BlackRock Asset Management Canada is reducing the management fees for the iShares JP Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) (XEB).
The move is as a result of the fee change announced earlier by BlackRock, to its iShares JP Morgan USD Emerging Markets Bond ETF (EMB), the underlying fund in which XEB invests.
Effective immediately, the total annual fee payable by XEB will be reduced by 0.20% such that its total annual fee will not exceed 0.52% of XEB’s net asset value.
