BlackRock launches 2 new ETFs

BlackRock Canada announced its iShares business will launch two global sector ETFs in the Canadian marketplace.

The iShares S&P Global Industrials Index Fund (CAD-Hedged) (XGI) and iShares S&P Global Consumer Discretionary Index Fund (CAD-Hedged) (XCD) will begin trading on the Toronto Stock Exchange today. They will also be available to Sun Life Global Investments within several of their mutual funds.

Read: BMO launches new ETFs “In less than two years, the Sun Life BlackRock funds have secured more than $800 million in assets,” says Greg Walker, managing director, Head of iShares Institutional Business at BlackRock Canada.

In April 2011, BlackRock partnered with Sun Life Global Investments to launch two Canadian mutual funds–comprised of index strategies and iShares ETFs–which have drawn on the strong approach to risk management of both Sun Life Global Investments and BlackRock. This partnership has given clients the opportunity to improve asset allocation and reduce portfolio risk.

Read: ETFs fit the bill for fixed-income allocation

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