RBC iShares Expands Asset Allocation ETF Offering with the Introduction of Four Sustainable iShares ETFs
09 September 2020 - 9:00PM
Today, RBC iShares expanded its asset allocation exchange traded
fund (“ETF”) lineup with the launch of four new environmental,
social, and governance (“ESG“)-oriented ETFs that are expected to
begin trading on the Toronto Stock Exchange today. The ESG-oriented
ETFs, which join the RBC iShares suite of sustainable ETFs and
complement the iShares Core ETF Portfolios, will be managed by
BlackRock Asset Management Canada Limited (“BlackRock Canada”), an
indirect, wholly-owned subsidiary of BlackRock, Inc.
Continued Demand for Sustainable
Investing
Interest and demand for sustainable investing solutions continues
to grow, as more investors recognize the potential long-term impact
of sustainability risks on their portfolios. This shift in investor
preference is helping to steer assets into this category.
Pat Chiefalo, Managing Director, Head of
iShares, BlackRock Canada:
“Our goal is to help our clients build well-constructed portfolios
to help them reach their investment goals. We know investing can be
complicated, but it doesn’t have to be. Since launching our iShares
Core ETF Portfolios, Canadian investors and advisors have shown
tremendous enthusiasm for our one-ticket ETF solutions. We’re
excited to make sustainability more accessible with the addition of
these four ESG-oriented ETFs, to help meet the range of investors'
goals and risk profiles. RBC iShares is committed to enabling
investor choice, by broadening our sustainable investing platform
to include these new asset allocation products.”
New ESG Asset Allocation
ETFs
To help enable investors to reach their
financial goals by providing more choice for different risk
profiles, today’s announcement builds upon the success of the
existing suite of iShares ESG ETFs and complements the
iShares Core ETF Portfolios with the offering of four ESG-oriented
multi-asset funds. As the broadest suite of ESG asset allocation
ETFs in Canada, these new ESG-oriented ETFs offer equity, growth,
balanced and conservative balanced strategies, each in one simple
package. Leveraging BlackRock’s expertise, each ETF is designed to
allow investors and advisors to gain low-cost exposure to a
portfolio of iShares ESG ETFs, and for funds other than the iShares
ESG Equity ETF Portfolio, government bonds, that is diversified by
asset class and region, is monitored continuously and rebalanced at
least annually, to maintain its long-term strategic asset
allocation.
Fund Name |
Ticker |
Annual Management Fee |
iShares ESG Conservative Balanced ETF Portfolio |
GCNS |
0.22% |
iShares ESG Balanced ETF Portfolio |
GBAL |
0.22% |
iShares ESG Growth ETF Portfolio |
GGRO |
0.22% |
iShares ESG Equity ETF Portfolio |
GEQT |
0.22% |
About
BlackRock
BlackRock’s purpose is to help more and more
people experience financial well-being. As a fiduciary to investors
and a leading provider of financial technology, our clients turn to
us for the solutions they need when planning for their most
important goals. As of June 30, 2020, the firm managed
approximately US$7.32 trillion in assets on behalf of investors
worldwide. For additional information on BlackRock, please visit
www.blackrock.com/corporate | Twitter: @BlackRockCA | Blog:
https://www.blackrockblog.com/ | LinkedIn:
www.linkedin.com/company/blackrock.
About iShares
iShares unlocks opportunity across markets to
meet the evolving needs of investors. With more than twenty years
of experience, a global line-up of 900+ exchange traded funds
(ETFs) and US$2.16 trillion in assets under management as of June
30, 2020, iShares continues to drive progress for the financial
industry. iShares funds are powered by the expert portfolio and
risk management of BlackRock, trusted to manage more money than any
other investment firm1. About RBC Global Asset
Management
RBC Global Asset Management (RBC GAM) is the
asset management division of Royal Bank of Canada (RBC) and
includes money managers BlueBay Asset Management and Phillips,
Hager & North Investment Management. RBC GAM is a provider of
global investment management services and solutions to
institutional, high-net-worth and individual investors through
separate accounts, pooled funds, mutual funds, hedge funds,
exchange-traded funds and specialty investment strategies. The RBC
GAM group of companies manage approximately $500 billion in assets
and have approximately 1,400 employees located across Canada, the
United States, Europe and Asia.
RBC iShares ETFs are comprised of RBC ETFs
managed by RBC Global Asset Management Inc. and iShares ETFs
managed by BlackRock Asset Management Canada Limited. Commissions,
trailing commissions, management fees and expenses all may be
associated with investing in ETFs. Please read the relevant
prospectus before investing. ETFs 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.
® / TM Trademark(s) of Royal Bank of Canada.
Used under license. iSHARES is a registered trademark of BlackRock,
Inc., or its subsidiaries in the United States and elsewhere. Used
under license. © 2020 BlackRock Asset Management Canada Limited and
RBC Global Asset Management Inc. All rights reserved.
For more information, please
contact:
Maeve Hannigan, BlackRock Communications,
416-564-1540
1 Based on US$7.32 trillion in AUM as of 6/30/20
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