TORONTO, ONTARIO -- (Marketwired) -- 03/03/15 -- (TSX: XEB) - BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced that it will be reducing the management fees for the iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) (XEB) as a result of the fee change announced earlier by BlackRock, Inc., to its iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB), the underlying fund in which XEB invests. Effective today, the total annual fee payable by XEB will be reduced by 0.20% such that its total annual fee will not exceed 0.52% of XEB's net asset value.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2014, BlackRock's AUM was US$4.652 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include 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 December 31, 2014, the firm had approximately 12,200 employees in more than 30 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 BlackRock Canada's website at www.blackrock.com/ca / Twitter: @BlackRockCA / Blog: www.blackrockblog.com/can
About iShares
iShares is a global leader in exchange-traded funds (ETFs), with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than US$1 trillion in assets under management as of December 31, 2014, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.
iShares® Funds are managed by BlackRock Asset Management Canada Limited.
Commissions, management fees and expenses all may be associated with investing in iShares Funds. Please read the relevant prospectus before investing. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. ©2015 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES® and BLACKROCK® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.
Contacts:
Lena Hesse
Veritas Communications
416.955.4596
C - 647.404.4719
hesse@veritasinc.com
