iShares Canada has floated two new global equity ETFs on the Canadian exchange today. The iShares CDN MSCI World Index Fund (TSE:XWD) will track that broad developed market benchmark. While the iShares CDN MSCI Emerging Markets Index Fund (TSE:XEM) will track that broad emerging markets index, which the EEM tracks in the US.

In the case of XEM, it may be cheaper for Canadian investors to buy Vanguard’s VWO in America, as it carries a much lower expense ratio.