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Two new ETFs launched by BlackRock Canada


BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc, has launched two new iShares exchange traded funds (ETFs). The iShares DEX Short Term Corporate Universe + Maple Bond Index Fund (XSH) seeks to provide investors with a regular stream of income, while the iShares S&P/TSX Venture Index Fund (XVX) is the first ETF in Canada to provide exposure exclusively to securities listed on the TSX Venture Exchange. Both ETFs have closed the initial offering of their units and have begun trading on the Toronto Stock Exchange today.

"As economic conditions remain challenging and markets react with ongoing volatility, investors are placing a clear premium on investments that provide consistent income generation," says Mary Anne Wiley (pictured), Managing Director, Head of iShares Distribution at BlackRock Canada. "XSH is built with an eye to delivering investors the liquidity and flexibility they crave while allowing them to enhance yield through corporate issuers."

XSH will provide exposure to the DEX Universe + Maple Short Term Corporate Bond Index, which contains over 300 short-term corporate bonds. With a management fee of 0.25%, XSH allows investors to manage interest rate risk by offering access to a diversified portfolio of corporate bonds with terms to maturity of between one and five years. XSH’s expected income distribution frequency is monthly.

For more aggressive investors, XVX seeks to provide long-term capital growth by replicating to the extent possible, the performance of the S&P/TSX Venture Select Index, net of expenses. As this index provides exposure to securities issued by companies with an average market capitalisation of USD145 million, investors are now able to express a view on micro-cap ("junior") metals and mining companies and micro-cap ("junior") oil companies in a single trade, thus managing single stock risk. XVX will have a management fee of 0.79%.

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