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Barclays Canada launches iShares Portfolio Builder Funds

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Barclays Global Investors Canada has launched a series of funds that it says gives investors and advisers a new way to approach portfolio construction and asset allocation while managin

Barclays Global Investors Canada has launched a series of funds that it says gives investors and advisers a new way to approach portfolio construction and asset allocation while managing risks with less cost and less hassle.

The iShares Portfolio Builder Funds are comprised of four distinctly focused funds, built from a combination of iShares exchange traded funds which trade around the globe.

All four funds will begin trading on the Toronto Stock Exchange from 21 November, 2008.
   
Heather Pelant, head of iShares, Barclays Canada, says: ‘There are no other funds like this on the market – they truly represent a major evolution in the way ETFs can be used. What makes them so powerful is the scope of the thinking behind them – they are designed by the same experts who manage the portfolios of over half of the world’s largest pension funds.’
   
Two of the new funds, the iShares Conservative Core Portfolio Builder Fund and the iShares Growth Core Portfolio Builder Fund, are designed to be the sole holding in a small account or a core holding in a large account. The fees for these funds are 60 bps.
   
The other two funds, the iShares Global Completion Portfolio Builder Fund and the iShares Alternatives Completion Portfolio Builder Fund, are designed to be held alongside the holdings in a typical Canadian investor’s portfolio. The fees for these funds are 70 bps.

Cary Blake, head of global index and markets group, Barclays Canada, says: ‘In designing these funds we considered what has typically been ailing many Canadian investors’ portfolios, which is an overweight in domestic equities and a true lack of diversification. We have taken our over 30 years of institutional investing expertise and packaged these funds for the Canadian investment community at large.’

The funds aim to provide easy access to various return premiums associated with economic exposures that are often difficult for the average investor or adviser to account for in the investment planning process. This includes those associated with exposure to short and long term interest rates, inflation, credit and liquidity, information transparency and economic growth and political uncertainty.

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