XEC to hold the underlying emerging markets stocks directly!
Not sure if any one has posted this yet:
https://financialpost.com/globe-newswire/blackrock-canada-announces-certain-changes-to-xec-and-xsem
Great news, although now I'll need to update my recent FWT video ;)
Net capital losses are expected from the transactions (so non-registered investors shouldn't be hit with a big tax bill for 2023).