iShares(R) Canada Announces Launch of Two New ETFS
June 24 2009 - 9:18AM
Marketwired
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) -
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.
Contacts: More information, or to schedule an interview: Contact
for Media: Veritas Communications Lisa An 416-955-4587 or Cell:
647-292-2478 an@veritascanada.com All other inquiries:
1-866-iShares (1-866-474-2731) iSharesCanada@barclaysglobal.com
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