BlackRock(R) Canada Launches U.S. High Dividend Equity Fund
20 August 2012 - 1:30PM
Marketwired
BlackRock Asset Management Canada Limited (BlackRock Canada)
(TSX:XHD), an indirect, wholly-owned subsidiary of BlackRock, Inc.,
today launched the iShares U.S. High Dividend Equity Index Fund
(CAD-Hedged) (XHD) in the Canadian marketplace. XHD seeks to
provide investors with access to high-quality, dividend paying U.S.
companies as another way to help them better meet their income
needs. The fund will begin trading on the Toronto Stock Exchange
today.
"In today's investing environment, income generation and higher
yield equities are top of mind for many investors," said Mary Anne
Wiley, Managing Director, Head of iShares, BlackRock Canada. "Our
most recent investor survey found that 93 per cent believe that
generating income is an important factor in making investment
decisions. To help investors access those income-oriented
performers, we have introduced the iShares U.S. High Dividend
Equity Index Fund (CAD-Hedged). It offers investors higher yield
and lower risk by focusing on companies that are likely to pay
higher than average dividends for the foreseeable future."
XHD seeks to provide long-term capital growth by replicating, to
the extent possible, the performance of The Morningstar Dividend
Yield Focus Index (CAD-Hedged), net of expenses. It offers
investors access to first-class, dividend-paying U.S. companies
that have been screened for superior company quality and financial
health, with the added benefit of liquidity. The fund's US dollar
exposure is hedged back to Canadian dollars to remove the impact of
currency volatility and keep the fund's risk profile as low as
possible.
"The companies XHD tracks are the 75 highest dividend paying
stocks in the Morningstar US Market Index that also meet a list of
financial health criteria'," said Oliver McMahon, Head of iShares
Product Management at BlackRock Canada. "This approach helps
decrease equity risk in a portfolio given the historically
high-quality, low-volatility characteristics of its dividend stock
holdings and offers compelling potential for both capital
appreciation and income distribution."
For more information about the new iShares funds, 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 June 30, 2012, BlackRock's AUM was $3.560 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 June 30, 2012, the firm has approximately 9,900
employees in 27 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
iShares is the global product leader in exchange traded funds
with over 500 funds globally across equities, fixed income and
commodities, which trade on 20 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 shares 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 and high net worth
individuals.
iShares® Funds are managed by BlackRock Asset Management Canada
Limited and BlackRock Investments Canada Inc. Commissions,
management fees and expenses all may be associated with investing
in iShares Funds. Please read the relevant prospectus before
investing. The indicated rates of return are the historical annual
compounded total returns including changes in unit value and
reinvestment of all distributions and do not take into account
sales, redemption, distribution or operational charges or income
taxes payable by any security holder that would have reduced
returns. The 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.
Contacts: Veritas Communications Maeve Hannigan 416-955-4570 C -
647-618-8621hannigan@veritascanada.com
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