iShares(R) Canada Announces Launch of Two New ETFS
June 24 2009 - 9:18AM
Marketwired Canada
Barclays Global Investors Canada Limited (iShares)
(TSX:XBB)(TSX:XCB)(TSX:XCG)(TSX:XCV)(TSX:XDV)(TSX:XEG)(TSX:XFN)(TSX:XGB)(TSX:XGD)(TSX:XIC)(TSX:XIN)(TSX:XIT)(TSX:XIU)(TSX:XLB)(TSX:XMA)(TSX:XMD)(TSX:XRB)(TSX:XRE)(TSX:XSB)(TSX:XSP)(TSX:XTR)(TSX:XSU)(TSX:XEN)(TSX:XCS)(TSX:XCR)(TSX:XGR)(TSX:XGC)(TSX:XAL)
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The iShares Exchange Traded Funds (ETFs) business, a division of Barclays Global
Investors Canada Limited (BGI Canada), today announced the launch of two new
funds, the iShares CDN MSCI World Index Fund (XWD) and the iShares CDN MSCI
Emerging Markets Index Fund (XEM). Both new funds offer investors desired
exposure to international stocks and emerging markets respectively. They will
begin trading on the Toronto Stock Exchange today.
"Investors are looking for better ways to gain exposure to international
opportunities," said Heather Pelant, Head of iShares, BGI Canada. "These funds
stand above and apart from others because they enable investors to access
foreign markets while avoiding the currency and estate tax considerations
usually associated with U.S.-listed ETFs. At the same time, investors can be
assured they will enjoy the same traditional advantages they've come to expect
from iShares ETFs: transparency, tax and cost efficiency, immediate access,
liquidity and easy diversification."
The new iShares ETFs include:
- The iShares CDN MSCI World Index Fund (XWD), with a management expense ratio
of 0.45%, is the first ETF of its kind in North America. The fund provides
long-term capital growth by replicating, as closely as possible, the performance
of the MSCI World Index, net of expenses. The MSCI World Index provides
worldwide exposure to more than 1,500 stocks from 23 developed markets around
the globe.
- The iShares CDN MSCI Emerging Markets Index Fund (XEM), with a management
expense ratio of 0.82%, provides long-term capital growth by replicating, as
closely as possible, the performance of the MSCI Emerging Markets index, net of
expenses.
For more information about the new iShares funds, please visit www.iShares.ca.
About BGI Canada
BGI Canada is an indirect subsidiary of Barclays PLC and part of Barclays Global
Investors (BGI), a division of Barclays PLC. BGI is one of the world's largest
asset managers and a leading global provider of investment management products
and services with more than 3,000 institutional clients and US$1.5 trillion of
assets under management as of December 31, 2008. BGI is the global product
leader in exchange traded funds (iShares) with over 360 funds globally across
equities, fixed income and commodities which trade on 18 exchanges worldwide.
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. As at March 31, 2009, BGI Canada managed over $64 billion
in Canadian assets and in other assets for Canadian clients, including $17
billion in the TSX-listed iShares Funds. BGI Canada has offices in Toronto and
Montreal.
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