BlackRock Asset Management Canada has expanded its minimum volatility product lineup with the introduction of three CAD-Hedged ETFs. The new funds are the:
- iShares Edge MSCI Min Vol USA Index ETF (CAD-Hedged), which has a management fee of 0.30%;
- iShares Edge MSCI Min Vol EAFE Index ETF (CAD-Hedged), which has a management fee of 0.35%; and
- iShares Edge MSCI Min Vol Global Index ETF (CAD-Hedged), which has a management fee of 0.45%.
The funds will help manage the impact of a strengthening Canadian dollar on international investments as well as reduce exposure to volatility. In Q1 2016, says Horizons ETFs, the Canadian ETF industry saw inflows of more than $500 million into minimum volatility funds, surpassing the Q1 2015 record by close to 30%.
In addition, BlackRock Canada changed the names of a number of its factor-based iShares funds, effective as of March 29, 2016. See the table below for the details.
Ticker | Previous Name | New Name | |
XFC | iShares FactorSelect™ MSCI Canada Index ETF | iShares Edge MSCI Multifactor Canada Index ETF | |
XFI | iShares FactorSelect™ MSCI EAFE Index ETF | iShares Edge MSCI Multifactor EAFE Index ETF | |
XFF | iShares FactorSelect™ MSCI EAFE Index ETF (CAD-Hedged) | iShares Edge MSCI Multifactor EAFE Index ETF (CAD-Hedged) | |
XFS | iShares FactorSelect™ MSCI USA Index ETF | iShares Edge MSCI Multifactor USA Index ETF | |
XFA | iShares FactorSelect™ MSCI USA Index ETF (CAD-Hedged) | iShares Edge MSCI Multifactor USA Index ETF (CAD-Hedged) | |
XMW | iShares MSCI All Country World Minimum Volatility Index ETF | iShares Edge MSCI Min Vol Global Index ETF | |
XMV | iShares MSCI Canada Minimum Volatility Index ETF | iShares Edge MSCI Min Vol Canada Index ETF | |
XMI | iShares MSCI EAFE Minimum Volatility Index ETF | iShares Edge MSCI Min Vol EAFE Index ETF | |
XMM | iShares MSCI Emerging Markets Minimum Volatility Index ETF | iShares Edge MSCI Min Vol Emerging Markets Index ETF | |
XMU | iShares MSCI USA Minimum Volatility Index ETF | iShares Edge MSCI Min Vol USA Index ETF |