BlackRock, Inc. (NYSE: BLK) today announced that its iShares product range, the global leader in exchange traded funds (ETFs), has launched six new funds in Canada, offering investors increased access to emerging market countries and U.S. fixed income markets.
The six new funds include:
iShares MSCI Brazil Index Fund (TSX: XBZ), iShares S&P Latin America Full lace wigs 40 Index Fund (TSX: XLA), the iShares CNX Nifty India Index Fund (TSX: XID), iShares China Index Fund (TSX: XCH), the iShares U.S. IG Corporate Bond Index Fund (CAD-Hedged) (TSX: XIG) and the iShares U.S. High Yield Bond Index Fund (CAD-Hedged) (TSX: XHY). These funds are managed by BlackRock Asset Management Canada Limited and they will begin trading on the Toronto Stock Exchange today.
"As markets continue to stabilize, investors are revisiting their risk threshold" said Heather Pelant, Managing Director, head of iShares Canada at BlackRock Asset Management Canada Limited.
"Four of our funds offer a cost-efficient way of gaining targeted exposure to growth-oriented emerging market countries. The US bond ETFs address investors' needs for more sophisticated income generating products. They join our comprehensive suite of iShares ETFs, which are recognized by our clients and the industry for their precision, quality and effectiveness in tracking the underlying asset class or market exposure."
The six new iShares ETFs include:
- The iShares MSCI Brazil Index Fund (TSX: XBZ), with a management ratio of 0.75%, and which seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI Brazil Index, net of expenses.- The iShares S&P Latin America 40 Index Fund (TSX: XLA), with a management ratio of 0.65%, and which seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the Clip in human hair extensions S&P Latin America 40 Index, net of expenses.- The iShares CNX Nifty India Index Fund (TSX: XID), with a management ratio of 0.98%, and which seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P CNX Nifty Index, net of expenses.- The iShares China Index Fund (TSX: XCH), with a management ratio of 0.85%, and which seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the FTSE/Xinhua China 25 Index, net of expenses.- The iShares U.S. IG Corporate Bond Index Fund (CAD-Hedged) (TSX: XIG), with a management ratio of 0.30%, and which seeks to provide income by replicating, to the extent possible, the performance of an index which is a diversified representation of the USD-denominated investment grade corporate bond market, net of expenses. XIG intends to hedge any currency exposure to the U.S. dollar to Canadian dollars. Currently, XIG seeks to replicate the performance of the Markit iBoxx USD Liquid Investment Grade Index.- The iShares U.S. High Yield Bond Index Fund (CAD-Hedged) (TSX: XHY), with a management ratio of 0.60%, and which seeks to provide income by replicating, to the extent possible, the performance of an index which is a diversified representation of the USD-denominated high yield corporate bond market, net of expenses. XHY intends to hedge any currency exposure to the U.S. dollar to Canadian dollars. Currently, XHY seeks to replicate the performance of the Markit iBoxx USD Liquid High Yield Index.
For more information about the new iShares funds, please visit . All other inquiries: 1-866-iShares (1-866-474-2737) or email .
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