TORONTO, ONTARIO--(Marketwire - Nov. 29, 2012) - BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), announced that its Canadian iShares business swept the ETF category awards last night at 18th annual Morningstar Canadian Investment Awards and Gala held last night in Toronto. In addition to winning ETF Provider of the Year, iShares took home the ETF Initiative of the Year award, plus two new awards for Best Equity ETF and Best Fixed-Income ETF.
"For more than ten years, BlackRock's iShares business has been the leader in the Canadian ETF space and a trusted partner for investors so we are really proud to have that work recognized," said Mary Anne Wiley, Managing Director and Head of iShares at BlackRock Canada. "It is also great to see Morningstar expanding the awards under the ETF category. As the fastest growing investment vehicle, investors are clearly voting with their dollars and industry recognition, such as this, reinforces the value of these products."
The evening honoured companies and individuals that Morningstar believes have made a difference in the lives of investors through superior investment products, service, marketing, and education.
- ETF Provider of the Year.
- ETF Initiative of the Year for its work making ETFs more accessible to Canadian investors through events, and various online and offline educational tools.
- Best Equity ETF for iShares S&P/TSX Capped Composite Index Fund (XIC).
- Best Fixed-Income ETF for iShares DEX Universe Bond Index Fund (XBB).
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2012, BlackRock's AUM was US$3.673 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® (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 September 30, 2012, the firm has approximately 10,400 employees in 29 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 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 and BlackRock Investments Canada Inc. Commissions, management fees and expenses all may be associated with investing in iShares Funds. 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.