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.
About BlackRock
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
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, 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