The iShares NASDAQ 100 Index Fund (CAD-Hedged) Launched by BlackRock(R) Canada
09 May 2011 - 9:30PM
Marketwired
BlackRock Asset Management Canada Limited (BlackRock Canada), an
indirect, wholly-owned subsidiary of BlackRock, Inc., today
announced that iShares, the world's largest provider of Exchange
Traded Funds (ETFs), is launching the iShares NASDAQ 100 Index Fund
(CAD-Hedged) (XQQ). XQQ has closed the initial offering of its
units and will begin trading on the Toronto Stock Exchange today.
XQQ will provide exposure to 100 of the largest non-financial
securities listed on The NASDAQ Stock Market based on modified
market capitalization. The fund will seek to hedge any resulting
U.S. dollar currency exposure back to Canadian dollars. XQQ invests
in companies across major industry groups, including in the
healthcare, information technology and consumer discretionary
sectors, with a management fee of 0.35%.
"This new ETF is an ideal complement to our product line-up in
Canada and provides investors access to a number of sectors not
widely available here," said Mary Anne Wiley, Managing Director,
Head of iShares Distribution at BlackRock Canada. "XQQ meets the
need for portfolio diversification by allowing investors access to
US equities and industries, like healthcare and technology, that
can withstand economic cycle transitions."
The iShares NASDAQ 100 Index Fund (CAD Hedged) seeks to provide
long-term capital growth by replicating, to the extent possible,
the performance of the NASDAQ-100 Currency Hedged CAD Index, net of
expenses. XQQ provides exposure to sectors that are generally
underrepresented in Canada, and as a result can be used to
diversify an investor's equity portfolio.
For more information about XQQ, please visit www.iShares.ca. All
other inquiries: 1-866-iShares (1-866-474-2737) or email
iSharesCanada@blackrock.com.
About BlackRock
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At December 31, 2010, BlackRock's AUM was US$3.561
trillion. BlackRock offers products that span the risk spectrum to
meet clients' needs, including active, enhanced and index
strategies across markets and asset classes. Products are offered
in a variety of structures including separate accounts, mutual
funds, iShares® (exchange-traded funds), and other pooled
investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions™.
Headquartered in New York City, as of December 31, 2010, the firm
has approximately 9,100 employees in 25 countries and a major
presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. For
additional information, please visit the Company's website at
www.blackrock.com.
About iShares ETFs
The iShares business is a global product leader in ETFs with
over 410 funds globally across equities, fixed income and
commodities, which trade on 16 exchanges worldwide. The iShares
funds are bought and sold like common stocks on securities
exchanges. The iShares funds are attractive to many individual and
institutional investors and financial intermediaries because of
their relative low cost, tax efficiency and trading flexibility.
Investors can purchase and sell securities through any brokerage
firm, financial advisor, or online broker, and hold the funds in
any type of brokerage account. The iShares customer base consists
of the institutional segment of pension plans and fund managers, as
well as the retail segment of financial advisors.
Contacts: Veritas Communications Lisa An Contact for Media T -
416-955-4587 C - 647-292-2478 an@veritascanada.com
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