Welcome!

News Feed Item

IShares Adds Low-Cost Access to Short Duration, High Quality Bonds to the Core Series for Canadian Investors with XSQ

The iShares Core Series for Canadian Investors Leads in Market Flows Since Launch

TORONTO, ONTARIO -- (Marketwired) -- 07/21/14 -- (TSX:XSQ)(TSX:XIC)(TSX:XEI)(TSX:XSH)(TSX:XQB)(TSX:XQB.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), announced the addition of the iShares Core Short Term High Quality Canadian Bond Index ETF (XSQ) to its Core Series. On the heels of the successful launch of the iShares Core Series for Canadian investors earlier this year, this new fund will deepen the fixed income opportunities within the Core Series by offering investors low-cost exposure to high quality, liquid, short duration Canadian bonds (1-5 years), with a credit rating of A or higher. XSQ has an annual management fee of 0.12%. XSQ has now closed the initial offering of its units which will be available for trading on the TSX when the market opens today.

"In an environment where rising rates are on the horizon, investors are reconsidering how best to access bonds," said Noel Archard, Managing Director, Head of BlackRock Canada. "With the addition of XSQ to our iShares Core Series, Canadian investors will have low-cost access to high quality short duration bonds that are well-suited for the long term as well as for managing against this potential risk."

High Quality Bond Exposure for the Core of the Portfolio

Similar to the iShares Core High Quality Canadian Bond Index ETF (XQB),(1) which is also part of the iShares Core Series, XSQ will provide diversified bond exposure with a weighting of 60 per cent government bonds and 40 per cent corporate bonds. While XQB covers the universe, XSQ will capture the short end of the Canadian bond universe by seeking to replicate, to the extent possible, the performance of the FTSE TMX Canada Liquid Short Term Capped Bond Index. Both XSQ and XQB provide investors with exposure to higher credit quality bonds without a large sacrifice in yield relative to comparable market cap weighted portfolios that include lower rated securities across their respective duration profiles.

iShares Core Series Leads Industry Flows

As the ETF market leader, with a 15-year history in ETFs in Canada and over $44.4 billion in assets under management, BlackRock Canada is launching XSQ on the heels of its successful iShares Core Series initiative that was launched in March. The iShares Core Series, a suite of nine, now 10, low-cost funds that cover the key assets classes used by Canadian investors in their portfolios today, has effectively captured 46% flows across the respective asset classes since launch(2).

"At BlackRock we continue to look for ways to build upon the success of our iShares Core Series designed with Canadian investors in mind and deliver products that speak to the evolving needs of investors," said Archard. "The addition of diversified, short duration bond exposure to the iShares Core Series with XSQ is one step further in that direction."

Designed to Make Investing Simpler, Easier and More Efficient

BlackRock Canada is committed to making it easier for investors to reach their goals. As the ETF universe continues to evolve and become more complex, the iShares Core Series for Canadian investors was designed to make it easier for the long-term investor to identify the investments suitable for the core of their portfolio. To further strengthen this effort, effective July 16, 2014, the funds in the Core Series have been renamed to include "Core" directly in the fund name, as set out below.


----------------------------------------------------------------------------
Ticker                     Former Fund Name                    New Fund Name
----------------------------------------------------------------------------
           iShares S&P/TSX Capped Composite      iShares Core S&P/TSX Capped
XIC                               Index ETF              Composite Index ETF
----------------------------------------------------------------------------
              iShares S&P/TSX Equity Income   iShares Core S&P/TSX Composite
XEI                               Index ETF          High Dividend Index ETF
----------------------------------------------------------------------------
              iShares High Quality Canadian        iShares Core High Quality
XQB                          Bond Index ETF          Canadian Bond Index ETF
----------------------------------------------------------------------------
                iShares Canadian Short Term iShares Core Canadian Short Term
XSH        Corporate + Maple Bond Index ETF Corporate + Maple Bond Index ETF
----------------------------------------------------------------------------
            iShares Canadian Long Term Bond  iShares Core Canadian Long Term
XLB                               Index ETF                   Bond Index ETF
----------------------------------------------------------------------------
XUS               iShares S&P 500 Index ETF   iShares Core S&P 500 Index ETF
----------------------------------------------------------------------------
            iShares S&P 500 Index ETF (CAD-   iShares Core S&P 500 Index ETF
XSP                                 Hedged)                    (CAD- Hedged)
----------------------------------------------------------------------------
                                            iShares Core MSCI EAFE IMI Index
XEF         iShares MSCI EAFE IMI Index ETF                              ETF
----------------------------------------------------------------------------
          iShares MSCI Emerging Markets IMI       iShares Core MSCI Emerging
XEC                               Index ETF            Markets IMI Index ETF
----------------------------------------------------------------------------

Effective July 21, 2014, the TSX ticker symbols for the Common Units and the Advisor Class Units of the iShares Core High Quality Canadian Bond Index ETF have also changed as set forth below.


----------------------------------------------------------------------------
Class of Units        Former TSX Ticker Symbol         New TSX Ticker Symbol
----------------------------------------------------------------------------
Common Units                               CAB                           XQB
----------------------------------------------------------------------------
Advisor Class                                                               
 Units                                   CAB.A                         XQB.A
----------------------------------------------------------------------------

Further information on the iShares funds can be found at iShares.ca.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2014, BlackRock's AUM was US$4.594 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 June 30, 2014, the firm had approximately 11,600 employees in more than 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.

(1) Formerly iShares High Quality Canadian Bond Index ETF (CAB). See below for further details.

(2) Source: Internal research, BlackRock Canada, as of June 30, 2014.

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
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.