New Dynamic iShares Active ETF for Rising Interest Rate Environment
28 Mar, 2018, 08:30 ET
TORONTO, March 28, 2018 /CNW/ - Dynamic Funds and BlackRock Asset Management Canada Limited ("BlackRock Canada") today announced the launch of Dynamic iShares Active Investment Grade Floating Rate ETF (TSX Ticker: DXV). DXV aims to provide a floating rate of interest income while preserving capital by investing primarily in Canadian investment grade corporate bonds and through using interest rate derivatives that seek to mitigate the effects of interest rate fluctuations. The ETF will provide exposure to an active investment strategy managed by Marc-André Gaudreau.
"Investors looking to diversify their fixed income holdings in a climate of rising Canadian interest rates will find DXV a compelling and relevant solution," said Mark Brisley, Managing Director, Dynamic Funds. "Portfolio Manager Marc-André Gaudreau has a long history of using this investment approach so we are excited to offer this mandate in the ETF format."
"We're seeing significant uptake in actively managed ETFs, particularly for fixed income," said Pat Chiefalo, Head of iShares Canada at BlackRock. "We're excited to expand our successful partnership with Dynamic Funds to launch an innovative and timely solution for Canadian investors."
The units of Dynamic iShares Active Investment Grade Floating Rate ETF will be listed on the Toronto Stock Exchange (TSX) when the market opens today.
Dynamic iShares Active ETFs combine Dynamic's style of active portfolio management with BlackRock's industry-leading ETF execution and operational expertise. For more information about DXV and the other Dynamic iShares Active ETFs, 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 helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of December 31, 2017, the firm managed approximately US$6.288 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit 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 800 funds globally across multiple asset classes and strategies and more than US$1.5 trillion in assets under management as of December 31, 2017, 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.
1 Based on US$6.288 trillion in AUM as of 12/31/17
iShares® ETFs are managed by BlackRock Asset Management Canada Limited.
Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds 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.
SOURCE Dynamic Funds
For further information: Contact for Media: Alexandra Mathias, Canadian Banking Communications, Scotiabank, 416-933-8802, [email protected]; Julia Koene, Corporate Communications, BlackRock Canada, 416-643-4010, [email protected]
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