TORONTO, Oct. 15, 2019 (GLOBE NEWSWIRE) — Today, RBC iShares announced the expansion of its exchange traded funds (“ETF”) lineup with the launch of a new class of U.S. dollar denominated units (“USD Units”) for ten existing ETFs (collectively the “iShares ETFs”) which supplement the existing Canadian dollar denominated units (“CAD Units”) of these iShares ETFs. The iShares ETFs which will offer USD Units are listed in the table below and are managed by BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc. Purchases and sales of USD Units on the TSX, and payment of cash distributions, subscriptions, exchange proceeds and redemption proceeds, will generally be made in U.S. dollars. An amendment to the prospectus of the ETFs dated September 16, 2019 was filed with the securities regulatory authorities in each province and territory in Canada.iShares Core S&P 500 Index ETF and iShares Core MSCI EAFE IMI Index ETF have now closed the initial offering of their USD Units and the USD Units are expected commence trading on the TSX when the market opens today. The remaining iShares ETFs are expected to commence trading in the USD Units on the TSX when the markets open on October 28, 2019.For more information about the RBC iShares ETF suite, investors and advisors are invited to visit rbcishares.com.About BlackRockBlackRock’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, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2019, the firm managed approximately US$6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/ca | Twitter: @BlackRockCA | LinkedIn: www.linkedin.com/company/blackrock.
About iSharesiShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ ETFs and US$2 trillion in assets under management as of June 30, 2019, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm1.About RBC Global Asset ManagementRBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes institutional 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 $450 billion in assets and have approximately 1,400 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.Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC and sublicensed for certain purposes to BlackRock Fund Advisors (“BFA”), which in turn has sub-licensed these marks to its affiliate, BlackRock Canada on behalf of the applicable ETF. The indexes are a product of S&P Dow Jones Indices LLC, and have been licensed for use by BFA and by extension, BlackRock Canada and the applicable ETF. The ETFs 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 any of their respective affiliates. S&P Dow Jones Indices does not make any representations regarding the advisability of investing in such ETFs.MSCI and EAFE are trademarks of MSCI, Inc. (“MSCI”). XEF, XEC, XAW, XDU, XDG, XMU and XFS are permitted to use the MSCI mark and, as applicable, the EAFE mark pursuant to a license agreement between MSCI and BlackRock Institutional Trust Company, N.A. (“BTC”), relating to, among other things, the license granted BTC to use the indices. BTC has sublicensed the use of these trademarks to BlackRock Canada. XEF, XEC, XAW, XDU, XDG, XMU and XFS are not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation, condition or warranty regarding the advisability of investing in XEF, XEC, XAW, XDU, XDG, XMU and XFS.® / TM Trademark(s) of Royal Bank of Canada. Used under licence. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under licence. © 2019 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved.For more information, please contact:Maeve Hannigan, BlackRock Communications, 416-564-1540, maeve.hannigan@blackrock.com 1 Based on US$6.84 trillion in AUM as of 6/30/19.
Bay Street News