ETF Investors Confident in the Economic Stability of Canadian Companies
Canadian Equity ETFs Led All Other Asset Classes in Q3 With $1.6 Billion in Net New Assets
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 10/12/11 -- Canadian equity ETFs received more than $2.5 billion in net new assets in the third quarter of 2011, according to information compiled by the iShares® exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. This was led by the strong performance of the iShares S&P/TSX 60 Index Fund (XIU) which is the number one ETF in Canada by AUM ($10.5 billion) and net sales ($838 million) in the third quarter.
"These findings tell us that despite uncertainty in the global markets, domestic and international investors are still confident in the soundness of Canadian companies and of our marketplace," said Mary Anne Wiley, head of iShares distribution, BlackRock Canada.
Results were tempered by a moderate decrease in total assets under management (AUM) in Q3, which dropped 1.8 per cent from the second quarter. Total AUM of Canadian ETFs was $39.1 billion in Q3 compared to $39.7 billion in AUM in Q2. In addition, inverse ETFs experienced the greatest market retraction in Q3 with $101 million in net outflows, consistent with results from Q2.
"Investors are realizing that more scrutiny is required as the structure of products is evolving and certain products may not necessarily offer the same benefits as traditional ETFs. They are becoming more discerning and are seeking products that have the features they've come to expect from ETFs including transparency, lower fees, liquidity and diversification," said Wiley.
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Source: BlackRock Asset Management Canada Limited
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2011, BlackRock's AUM was US$3.659 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of June 30, 2011, the firm has approximately 9,700 employees in 26 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia, and the Middle East and Africa. For additional information, please visit the Company's website at .
About iShares ETFs
The iShares business is a global product leader in ETFs with over 460 funds globally across equities, fixed income and commodities, which trade on 19 exchanges worldwide. The iShares funds are bought and sold like common stocks on securities exchanges. The iShares funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell securities through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors.
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Datum: 12.10.2011 - 07:41 Uhr
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News-ID 1045081
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