Today, RBC iShares announced the expansion of its exchange traded
funds (“ETF”) lineup with the launch of a new class of U.S. dollar
denominated units (“USD Units”) for ten existing ETFs (collectively
the “iShares ETFs”) which supplement the existing Canadian dollar
denominated units (“CAD Units”) of these iShares ETFs. The
iShares ETFs which will offer USD Units are listed in the table
below and are managed by BlackRock Asset Management Canada Limited
(“BlackRock Canada”), an indirect wholly-owned subsidiary of
BlackRock, Inc.
Purchases and sales of USD Units on the TSX, and
payment of cash distributions, subscriptions, exchange proceeds and
redemption proceeds, will generally be made in U.S. dollars. An
amendment to the prospectus of the ETFs dated September 16, 2019
was filed with the securities regulatory authorities in each
province and territory in Canada.
iShares Core S&P 500 Index ETF and iShares
Core MSCI EAFE IMI Index ETF have now closed the initial offering
of their USD Units and the USD Units are expected commence trading
on the TSX when the market opens today. The remaining iShares ETFs
are expected to commence trading in the USD Units on the TSX when
the markets open on October 28, 2019.
iShares ETF Name |
CAD Units Ticker |
USD Units Ticker |
TSX Trading Date |
iShares Core S&P 500 Index ETF |
XUS |
XUS.U |
October 15, 2019 |
iShares Core MSCI EAFE IMI Index ETF |
XEF |
XEF.U |
October 15, 2019 |
iShares Core S&P U.S. Total Market Index ETF |
XUU |
XUU.U |
October 28, 2019 |
iShares Core MSCI Emerging Markets IMI Index ETF |
XEC |
XEC.U |
October 28, 2019 |
iShares Core MSCI All Country World ex Canada Index ETF |
XAW |
XAW.U |
October 28, 2019 |
iShares Core MSCI US Quality Dividend Index ETF |
XDU |
XDU.U |
October 28, 2019 |
iShares Core MSCI Global Quality Dividend Index ETF |
XDG |
XDG.U |
October 28, 2019 |
iShares S&P U.S. Mid-Cap Index ETF |
XMC |
XMC.U |
October 28, 2019 |
iShares Edge MSCI Min Vol USA Index ETF |
XMU |
XMU.U |
October 28, 2019 |
iShares Edge MSCI Multifactor USA Index ETF |
XFS |
XFS.U |
October 28, 2019 |
For more information about the RBC iShares ETF
suite, investors and advisors are invited to visit
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, our clients turn to
us for the solutions they need when planning for their most
important goals. As of June 30, 2019, the firm managed
approximately US$6.84 trillion in assets on behalf of investors
worldwide. For additional information on BlackRock, please
visit www.blackrock.com/ca | Twitter: @BlackRockCA |
LinkedIn: www.linkedin.com/company/blackrock. About
iShares
iShares unlocks opportunity across markets to
meet the evolving needs of investors. With more than twenty years
of experience, a global line-up of 900+ ETFs and US$2 trillion in
assets under management as of June 30, 2019, iShares continues to
drive progress for the financial industry. iShares funds are
powered by the expert portfolio and risk management of BlackRock,
trusted to manage more money than any other investment firm1.
About RBC Global Asset
Management
RBC Global Asset Management (RBC GAM) is the
asset management division of Royal Bank of Canada (RBC) and
includes institutional 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 $450 billion in assets
and have approximately 1,400 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.
Standard & Poor’s® and S&P® are
registered trademarks of Standard & Poor’s Financial Services
LLC (“S&P”). All of the foregoing trademarks have been licensed
to S&P Dow Jones Indices LLC and sublicensed for certain
purposes to BlackRock Fund Advisors (“BFA”), which in turn has
sub-licensed these marks to its affiliate, BlackRock Canada on
behalf of the applicable ETF. The indexes are a product of S&P
Dow Jones Indices LLC, and have been licensed for use by BFA and by
extension, BlackRock Canada and the applicable ETF. The ETFs are
not sponsored, endorsed, sold or promoted by S&P Dow Jones
Indices LLC, Dow Jones, S&P, any of their respective affiliates
(collectively known as “S&P Dow Jones Indices”), or any of
their respective affiliates. S&P Dow Jones Indices does not
make any representations regarding the advisability of investing in
such ETFs.
MSCI and EAFE are trademarks of MSCI, Inc.
(“MSCI”). XEF, XEC, XAW, XDU, XDG, XMU and XFS are permitted
to use the MSCI mark and, as applicable, the EAFE mark pursuant to
a license agreement between MSCI and BlackRock Institutional Trust
Company, N.A. (“BTC”), relating to, among other things, the license
granted BTC to use the indices. BTC has sublicensed the use of
these trademarks to BlackRock Canada. XEF, XEC, XAW, XDU,
XDG, XMU and XFS are not sponsored, endorsed, sold or promoted by
MSCI and MSCI makes no representation, condition or warranty
regarding the advisability of investing in XEF, XEC, XAW, XDU, XDG,
XMU and XFS.
® / TM Trademark(s) of Royal Bank of Canada.
Used under licence. iSHARES is a registered trademark of BlackRock,
Inc., or its subsidiaries in the United States and elsewhere. Used
under licence. © 2019 BlackRock Asset Management Canada Limited and
RBC Global Asset Management Inc. All rights reserved.
For more information, please contact:
Maeve Hannigan, BlackRock Communications, 416-564-1540,
maeve.hannigan@blackrock.com
1 Based on US$6.84 trillion in AUM as of 6/30/19.
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