Today, RBC iShares expands its exchange traded fund (“ETF”) lineup
with the launch of four iShares Megatrends ETFs.
The four 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.
Fund Name |
Ticker |
AnnualManagementFee |
iShares Exponential Technologies Index ETF |
XEXP |
0.39% |
iShares Global Clean Energy Index ETF |
XCLN |
0.35%1 |
iShares Genomics Immunology and Healthcare Index ETF |
XDNA |
0.39% |
iShares Cybersecurity and Tech Index ETF |
XHAK |
0.39% |
Steven Leong, Head of iShares Product,
BlackRock Canada:
“With the launch of these new ETFs, RBC iShares
continues to deliver high quality, growth focused strategies to
support portfolio construction, helping advisors and investors meet
their long-term investment objectives. These new ETFs give
investors additional tools to diversify their portfolios, enabling
easy access to megatrends which we believe are powerful,
transformative forces that can change the trajectory of the global
economy by shifting the priorities of societies, driving innovation
and redefining business models.”
Mark Neill, Head of RBC ETFs, RBC Global
Asset Management
Inc.:
“Since the launch of RBC iShares three years
ago, we have been committed to providing Canadian investors and
advisors with an unparalleled suite of ETFs to help them meet their
evolving needs, by leveraging the expertise of two leading global
asset managers. The addition of Megatrends ETFs is another
milestone that reflects this commitment, and further demonstrates
the strength of the RBC iShares strategic alliance.”
________________________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.
Capturing long-term forces shaping our
future
The launch of RBC iShares Megatrends ETFs
provides Canadian investors access to the long-term,
transformational forces influencing the future of our global
economy and society. These exposures seek to capture
transformational trends that have not yet reached their full
potential.
The iShares Exponential Technologies Index ETF
(XEXP) provides exposure to securities of issuers that create or
use exponential technologies, as determined by the index provider,
driving progress in the tech sector and beyond.
The iShares Global Clean Energy Index ETF (XCLN)
provides exposure to securities of issuers that are involved in the
clean energy sector or generate clean power, as determined by the
index provider.
The iShares Genomics Immunology and Healthcare
Index ETF (XDNA) provides exposure to securities of issuers that
could benefit from the long-term growth and innovation in genomics,
immunology and bioengineering, as determined by the index
provider.
The iShares Cybersecurity and Tech Index ETF
(XHAK) provides exposure to securities of issuers that are involved
in cyber security and technology, as determined by the index
provider.
RBC iShares aims to help clients achieve their
investment objectives by empowering them to build efficient
portfolios and take control of their financial futures. RBC iShares
is committed to delivering a truly differentiated ETF experience
and positive outcomes for clients.
For more information about RBC iShares, please
visit https://www.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, 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$3.15 trillion in assets under management as of March
31, 2022, 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 $580 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. © 2022 BlackRock Asset Management Canada Limited and
RBC Global Asset Management Inc. All rights reserved.
For more information, please
contact:
Reem Jazar, BlackRock Communications, 1
416 919 9347
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