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XSH iShares Core Canadian Short Term Corp Bond Index ETF

18.45
-0.06 (-0.32%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
iShares Core Canadian Short Term Corp Bond Index ETF TSX:XSH Toronto Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.06 -0.32% 18.45 18.44 18.46 18.46 18.44 18.44 10,280 21:01:02

Two New ETFs Launched by BlackRock(R) Canada

19/09/2011 12:30pm

Marketwired Canada


BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect,
wholly-owned subsidiary of BlackRock, Inc. (BlackRock), today announced the
launch of two new iShares exchange traded funds (ETFs). The iShares DEX Short
Term Corporate Universe + Maple Bond Index Fund (XSH) seeks to provide investors
with a regular stream of income, while the iShares S&P/TSX Venture Index Fund
(XVX) is the first ETF in Canada to provide exposure exclusively to securities
listed on the TSX Venture Exchange. Both ETFs have closed the initial offering
of their units and will begin trading on the Toronto Stock Exchange today.


"As economic conditions remain challenging and markets react with ongoing
volatility, investors are placing a clear premium on investments that provide
consistent income generation," said Mary Anne Wiley, Managing Director, Head of
iShares Distribution at BlackRock Canada.


"XSH is built with an eye to delivering investors the liquidity and flexibility
they crave while allowing them to enhance yield through corporate issuers."


XSH will provide exposure to the DEX Universe + Maple Short Term Corporate Bond
Index, which contains over 300 short-term corporate bonds. With a management fee
of 0.25%, XSH allows investors to manage interest rate risk by offering access
to a diversified portfolio of corporate bonds with terms to maturity of between
one and five years. XSH's expected income distribution frequency is monthly.


For more aggressive investors, XVX seeks to provide long-term capital growth by
replicating to the extent possible, the performance of the S&P/TSX Venture
Select Index, net of expenses. As this index provides exposure to securities
issued by companies with an average market capitalization of $145 million,
investors are now able to express a view on micro-cap ("junior") metals and
mining companies and micro-cap ("junior") oil companies in a single trade, thus
managing single stock risk. XVX will have a management fee of 0.79%.


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 June 30, 2011,
BlackRock's AUM was US$3.659 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(R)
(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(R).
Headquartered in New York City, as of June 30, 2011, the firm has approximately
9,700 employees in 26 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 ETFs

The iShares business is a global product leader in ETFs with over 460 funds
globally across equities, fixed income and commodities, which trade on 19
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 securities 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.


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