BlackRock Asset Management Canada Limited

BlackRock Asset Management Canada Limited

October 15, 2013 15:27 ET

BlackRock Canada Launches Suite of Outcome-Oriented Balanced Mutual Funds

BlackRock Strategic Portfolio Series - delivering the diversification and efficiencies advisors and their clients need in today's markets

Industry-leading iShares ETFs now available to all Canadian investors

TORONTO, ONTARIO--(Marketwired - Oct. 15, 2013) - BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), today launched a suite of balanced mutual funds - BlackRock Strategic Portfolio Series built with iShares ETFs - now available for purchase in Canada through your financial advisor or brokerage firm. Leveraging the success of its iShares ETF platform and its leading asset management and risk analytics capabilities, this new fund series is designed to provide both advisors and investors with much needed alternative investment strategies during a time of ever changing market conditions.

"Our number one goal is to make a better mutual fund," said Noel Archard, Managing Director, Head of BlackRock Canada. "As advisors and investors continue to face increasing pressures from ongoing market uncertainty and an ever-evolving investment landscape, including regulatory change, our Strategic Portfolios will provide the answer they need: greater value."

This is not new territory for BlackRock - internationally, BlackRock currently manages mutual fund platforms in over 35 countries with more than US $420 billion in AUM - but this is breaking new ground in the Canadian investment industry. This initiative will not only expand BlackRock's world-class roster of financial products, but will also respond to growing investor needs in Canada.

"We are doing what many of our institutional clients are already doing - combining our asset management strength with that of our iShares ETF platform," said Mary Anne Wiley, Managing Director, Head of iShares, BlackRock Canada. "This new suite of mutual funds will change the way people think about investing and put the emphasis on the asset allocation mix versus that of single stock or manager selection."

According to the Greenwich survey of Institutional Usage of ETFs released earlier this year, 62% of asset managers are using ETFs to gain exposures in the "core" portion of their portfolios and 55% are using them for either tactical adjustments or portfolio completion.1 The increasing use of ETFs reflects a broader theme evident in Canada and other markets: asset managers, and institutional investors more broadly, are turning to ETFs more regularly to achieve their investment goals and discovering new functions for them within their investment portfolios. The role of advisors is changing too, in line with these institutional trends, to focusing on providing sound advice and solutions that effectively deliver performance in market conditions where returns are lower, client expectations are higher and the impact of costs is more relevant.

"Our ability to package our asset allocation expertise with our industry-leading iShares ETFs enables us to become the "go-to" solutions provider for Canadian investors," said Wiley.

The BlackRock Strategic Portfolio Series is competitively priced, with Management Expense Ratios (MERs) anywhere from 0.09 - 0.75% lower than the respective fund's corresponding category asset-weighted average, and consists of seven allocation funds across either income or risk/return-oriented outcomes as described below.

BlackRock Diversified Monthly Income Portfolio - The Fund seeks to provide its investors with a consistent monthly cash distribution and modest long-term capital growth by investing primarily in iShares® exchange traded funds (or mutual funds) that are managed by BlackRock Canada or an affiliate and provide exposure to fixed income and equity securities (the "underlying funds"). The Fund may also invest directly in securities.

BlackRock All Bond Portfolio - The Fund seeks to preserve the value of your investment and provide income by investing primarily in iShares® exchange traded funds (or mutual funds) that are managed by BlackRock Canada or an affiliate and provide exposure to fixed income securities (the "underlying funds"). The Fund may also invest directly in securities.

BlackRock Defensive Portfolio - The Fund seeks to provide investors with income and modest long-term capital growth by investing primarily in iShares® exchange traded funds (or mutual funds) that are managed by BlackRock Canada or an affiliate and provide exposure to fixed income securities (the "underlying funds"). The Fund may also invest directly in securities.

BlackRock Conservative Portfolio - The Fund seeks to provide investors with a balance of income and long-term capital growth by investing primarily in iShares® exchange traded funds (or mutual funds) that are managed by BlackRock Canada or an affiliate and provide exposure to fixed income and equity securities (the "underlying funds"). The Fund may also invest directly in securities.

BlackRock Balanced Portfolio - The Fund seeks to provide its investors with a balance of long-term capital growth and income by investing primarily in iShares® exchange traded funds (or mutual funds) that are managed by BlackRock Canada or an affiliate and provide exposure to equity and fixed income securities (the "underlying funds"). The Fund may also invest directly in securities.

BlackRock Growth Portfolio - The Fund seeks to provide its investors with long-term capital growth and modest current income by investing primarily iShares® exchange traded funds (or mutual funds) that are managed by BlackRock Canada or an affiliate and provide exposure to equity and fixed income securities (the "underlying funds"). The Fund may also invest directly in securities.

BlackRock Max Growth Portfolio - The Fund seeks to provide its investors with long-term capital growth by investing primarily in iShares® exchange traded funds (or mutual funds) that are managed by BlackRock Canada or an affiliate and provide exposure to equity securities (the "underlying funds"). The Fund may also invest directly in securities.

For a complete overview of the BlackRock Strategic Portfolio Series please visit: blackrockinvestments.ca

1. Source: "Versatility Fuels ETF Growth in Canadian Institutional Portfolios," Greenwich Associates, Q2 2013.

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.

The BlackRock Strategic Portfolio Series of mutual funds are managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. 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.

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.

Contact Information