BlackRock Asset Management Canada Limited

BlackRock Asset Management Canada Limited

August 07, 2013 13:12 ET

BlackRock Canada Announces Plans to Enter Mutual Fund Industry

World's largest asset manager to expand its retail footprint in Canada with a suite of balanced funds designed to deliver the diversification and efficiencies advisors and their clients need in today's markets.

TORONTO, ONTARIO--(Marketwired - Aug. 7, 2013) - BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), today has filed a preliminary prospectus for a series of balanced mutual funds - BlackRock Strategic Portfolios Series built with iShares® ETFs. This initiative will expand BlackRock's world-class roster of financial products and respond to growing client demand in Canada.

Coupled with its iShares ETF business, the integrated retail platform of BlackRock Canada's mutual fund strategies is designed to meet the evolving needs of Canadian investors in a structure they know and value.

"Our customers have asked us to bring the asset allocation capability of the world's largest asset manager to mutual funds leveraging our industry-leading iShares ETFs, and we have delivered," said Noel Archard, Head of BlackRock Canada. "Advisors and other investors want simple investment options that have the diversification, efficiency and transparency they need in today's markets."

Through this series of mutual funds, BlackRock Canada is taking the familiar mutual fund to a new level of innovation, one that will ensure advisors and their clients have all the facts they need, delivered in the clearest and most straightforward way.

BlackRock currently manages mutual fund platforms in over 35 countries with more than US$420 billion in assets under management(1). With its scale, experience and expertise, BlackRock is uniquely positioned to educate, collaborate and capitalize on opportunities in the face of increasing regulatory and investment complexity across the globe, and to introduce innovative products, technology and tools that meet the growing retail demand for outcome-oriented solutions.

In Canada, BlackRock's mutual fund platform will capitalize on the ability to package the entire suite of active and index products, which has made BlackRock the global "go-to" solutions provider for a wide range of distribution partners. Building on the strength of its Canadian iShares business with this integrated platform, BlackRock Canada will continue a heritage of innovation that delivers sound investment products designed to meet the ever-evolving needs of investors.

More details will be released this Fall.

(1) Source: BlackRock Annual Report (2012)

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2013, BlackRock's AUM was US$3.857 trillion. BlackRock helps clients 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®. Headquartered in New York City, as of June 30, 2013, the firm has approximately 10,700 employees in 30 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

A preliminary prospectus relating to the funds has been filed with certain Canadian securities commissions or similar authorities. You cannot buy units of the funds until the relevant securities commissions or similar authorities issue receipts for the prospectus of the funds.

About iShares ETFs

iShares is the global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 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 shares 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 and high net worth individuals.

iShares® Funds are managed by BlackRock Asset Management Canada Limited. Commissions, management fees and expenses all may be associated with investing in iShares Funds. Please read the relevant prospectus before investing. The 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.

© 2013 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES® and BLACKROCK® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.

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