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RBC iShares said Tuesday it has launched five iShares exchange-traded funds that offer Canadian investors exposure to the global transition to a low-carbon economy, the semiconductor space, the aerospace and defense industry, and the U.S. financial sector.
The new thematic ETFs will be managed by BlackRock (NYSE:BLK) Asset Management Canada and are expected to start trading on the Toronto Stock Exchange on Tuesday.
Below are the five iShares funds along with their respective annual management fee:
- iShares S&P/TSX Energy Transition Materials Index ETF (XETM); 0.55%.
- iShares Semiconductor Index ETF (XCHP); 0.35%.
- iShares U.S. Aerospace & Defense Index ETF (XAD); -.39%.
- iShares S&P U.S. Financials Index ETF (XUSF); 0.25%.
- iShares NASDAQ 100 Index ETF (XQQU) (XQQU.U); 0.35%.
“With the expansion of our thematic ETF offering, we’re working to help Canadian investors precisely access industries and companies positioned to potentially benefit from powerful structural trends,” said Helen Hayes, head of iShares Canada, BlackRock.
More on ETFs:
Ned Davis Research says ETF fund flows give mixed view of current market
