(September 28 – 15:30 ET) – Barclays Global Investors Canada Ltd. says it has filed a preliminary prospectus with the regulatory authorities across Canada with respect to six new iUnits exchange-traded funds.

The six ETFs are: S&P/TSE Canadian MidCap Index Fund; S&P/TSE Canadian Energy Index Fund; S&P/TSE Canadian Information Technology Index Fund; S&P /TSE Canadian Gold Index Fund; S&P/TSE Canadian Financials Index Fund; S&P/TSE 60 Capped Index Fund.

BGI Canada says ach of the four sector funds will invest in substantially all of the shares in the applicable indices in approximately the same proportions as they are reflected in each index.

The sector indices are: S&P/TSE Canadian Energy Index; S&P/TSE Canadian Information Technology Index; S&P/TSE Canadian Gold Index; and S&P/TSE Canadian Financials Index

The broader-based i60C Fund will invest in all of the shares in the S&P/TSE 60 Capped Index in the same proportion as those shares are reflected in that index. The iMidCap Fund will invest in substantially all of the shares in the S&P/TSE Canadian MidCap Index.

“The i60C Fund is all about giving investors flexibility and choice. Investors and their advisors will be able to hold the i60C Fund alone for a single-company exposure capped at 10%; or our existing i60 Fund, based on the unconstrained S&P/TSE 60 Index; or a combination of both to achieve a desired ‘comfort zone’,” said Gerry Rocchi, President of BGI Canada.

“These six new iUnits Funds fill an important gap in the exchange-traded fund offerings available to Canadian investors. When combined with the i60 Fund, and the four iUnits Funds for which we have already filed preliminary prospectuses, they will create a family of ETFs that will allow investors to build a balanced, well-diversified portfolio of their choice — based entirely on iUnits.” said Rocchi.
-IE Staff