TORONTO, ONTARIO--(Marketwired - Feb. 6, 2014) - BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc., today announced the newest edition of its "iShares Connect: Canada Guide to ETF Investment Strategists." First introduced in July 2013, in just six short months the guide has expanded from 11 firms at launch to 16 firms today and from 23 original portfolios to 33 at present, a significant growth of 45 and 43 per cent, respectively. The program has also expanded to over $4 billion in ETF assets as of December 2013.
"Through continued growth in usage and awareness of ETFs there is an evolving appreciation and understanding of the efficiencies ETFs bring to portfolio construction so we're not surprised by the increasing list of managers featured today in iShares Connect," said Ted Bader, Director, iShares Business Development, BlackRock Canada. "Investors are showing more and more interest in ETFs and investment managers are responding by focusing on developing the right asset allocation for their clients' needs."
Updated on a quarterly basis, the iShares reference guide is an industry-wide resource to aid financial advisors, broker/dealers, consultants, program participants and investors in identifying ETF investment strategists or managers who deliver expertise in exchange traded fund (ETF) portfolio construction and trading to investors seeking outsourced model portfolios.
The latest version of the iShares guide also highlights notable wins from various firms.
"We have had a very successful Separately Managed Account program with Dundee over the past two quarters," said Jeremy Fehr, Founder and President, SIA Markets, one of the 16 ETF investment managers in the BlackRock Canada guide. "Since July 2013 we have raised more than $135 million in our ETF managed program and we expect this amount will continue to increase throughout 2014."
The Connect guide now also includes U.S. firms who have recently entered the Canadian market.
"The ETF strategist model has been really successful in the United States, so we're not surprised to see the growing appreciation for ETF managers north of the border as well," said Patrick Bowen, President, One Capital Management, the first U.S. firm to be included in iShares' Canadian guide. "We're thrilled to have distribution agreements in Canada and to now be part of the iShares Connect guide there."
The guide provides information on each manager's investment philosophy, portfolio management team, portfolio objective, performance history and top holdings, as well as asset class and sector weights. Designed to be inclusive, the iShares Connect guide comprises the following criteria for inclusion in the Third Party Manager program:
- hold approximately 75 per cent ETFs, excluding cash (i.e. an exclusive or mostly exclusive ETF allocation within model portfolios);
- minimum of one year of performance data; and
- the portfolio must not be structured and offered as a prospectus-qualified mutual fund in Canada.
"There is a strong momentum currently underway with multiple distribution platforms regarding the possibility of adding ETF managers to their platforms," said Bader. "We anticipate more additions and more growth in the near future."
For more information about the iShares Canada Connect: Guide to ETF Investment Strategists, please visit www.iShares.ca. All other inquiries: 1-866-iShares (1-866-474-2737) or email iSharesCanada@blackrock.com.
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2013, BlackRock's AUM was US$4.324 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 December 31, 2013, the firm had approximately 11,400 employees in more than 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.
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.
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