built and it does not change what you own economically.

What it does not hold

XINT holds no Canadian stocks and no American stocks. None.

This sounds obvious written down and it is the single most common way people get these funds wrong. XINT is a component, not a portfolio. On its own it is a bet against the two markets most Canadians already have the most exposure to, which is not a bet anyone means to make.

The fee, and the two-ticker alternative

The management fee is 0.23%. The comparison worth doing is against what most people currently use to cover the same ground: XEF for developed markets outside North America and XEC for emerging markets.

XEF’s management fee is 0.20% and XEC’s is 0.25%. Weighted the way the index splits, roughly three quarters developed and one quarter emerging, that pair blends to about 0.21%.

So XINT costs you something in the order of two basis points more than doing it yourself with two funds. On $10,000, that is about two dollars a year.

What you get for two dollars is that the developed and emerging split stays at index weight without you doing anything, one line on your statement instead of two, and one fewer decision to revisit. Whether that is a good trade is a question about your temperament, not your spreadsheet. Two basis points is not the reason to choose either way.

There is no published MER yet because the fund is new. Canadian rules do not require one in a fund’s first year, so expect a wait before a complete expense figure appears.

Currency

XINT is unhedged. You hold the underlying currencies, so your return includes what the yen, euro, pound and the rest do against the Canadian dollar.

Over long horizons this mostly washes out, and most Canadian investors are better served leaving international equity unhedged rather than paying for hedging. Over any given year it can be a large part of your return in either direction. If that is unfamiliar, currency-hedged ETFs covers the trade-off properly.

Frequently asked questions

When did XINT launch?

XINT began trading on the Toronto Stock Exchange on August 10, 2026, alongside IBQT, BlackRock’s new equity-plus-bitcoin portfolio fund.

What does XINT hold?

Developed and emerging market equities outside North America, tracking the MSCI ACWI ex North America IMI Index. That is more than 5,000 large, mid and small cap companies across more than 40 countries. It holds no Canadian or U.S. stocks.

Is XINT enough on its own?

No. It deliberately excludes Canada and the United States. Held alone it would leave you with no exposure to either, which is not a position most Canadians intend to take. It is designed as one component of a portfolio you assemble.

XINT or XEF plus XEC?

They cover close to the same ground. XINT is one ticker at 0.23% with the developed and emerging weights kept at index level automatically. XEF plus XEC is two tickers blending to roughly 0.21%, with the weights left to you. The cost difference is small enough to ignore, so choose on whether you want the extra control or the fewer decisions.

Is XINT currency hedged?

No. It is unhedged, so movements in foreign currencies against the Canadian dollar flow through to your return.

What is XINT’s MER?

Not published yet. The management fee is 0.23%, and a full MER will not be available until the fund has an expense history, which typically takes more than a year.

Bottom line

XINT is a plumbing improvement rather than a new idea, and plumbing improvements are usually the ones worth paying attention to. Canadians building portfolios by hand have wanted a single ex-North-America fund for a long time.

At 0.23% it is priced fairly against the two-fund version it replaces, and the two basis points it costs are not worth thinking about in either direction. Just remember what it leaves out.