BlackRock Asset Management Canada has lowered the fees of its iShares Core suite.
The annual management fees of the iShares Core S&P U.S. Total Market Index (XUU) and iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH) are now 0.07%.
Both XUU and XUH, which were launched in February 2015, provide investors with broad-based
exposure to the total U.S. equity market, covering large, mid, small and micro-capitalized companies.
In addition to the fee reduction, both funds are expected to increase their respective exposure to more than 3,700 individual securities, tracking the broadest U.S. market coverage index in Canada.
“As the world’s largest economy, we know the U.S. market often holds an important role in an investors’
portfolio,” said Warren Collier, managing director, head of iShares at BlackRock Canada.
“As part of our mandate to deliver easy-to-access, well-diversified, and cost-effective solutions
through our iShares Core funds, these product enhancements are another step towards delivering on
that goal.”