BlackRock(R) Canada Launches Two New iShares(R) Global Sector ETFs
April 02 2013 - 7:30AM
Marketwired
Today BlackRock Asset Management Canada Limited (BlackRock Canada),
an indirect, wholly-owned subsidiary of BlackRock, Inc., announced
that its iShares business will launch two global sector exchange
traded funds (ETFs) in the Canadian marketplace. The iShares
S&P Global Industrials Index Fund (CAD-Hedged) (TSX:XGI) and
iShares S&P Global Consumer Discretionary Index Fund
(CAD-Hedged) (TSX:XCD) will begin trading on the Toronto Stock
Exchange today. They will also be available to Sun Life Global
Investments within several of their mutual funds that are
sub-advised by BlackRock.
This new fund launch speaks to the success of incorporating
iShares in the Sun Life BlackRock mutual funds. "In less than two
years, the Sun Life BlackRock funds have secured more than $800
million in assets," said Greg Walker, Managing Director, Head of
iShares Institutional Business at BlackRock Canada. "This success
highlights that the industry is continuing to recognize the
benefits ETFs can bring to investment portfolios and as proof more
and more asset managers like Sun Life Global Investments are using
ETFs as an important component of their own active asset allocation
strategies."
In April 2011, BlackRock partnered with Sun Life Global
Investments to bring to market two Canadian mutual funds-comprised
of index strategies and iShares ETFs-which have drawn on the strong
approach to risk management of both Sun Life Global Investments and
BlackRock. This partnership has given clients the opportunity to
improve asset allocation and reduce portfolio risk. The launch of
these two new ETFs should contribute further to the success of the
Sun Life Global Investments BlackRock funds.
"It's great to see that our Sun Life Global Investments
BlackRock funds are being embraced by our clients. With these two
additional ETF products, our funds will be able to offer greater
portfolio diversification," said Rick Headrick, President, Sun Life
Global Investments. "Our clients recognize the benefit that our
funds deliver by combining a core allocation to Canadian holdings
along with a complementary global sector exposure to provide
diversification."
For more information about the new iShares funds, please visit
www.iShares.ca.
All other inquiries: 1-866-iShares (1-866-474-2737) or email
iSharesCanada@blackrock.com.
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At December 31, 2012, BlackRock's AUM was $3.792
trillion. BlackRock offers products that span the risk spectrum to
meet clients' needs, including active, enhanced and index
strategies across markets and asset classes. Products are offered
in a variety of structures including separate accounts, mutual
funds, iShares® (exchange traded funds), and other pooled
investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®.
Headquartered in New York City, as of December 31, 2012, the firm
has approximately 10,500 employees in 30 countries and a major
presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. For
additional information, please visit the Company's website at
www.blackrock.com.
About iShares
iShares is the global product leader in exchange traded funds
with over 600 funds globally across equities, fixed income and
commodities, which trade on 20 exchanges worldwide. The iShares
Funds are bought and sold like common stocks on securities
exchanges. The iShares Funds are attractive to many individual and
institutional investors and financial intermediaries because of
their relative low cost, tax efficiency and trading flexibility.
Investors can purchase and sell shares through any brokerage firm,
financial advisor, or online broker, and hold the funds in any type
of brokerage account. The iShares customer base consists of the
institutional segment of pension plans and fund managers, as well
as the retail segment of financial advisors and high net worth
individuals.
iShares® Funds are managed by BlackRock Asset Management Canada
Limited. Commissions, management fees and expenses all may be
associated with investing in iShares Funds. Please read the
relevant prospectus before investing. The 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.
Standard & Poor's and S&P are registered trademarks of
Standard & Poor's Financial Services LLC ("S&P"). Dow Jones
is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones"). TSX is a registered trademark of TSX Inc., ("TSX"). All of
the above trademarks have been licensed to S&P Dow Jones
Indices LLC and sublicensed for certain purposes to BlackRock
Institutional Trust Company, N.A. ("BTC"), which in turn has
sub-licensed these marks to its affiliate, BlackRock Asset
Management Canada Limited ("BlackRock Canada"), on behalf of the
applicable fund(s). The index is a product of S&P Dow Jones
Indices LLC, and has been licensed for use by BTC and by extension,
BlackRock Canada and the applicable fund(s). The funds are not
sponsored, endorsed, sold or promoted by S&P Dow Jones Indices
LLC, Dow Jones, S&P, any of their respective affiliates
(collectively known as "S&P Dow Jones Indices") or TSX, or any
of their respective affiliates. Neither S&P Dow Jones Indices
or TSX make any representations regarding the advisability of
investing in such funds.
© 2013 BlackRock Asset Management Canada Limited. All rights
reserved. iSHARES and BLACKROCK are registered trademarks of
BlackRock, Inc., or its subsidiaries in the United States and
elsewhere. Used with permission. iS-0639-0313
Contacts: Contact for Media: Veritas Communications Maeve
Hannigan 416-955-4570 C - 647-618-8621hannigan@veritasinc.com
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