RBC iShares is now Canada’s largest ETF provider

The alliance between BlackRock and RBC could be the start of more industry consolidation, but in the short term, nothing changes for existing investors

Ruth Saldanha 10 January, 2019 | 5:00PM

Earlier this week, RBC Global Asset Management and BlackRock Asset Management Canada announced they would bring together their Canadian exchange traded funds (ETFs) under a new name, RBC iShares.

The alliance will have around 150 ETFs, with assets under management of around $60 billion, making it the largest ETF provider in Canada. The combined brand will create and market ETFs. Through the alliance, RBC will get access to BlackRock’s ETF expertise, while BlackRock will get access to RBC’s formidable distribution network.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

 

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