RBC iShares Expands ETF Offerings to Provide More Precise and Targeted Solutions
13 Fevereiro 2023 - 08:00AM
Today, RBC iShares expands its exchange traded fund (“ETF”) lineup
with the launch of five iShares ETFs.
The funds cover several new ETF strategies,
offering easy and affordable access to a range of exposures
including long government bonds, emerging market equities, and
electric and autonomous vehicles.
The five ETFs (collectively the “iShares Funds”)
are listed in the table below and are expected to begin trading on
the Toronto Stock Exchange (the “TSX”) today; the new iShares Funds
will be managed by BlackRock Asset Management Canada Limited
(“BlackRock Canada”), an indirect wholly-owned subsidiary of
BlackRock, Inc.
Fund Name |
Ticker |
Annual Management Fee |
iShares Core Canadian 15+ Year Federal Bond Index ETF |
XFLB |
0.15% |
iShares 20+ Year U.S. Treasury Bond Index ETF |
XTLT, XTLT.U |
0.18%1 |
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) |
XTLH |
0.18%1 |
iShares MSCI Emerging Markets ex China Index ETF |
XEMC |
0.30%1 |
iShares Global Electric and Autonomous Vehicles Index ETF |
XDRV |
0.39% |
Helen Hayes, Head of iShares Canada,
BlackRock:
“With the launch of these new ETFs, we’re
working to empower Canadian investors to take a more granular
approach to portfolio construction and enable financial advisors to
create highly customizable portfolios to help their clients reach
their investment objectives.”
________________________1 If applicable,
BlackRock Canada or an affiliate is entitled to receive a fee for
acting as manager of each ETF managed by BlackRock Canada or an
affiliate (“iShares ETF”) in which this iShares Fund may invest (an
“underlying product fee” and together with the management fee
payable to BlackRock Canada, the “total annual fee”). As the
underlying product fees are embedded in the market value of the
iShares ETFs in which this iShares Fund may invest, any underlying
product fees are borne indirectly by this iShares Fund. BlackRock
Canada will adjust the management fee payable to it by this iShares
Fund to ensure that the total annual fees paid directly or
indirectly to BlackRock Canada and its affiliates by this iShares
Fund will not exceed the percentage of the NAV set out above. The
total annual fee is exclusive of HST. Any underlying product fees
borne indirectly by this iShares Fund are calculated and accrued
daily and are paid not less than annually.
The iShares Core Canadian 15+ Year Federal Bond
Index ETF (XFLB) provides exposure to Government of Canada bonds
with remaining maturities of 15 years and greater. XFLB is
currently the only Canadian Federal Long Bond Index ETF which
contains federal bonds exclusively. This provides Canadian
investors pure exposure to an asset class typically considered a
strong hedge for Canadian equity exposure in periods of economic
uncertainty.
The iShares 20+ Year U.S. Treasury Bond Index
ETF (XTLT, XTLT.U) and iShares 20+ Year U.S. Treasury Bond Index
ETF (CAD-Hedged) (XTLH) each provide exposure to U.S. Treasury
bonds with remaining maturities greater than 20 years. XTLH seeks
to hedge any resulting U.S. dollar currency exposure back to
Canadian dollars. These launches compliment RBC iShares’ existing
suite of fixed income ETF solutions to provide an efficient,
transparent and easy way to empower investors to construct bond
portfolios.
The iShares MSCI Emerging Markets ex China Index
ETF (XEMC) provides exposure to securities of issuers located in
emerging markets, excluding China. XEMC is currently Canada’s first
emerging market equities ETF that omits China exposure, allowing
investors to take a tailored approach to their equity allocation
for the region.
The iShares Global Electric and Autonomous
Vehicles Index ETF (XDRV) provides exposure to securities of
issuers that could benefit from the development and adoption of
electric and autonomous vehicles, as determined by the index
provider. This launch is the latest addition to RBC iShares
expanding suite of Megatrends ETFs.
RBC iShares aims to help clients achieve their
investment objectives by empowering them to build efficient
portfolios and take control of their financial futures. RBC iShares
is committed to delivering a truly differentiated ETF experience
and positive outcomes for clients.
For more information about RBC iShares, please
visit https://www.rbcishares.com.
About BlackRock
BlackRock’s purpose is to help more and more
people experience financial well-being. As a fiduciary to investors
and a leading provider of financial technology, we help millions of
people build savings that serve them throughout their lives by
making investing easier and more affordable. For additional
information on BlackRock, please visit
www.blackrock.com/corporate.
About iShares ETFs
iShares unlocks opportunity across markets to
meet the evolving needs of investors. With more than twenty years
of experience, a global line-up of 1300+ exchange traded funds
(ETFs) and US$2.91 trillion in assets under management as of
December 31, 2022, iShares continues to drive progress for the
financial industry. iShares funds are powered by the expert
portfolio and risk management of BlackRock.
iShares® ETFs are managed by BlackRock Asset
Management Canada Limited.
About RBC Global Asset
Management
RBC Global Asset Management (RBC GAM) is the
asset management division of Royal Bank of Canada (RBC) and
includes money managers BlueBay Asset Management and Phillips,
Hager & North Investment Management. RBC GAM is a provider of
global investment management services and solutions to
institutional, high-net-worth and individual investors through
separate accounts, pooled funds, mutual funds, hedge funds,
exchange-traded funds and specialty investment strategies. The RBC
GAM group of companies manage approximately $525 billion in assets
and have approximately 1,500 employees located across Canada, the
United States, Europe and Asia.
RBC iShares ETFs are comprised of RBC ETFs
managed by RBC Global Asset Management Inc. and iShares ETFs
managed by BlackRock Asset Management Canada Limited. Commissions,
trailing commissions, management fees and expenses all may be
associated with investing in ETFs. Please read the relevant
prospectus before investing. ETFs are not guaranteed, their values
change frequently and past performance may not be repeated. Tax,
investment and all other decisions should be made, as appropriate,
only with guidance from a qualified professional.
® / TM Trademark(s) of Royal Bank of Canada.
Used under license. iSHARES is a registered trademark of BlackRock,
Inc., or its subsidiaries in the United States and elsewhere. Used
under license. © 2022 BlackRock Asset Management Canada Limited and
RBC Global Asset Management Inc. All rights reserved.
Contact for Media: Reem Jazar
Email: reem.jazar@blackrock.com
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