Today, RBC iShares expanded its Smart Beta lineup with the launch
of five U.S. single factor exchange traded funds (“ETF”); each ETF
offers exposure to a distinct style of investing – Quality,
Momentum, Value, and Size. The five ETFs (collectively the
“iShares Factor ETFs”) are listed in the table below and are
expected to begin trading on the Toronto Stock Exchange today; the
new iShares Factor ETFs will be managed by BlackRock Asset
Management Canada Limited (“BlackRock Canada”), an indirect
wholly-owned subsidiary of BlackRock, Inc.
Fund Name |
Ticker |
Management Fee1 |
iShares Edge MSCI USA Quality Factor Index ETF |
XQLT |
0.30 |
% |
iShares Edge MSCI USA Momentum Factor Index ETF |
XMTM |
0.30 |
% |
iShares Edge MSCI USA Value Factor Index ETF |
XVLU |
0.30 |
% |
iShares S&P U.S. Small-Cap Index ETF |
XSMC |
0.20 |
% |
iShares S&P U.S. Small-Cap Index ETF (CAD-Hedged) |
XSMH |
0.20 |
% |
The iShares Factor ETFs will allow investors to
implement their market views, tilt portfolios, and diversify risk,
using persistent long-term drivers of returns long employed in
portfolio construction. XQLT, XMTM, and XVLU track indices which
measure the performance of securities in their corresponding broad
market benchmarks that exhibit higher quality, risk-adjusted price
momentum, and value characteristics, respectively, as determined by
the index provider. The addition of XSMC and XSMH further
broadens RBC iShares’ comprehensive range of U.S. equity exposures,
including total market, and large, mid, and small-capitalization
exposure. The two new funds, XSMC and XMSH, will provide investors
with low-cost access to the small-capitalization segment of the
U.S. equity market.
Today’s launch complements iShares’ existing
factor lineup, which includes the Minimum Volatility and
Multi-Factor series of ETFs, products designed to reduce risk,
enhance investment returns, and add diversification. Globally,
iShares Smart Beta products have US$156 billion in assets under
management, as investors seek transparent, low-cost ways to manage
risk and capture return potential.
Pat Chiefalo, Managing Director, Head of
iShares, BlackRock Canada:
“We know that modern portfolio construction is
evolving as investors increasingly look across a range of
strategies to achieve their investment objectives. Factor investing
is playing a crucial part in this evolution, as advancements in
data and technology have made it easier for investors to implement
their views on the areas of the market they believe will
outperform, in a low-cost, transparent way. We believe the launch
of these five U.S. single factor ETFs will deliver more optionality
to help investors achieve those goals.”
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 firm2.
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.
MSCI is a trademark of MSCI, Inc. (“MSCI”).
XQLT, XMTM and XVLU are permitted to use the MSCI mark pursuant to
a license agreement between MSCI and BlackRock Institutional Trust
Company, N.A., relating to, among other things, the license granted
to BlackRock Institutional Trust Company, N.A. to use the indexes.
BlackRock Institutional Trust Company, N.A. has sublicensed the use
of this trademark to BlackRock Canada. XQLT, XMTM and XVLU are not
sponsored, endorsed, sold or promoted by MSCI and MSCI makes no
representation, condition or warranty regarding the advisability of
investing in XQLT, XMTM and XVLU.
The S&P SmallCap 600 Index and the S&P
SmallCap 600 Index (CAD-Hedged) are products of S&P Dow Jones
Indices LLC, or its affiliates (“SPDJI”), and has been licensed for
use by BlackRock Fund Advisors. Standard & Poor’s® and S&P®
are registered trademarks of Standard & Poor’s Financial
Services LLC, a division of S&P Global (“S&P”) and have
been sublicensed for certain purposes by BlackRock Fund Advisors to
BlackRock Canada. The Units of XSMC and XSMH are not sponsored,
endorsed, sold or promoted by SPDJI and SPDJI does not make any
representation regarding the advisability of investing in such
products nor do they have any liability for any errors, omissions,
or interruptions of the S&P SmallCap 600 Index or the S&P
SmallCap 600 Index (CAD-Hedged).
® / 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 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
ETF 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 ETF may invest, any
underlying product fees are borne indirectly by this ETF. BlackRock
Canada will adjust the management fee payable to it by this ETF to
ensure that the total annual fees paid directly or indirectly to
BlackRock Canada and its affiliates by this ETF will not exceed the
percentage of the net asset value set out in this table. The total
annual fee is exclusive of HST. Any underlying product fees borne
indirectly by this ETF are calculated and accrued daily and are
paid not less than annually.
2 Based on US$6.84 trillion in AUM as of 6/30/19
BlackRock (NYSE:BLK)
Historical Stock Chart
From Mar 2024 to Apr 2024
BlackRock (NYSE:BLK)
Historical Stock Chart
From Apr 2023 to Apr 2024