Marketwire 19-May-2017 5:43 PM
TORONTO, ONTARIO -- (Marketwired) -- 05/19/17 -- (TSX:XBB) (TSX:XSB) (TSX:XSH) - iShares, the industry-leading exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), announced today that it is lowering the annual management fees on three of its fixed income ETFs. These funds - the iShares Canadian Universe Bond Index ETF (XBB), iShares Canadian Short Term Bond Index ETF (XSB) and iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) - will each have an annual management fee of 0.09% of such fund's net asset value, effective as of May 19, 2017.
Further information on XBB, XSB and XSH can be found at www.blackrock.com/ca.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At March 31, 2017, BlackRock's AUM was US$5.4 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include 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. As of March 31, 2017, the firm had approximately 13,000 employees in more than 30 countries and a major presence in 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/ca / Twitter: @BlackRockCA / Blog: www.blackrockblog.com/can
iShares is a global leader in ETFs, with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than US$1.4 trillion in assets under management as of March 31, 2017, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm1.
1 Based on US$5.4 trillion in AUM as of 3/31/17
Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. The funds 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.
Maeve Hannigan 416-643-4058Maeve.Hannigan@blackrock.com
Source: BlackRock Asset Management Canada Limited (iShares)