TORONTO, Jan. 25, 2017 /CNW/ - Dynamic Funds and BlackRock Asset Management Canada Limited ("BlackRock Canada") today announced the launch of its actively managed exchange-traded funds (ETF) lineup. The new suite of five Dynamic iShares Active ETFs combines Dynamic's style of active portfolio management with BlackRock's industry-leading ETF execution and operational expertise.
"Dynamic iShares Active ETFs offer investors a variety of active solutions that can help them differentiate their portfolios by uncovering opportunities beyond a benchmark. Each ETF takes our portfolio manager's investment philosophy and tailors it specifically for the ETF structure," said Jordy Chilcott, President & CEO, Dynamic Funds. "Our ETF lineup is competitively priced for the ETF marketplace and is well-positioned for those investors on fee-based platforms."
"In the evolving investment landscape, we continually look to innovate and deliver a robust range of investment solutions that meet the needs of Canadians. We're thrilled to be partnering with Dynamic to deliver on that goal," said Warren Collier, Head of iShares, BlackRock Canada. "After a year of exceptional growth for the Canadian ETF industry, this suite of Dynamic iShares ETFs is one step further in providing greater choice to investors."
Dynamic iShares Active ETFs will begin trading on the Toronto Stock Exchange (TSX) as of market open on January 25, 2017.
Dynamic iShares Active Preferred Shares ETF (TSX Ticker: DXP)
DXP seeks to provide dividend income while preserving capital by investing primarily in preferred shares of Canadian based businesses. The ETF will provide exposure to an active investment strategy managed by Marc-André Gaudreau and his corporate credit team.
Dynamic iShares Active Crossover Bond ETF (TSX Ticker: DXO)
DXO seeks to provide interest income and the potential for some long-term capital growth by investing primarily in North American fixed income corporate securities that are rated close to the line dividing investment grade and high-yield credit. The ETF will provide exposure to an active investment strategy managed by Marc-André Gaudreau and his corporate credit team.
Dynamic iShares Active Global Dividend ETF (TSX Ticker: DXG)
DXG seeks to provide long-term capital growth by investing primarily in a diversified portfolio of equity securities of businesses located around the world that pay or are expected to pay a dividend or distribution. The ETF will provide exposure to an active investment strategy managed by David Fingold and Peter Rozenberg.
Dynamic iShares Active U.S. Dividend ETF (TSX Ticker: DXU)
DXU seeks to provide long-term capital growth by investing primarily in a diversified portfolio of equity securities of U.S. based businesses that pay or are expected to pay a dividend or distribution. The ETF will provide exposure to an active investment strategy managed by David Fingold and Peter Rozenberg.
Dynamic iShares Active Canadian Dividend ETF (TSX Ticker: DXC)
DXC seeks to provide long-term capital growth by investing primarily in a diversified portfolio of equity securities of Canadian based businesses that pay or are expected to pay a dividend or distribution. The ETF provide exposure to an active investment strategy managed by Don Simpson and Eric Mencke.
For more information on these new funds, please visit www.dynamic.ca/ETF
About Dynamic Funds
Dynamic Funds is a division of 1832 Asset Management L.P., which offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank. ® Dynamic Funds is a registered trademark of its owner, used under license.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock's AUM was US$5.1 trillion. BlackRock helps clients around the world 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®. As of December 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in 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 www.blackrock.com/ca | Twitter: @BlackRockCA | Blog: www.blackrockblog.com/can
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, 2016, 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 firm1.
Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. Fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. The fund is not guaranteed, its 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.
1 Based on US$5.147 trillion in AUM as of 12/31/16
SOURCE Dynamic Funds
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For further information: Contact for Media: Debra Chan, Public, Corporate and Government Affairs, Scotiabank, (416) 866-6443, [email protected]; Maeve Hannigan, BlackRock Asset Management Canada, T - 416-643-4058, C - 416-564-1540, [email protected]