BlackRock offers two new ETFs

BlackRock Asset Management Canada has launched two new exchange traded funds (ETFs) under its iShares brand, with one focused on short-term fixed income and the other on Canadian small caps.

The iShares DEX Short Term Corporate Universe + Maple Bond Index Fund (XSH) seeks to provide investors with a regular stream of income. The ETF provides exposure to over 300 short-term corporate bonds, as tracked by the DEX Universe + Maple Short Term Corporate Bond Index.

“As economic conditions remain challenging and markets react with ongoing volatility, investors are placing a clear premium on investments that provide consistent income generation,” said Mary Anne Wiley, managing director, head of iShares distribution at BlackRock Canada.

The iShares S&P/TSX Venture Index Fund (XVX) is the first ETF in Canada to provide exposure exclusively to securities listed on the TSX Venture Exchange. Intended for more aggressive investors.

The underlying index provides exposure to securities issued by companies with an average market capitalization of $145 million, predominately in the metals/mining and energy sectors.

The bond ETF carries an MER of 25 basis points, while the TSX Venture fund costs 79 basis points.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.