RBC iShares Expands its Fixed Income Lineup with the addition of Five Fixed Income ETFs
July 12 2021 - 6:00AM
Today, RBC iShares expanded its exchange traded fund (“ETF”) lineup
with the launch of five new fixed income ETFs.
The five ETFs (collectively the “iShares ETFs”)
are listed in the table below and are expected to begin trading on
the Toronto Stock Exchange (the “TSX”) today; the new iShares ETFs
will be managed by BlackRock Asset Management Canada Limited
(“BlackRock Canada”), an indirect wholly-owned subsidiary of
BlackRock, Inc. All iShares ETFs offer one class of Canadian dollar
denominated units (“CAD Units”) and certain iShares ETFs, as
identified in the table below, also offer a class of U.S. dollar
denominated units (“USD Units”).
Purchases and sales of CAD Units and USD Units
on the TSX, and payment of cash distributions, subscriptions,
exchange proceeds and redemption proceeds, will generally be made
in Canadian dollars and U.S. dollars, respectively.
Steven Leong, Head of iShares Product,
BlackRock Canada:
“With the launch of these new ETFs, RBC iShares
continues to deliver high quality fixed income strategies to
support portfolio construction, helping advisors and investors meet
their long-term investment objectives. With both low interest rates
and inflation top of mind today, these new ETFs give investors
additional tools to diversify their fixed income portfolios,
enabling easy access to U.S. corporate bonds and inflation-linked
bonds.”
The addition of the iShares ETFs further
broadens RBC iShares’ breadth of cost-competitive U.S. fixed income
exposures, by providing advisors and investors with the ability to
invest in currency hedged, non-hedged, and U.S. dollar denominated
units. RBC iShares aims to help clients achieve their investing
goals by empowering them to pursue better ways to invest and take
control of their financial futures. RBC iShares is committed to
delivering a truly differentiated ETF experience and positive
outcomes for clients.
The iShares U.S. IG Corporate Bond Index ETF,
iShares 1-5 Year U.S. IG Corporate Bond Index ETF and iShares 1-5
Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) provide exposure
to the U.S. dollar-denominated investment grade corporate bond
market. The iShares 0-5 Year TIPS Bond Index ETF and iShares 0-5
Year TIPS Bond Index ETF (CAD-Hedged) provide exposure to
inflation-indexed U.S. Treasury bonds with remaining maturities of
less than five years.
Fund Name |
CAD Units Ticker |
USD Units Ticker |
Annual Management Fee1 |
iShares U.S. IG Corporate Bond Index ETF |
XCBU |
XCBU.U |
0.30% |
iShares 1-5 Year U.S. IG Corporate Bond Index ETF |
XSHU |
XSHU.U |
0.15% |
iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) |
XIGS |
N/A |
0.15% |
iShares 0-5 Year TIPS Bond Index ETF |
XSTP |
XSTP.U |
0.15% |
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) |
XSTH |
N/A |
0.15% |
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, we help millions of
people build savings that serve them throughout their lives by
making investing easier and more affordable. For additional
information on BlackRock, please visit www.blackrock.com/corporate
| Twitter: @BlackRockCA.
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$2.81 trillion in assets under management as of March
31, 2021, iShares continues to drive progress for the financial
industry. iShares funds are powered by the expert portfolio and
risk management of BlackRock.
iShares ETFs are managed by BlackRock Asset
Management Canada Limited. About RBC Global
Asset Management
RBC Global Asset Management (RBC GAM) is the
asset management division of Royal Bank of Canada (RBC) and
includes 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 $550 billion in assets
and have approximately 1,500 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 license. iSHARES is a registered trademark of BlackRock,
Inc., or its subsidiaries in the United States and elsewhere. Used
under license. © 2021 BlackRock Asset Management Canada Limited and
RBC Global Asset Management Inc. All rights reserved.
For more information, please
contact:
Grace Christus, BlackRock Communications, 1 646
231 8710
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.
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