RBC iShares and BlackRock Canada Introduce New ETFs to Enhance Canadian Investment Options

The RBC iShares team, headed by Steven Leong, Director, Head of Canada iShares Product at BlackRock, recently participated in closing the market with Graham MacKenzie, Managing Director of Exchange Traded Products at the Toronto Stock Exchange. The event marked the launch of two new ETFs, namely 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), managed by BlackRock Canada. These ETFs aim to provide Canadian investors and advisors with increased choices and diversification options for their investment portfolios.

Created to tackle concerns around mega-cap company concentration risk within the S&P 500, these novel ETFs cap securities in the index at a 3% weight, making it a unique offering in the market. RBC iShares ETFs represent a collaboration between RBC Global Asset Management Inc. and BlackRock Asset Management Canada Limited. This strategic alliance formed in 2019 aims to leverage the expertise of both entities to offer a comprehensive suite of ETFs to cater to the needs of Canadian investors.

RBC iShares, as the largest provider of ETFs in Canada, continues to support advisors in constructing efficient portfolios that align with their clients’ objectives. With a focus on innovation and diversification, the introduction of these new ETFs signifies a positive step towards enhancing investment opportunities for the Canadian market.