Canadian ETF knowledgebase
The fund seeks to provide long-term capital growth by investing primarily in iShares ETFs, managed by BlackRock Canada or an affiliate, that provide exposure to one or more alternative asset classes.
The fund will ordinarily invest in iShares ETFs, but may also use individual securities and/or derivatives to gain exposure to these asset classes.
BlackRock will seek to create an asset allocation for the fund through a proprietary multi-factor selection process that seeks to identify and optimally diversify certain fundamental sources of return.
Alternative asset classes includes but is not limited to, commodities, real estate investment trusts, income trusts, real return bonds, emerging market equities, emerging market bonds, high yield bonds, specialty equities, infrastructure and private equity.
The fund is intended to complement an investor's portfolio that consists primarily of Canadian equities, Canadian nominal bonds and large capitalization international equities from developed markets and as such, it will not typically invest in iShares ETFs, other issuers, or derivatives which provide exposure to these asset classes.
The fund may also employ currency hedging.
|Category (main)||Global (non-Canada) multi-asset classes - Alternatives Growth|
|Category (other)||Fund of funds|
|Underlying Index||No Index|
|ETF Structure||ETF of ETFs (ie fund of funds)|
|Asset Class||Multi-asset classes|
|Region||Global (excludes Canada)|
|Issuer||iShares Canada by Blackrock|
|ETF Home Page||Available here|
|Inception Date||13 Nov 2008|
|Total Holdings||8 (2,127) *1|
|Significant Currency Exposure||Yes|
|Currency Hedging||Maybe *2|
*1 Holds various iShares ETFs
*2 Prospectus states fund MAY employ currency hedging
|Management Expense Ratio (MER)||0.73%|
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Yes|
|PACC Plan available **||No|
|SWP available **||No|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Blackrock need to improve their website and fund Fact Sheets.
Neither make these important aspects clear for this fund:
Given this is a fund-of-funds, we also encourage Blackrock to look at ways of reducing the fund's MER ().