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BlackRock Canada lowers management fees on three ETFs


BlackRock Asset Management’s exchange traded funds business iShares is lowering the annual management fees on three of its fixed income ETFs.

These funds are iShares Canadian Universe Bond Index ETF (XBB), iShares Canadian Short Term Bond Index ETF (XSB) and iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH).
They will each have an annual management fee of 0.09 per cent of such fund’s net asset value, effective as of 19 May 2017.

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