TORONTO, July 15,
2024 /CNW/ - The team at RBC iShares, led by
Steven Leong, Director, Head of
Canada iShares Product, BlackRock,
joined Graham MacKenzie, Managing
Director, Exchange Traded Products, Toronto Stock Exchange, to
close the market today to celebrate the launch of iShares S&P
500 3% Capped Index ETF (TSX:XUSC and XUSC.U) and iShares S&P
500 3% Capped Index ETF – CAD Hedged (TSX:XSPC). These new ETFs
will be managed by BlackRock Canada.
These ETFs are the first of their kind, seeking to provide
Canadian investors and advisors with greater choice and
diversification options for their investment portfolios. They are
designed to address growing concerns of mega cap company
concentration risk within the S&P 500 by capping securities in
the index at 3% weight.
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. RBC iShares is a strategic alliance
formed in 2019 between RBC Global Asset Management and BlackRock
Canada. RBC iShares provides the largest suite of ETFs to
Canadians, and leverages the combined investment expertise of
Canada's largest asset manager and
the world's largest ETF provider to help advisors build efficient
portfolios that meet the needs of their clients.
CNW sponsored announcement. To learn more visit
www.newswire.ca.
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SOURCE Toronto Stock Exchange