RBC iShares Expands Asset Allocation ETF Offering with the Introduction of Three iShares ETFs
August 13 2019 - 8:00AM
Today, RBC iShares expanded its asset allocation exchange traded
fund (“ETF”) lineup with the launch of three iShares Core ETF
Portfolios. The three ETFs are expected to begin trading on the
Toronto Stock Exchange today; the new funds will be managed by
BlackRock Asset Management Canada Limited (“BlackRock Canada”), an
indirect wholly-owned subsidiary of BlackRock, Inc.
Pat Chiefalo, Managing Director, Head of
iShares, BlackRock Canada:
“We know investing can be complicated, but it
doesn’t have to be. Since launching our iShares Core ETF
Portfolios, Canadian investors and advisors have shown tremendous
enthusiasm for our one-ticket multi-asset ETF solutions.
Recognizing that each investor is unique, we’re excited to add
three ETFs to the suite, to help meet the range of investors' goals
and risk profiles. ETFs were originally created to help simplify
the investment process, these ETF portfolios build upon that idea,
by providing a low-cost, diversified investment solution in one
simple package.”
Simple is Smart
To help enable investors reach their financial
goals by providing more choice for different risk profiles, today’s
announcement expands the iShares Core ETF Portfolio offering to now
include five funds in the multi-asset suite; the new ETFs now offer
equity, income balanced and conservative balanced strategies, each
in one simple package. Leveraging BlackRock’s expertise, each ETF
is designed to allow investors and advisors to gain low-cost
exposure to a portfolio of iShares ETFs, that is broadly
diversified by asset class and region, and is regularly monitored
and rebalanced, as needed, to maintain its respective asset class
targets.
Fund Name |
Ticker |
Management Fee |
iShares Core Income Balanced ETF Portfolio |
XINC |
0.18% |
iShares Core Conservative Balanced ETF Portfolio |
XCNS |
0.18% |
iShares Core Equity ETF Portfolio |
XEQT |
0.18% |
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+ exchange traded funds
(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.
1 Based on US$6.84 trillion in AUM as of
6/30/19
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 $430 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.
® / 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
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