Welcome!

News Feed Item

iShares Offers Canadian Investors Exposure to the S&P/TSX Capped Composite Index at 5 BPS

iShares Launches Core Series: A Suite of Low-Cost Funds Designed for the Foundation of Canadian Investors' Portfolios

TORONTO, ONTARIO -- (Marketwired) -- 03/24/14 -- (TSX:XIC)(TSX:XEI)(TSX:XSH)(TSX:CAB)(TSX:CAB.A)(TSX:XLB)(TSX:XSP)(TSX:XUS)(TSX:XEF)(TSX:XEC)

iShares, the industry-leading exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), today announced the launch of the iShares Core Series for Canadian investors. As part of this launch the annual management fee on its iShares S&P/TSX Capped Composite Index ETF(i) (XIC) will be lowered to 0.05%, making Canada's benchmark-of-choice available at a very attractive low price. With $1.37 billion in assets under management (as of 03/21/14) and a 13-year track record of reliably delivering Canadian equity exposure, XIC is the low-cost flagship among a total of nine existing iShares funds in the iShares Core Series. BlackRock Canada has announced reductions to the annual management fees payable as a percentage of net asset value for all of the funds in the iShares Core Series, now ranging from 0.05% - 0.25% depending on the fund, effective as of March 25, 2014, described in the table below.

As the ETF market leader, with a 15 year history in ETFs in Canada and over $42 billion in AUM, the launch of the iShares Core Series signals another great step in our commitment to serving the needs of investors. The iShares Core Series is a suite of low-cost funds specifically designed for the long-term needs of today's investors by combining competitive pricing with diversified products using established index providers. The suite of funds cover key asset classes used by Canadian investors in their portfolios today, including Canadian equities, dividends and bonds, as well as U.S. and international equities.

"As we look to build on BlackRock's leadership position in Canada, we are taking another step to bolster our value proposition for investors," said Noel Archard, Managing Director, Head of BlackRock Canada. "We have brought the benefits of our global scale to an iShares Core Series in Canada, a low-cost range of key investment exposures for long-term investors."

iShares Core Series: Low-Cost, Core Exposures for Canadian Investors' Asset Allocation Needs

"iShares funds are used by individual investors, advisors, and institutions to express their views," said Mary Anne Wiley, Managing Director, Head of iShares Canada. "Our iShares Core Series provides all of these investors with the opportunity to efficiently create the core of their portfolio and execute their investment strategies."

With greater choice and diversity of products in the evolving ETF marketplace, Canadian investors are becoming increasingly savvy at using ETFs to meet their asset allocation strategies. Especially when it comes to their long-term core holdings, they are looking for any advantage to grow their wealth over time. Now, with new pricing on the iShares Core Series of nine iShares funds, BlackRock Canada is providing retail investors and their advisors with significant price flexibility as they implement their core asset allocation strategies more affordably - all backed by the quality, liquidity and transparency that has made iShares the Canadian ETF market leader.

At BlackRock, we believe investors should strengthen the core of their portfolios with low-cost, efficient products such as the iShares Core Series and complement their asset allocation strategies with outcome-based solutions designed to address more specific needs, from earning income in retirement to capitalizing on short-term market opportunities.

A growing number of institutional investors are already adopting this approach as they realize the benefits of ETFs as efficient, liquid building blocks to execute their investment strategies. A recent Greenwich Associates survey1 found that ETFs, while still popular for short-term tactical allocations such as cash equitization and manager transitions, are increasingly being used by institutions for strategic applications such as building liquidity overlays to core holdings. In fact, according to the Greenwich survey, the percentage of institutions using ETFs in this way has risen from just 3% in 2010 to 31% in 2013 - a dramatic 1,000% increase. Institutions are also using ETFs more and more as part of their "active beta" strategies, in which the funds allow them to execute highly targeted, outcome-based allocations.

Now, with the launch of the iShares Core Series, BlackRock is making this approach to ETF investing more broadly and more efficiently available to all investors - from institutions to retail investors.

"As more and more investors turn to ETFs for the diversification and exposures they seek in the core of their portfolios, we saw the opportunity to offer a cost-effective suite of funds that provide the professional quality you expect from iShares," added Wiley. "We believe that every investor is unique, and with this focused suite of funds, investors have the opportunity to match their long-term core holdings to their individual needs and still have the flexibility to complement them with more specialized ETFs that suit their specific objectives."

TABLE: Led by XIC, the iShares Core Series, a suite of newly priced ETFs is designed to meet the long-term needs of investors as they build the core positions of their portfolios and execute their asset allocation strategies.


----------------------------------------------------------------------------
iShares Fund                     Ticker        Current       Management Fee 
                                        Management Fee  (Effective 03/25/14)
----------------------------------------------------------------------------
Canadian Equity:                                                            
----------------------------------------------------------------------------
iShares S&P/TSX Capped                                                      
Composite Index ETF(i)              XIC          0.25%                 0.05%
----------------------------------------------------------------------------
iShares S&P/TSX Equity                                                      
Income Index ETF(i)                 XEI          0.55%                 0.20%
----------------------------------------------------------------------------
Canadian Fixed Income:                                                      
----------------------------------------------------------------------------
iShares Canadian Short Term                                                 
Corporate + Maple Bond                                                      
Index ETF(i)                        XSH          0.25%                 0.12%
----------------------------------------------------------------------------
iShares High Quality                                                        
Canadian Bond Index ETF+/-          CAB          0.30%                 0.12%
----------------------------------------------------------------------------
iShares Canadian Long Term                                                  
Bond Index ETF(i)                   XLB          0.35%                 0.18%
----------------------------------------------------------------------------
International Equity:                                                       
----------------------------------------------------------------------------
iShares S&P 500 Index ETF                                                   
(CAD-Hedged)(i)beta                 XSP    up to 0.22%                 0.10%
----------------------------------------------------------------------------
iShares S&P 500 Index ETF           XUS          0.14%                 0.10%
----------------------------------------------------------------------------
iShares MSCI EAFE IMI Index                                                 
ETF                                 XEF          0.30%                 0.20%
----------------------------------------------------------------------------
iShares MSCI Emerging                                                       
Markets IMI Index ETF               XEC          0.35%                 0.25%
----------------------------------------------------------------------------

(i) In addition, the iShares funds changed their names effective March 25, 2014 in order to replace the word "Fund" with "ETF" and/or to reflect changes to the name of their underlying index.

+/- The advisor class of the iShares High Quality Canadian Bond Index ETF with the ticker CAB.A has also changed its annual management fee to 0.12% from its current annual management fee of 0.30%.

beta In connection with the significant reduction of its annual management fee, the fee structure of the iShares S&P 500 Index ETF (CAD-Hedged) (XSP) will be changed effective March 25, 2014 from its current fee structure to a total annual fee structure, such that the total annual fees paid directly to BlackRock Canada and indirectly to any of its affiliates in connection with any underlying funds in which XSP may invest, will not exceed the annual management fee set out in the table above. Previously, the annual management fee payable in relation to XSP represented the sum of a variable underlying product fee paid to an affiliate of BlackRock Canada and a fixed management fee payable to BlackRock Canada.

1. Greenwich Report, "Versatility Fuels ETF Growth in Canadian Institutional Portfolio", Q2 2013

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2013, BlackRock's AUM was US$4.324 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of December 31, 2013, the firm has approximately 11,400 employees in 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com

About iShares ETFs

The iShares business is a global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares funds are bought and sold like common stocks on securities exchanges. The iShares funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell securities through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and individual investors.

iShares Funds are managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares Funds. Please read the relevant prospectus before investing. The funds 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.

© 2014 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES® and BLACKROCK® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.