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Toronto-based BlackRock Asset Management Canada Ltd. is lowering the fees and increasing the number of holdings of two U.S. equity-focused exchange-traded funds (ETF).

The annual management fees of iShares Core S&P U.S. Total Market Index ETF and a Canadian dollar-hedged version are being reduced to 0.07%, which is in effect on Tuesday.

Both ETFs are also expected to increase their broad-based exposure to U.S. companies to more than 3,700 individual securities.

“As the world’s largest economy, we know the U.S. market often holds an important role in an investors’ portfolio,” says Warren Collier, managing director, head of BlackRock Canada’s iShares division. “As part of our mandate to deliver easy-to-access, well-diversified, and cost-effective solutions through our iShares Core funds, these product enhancements are another step toward delivering on that goal.”

Both ETFs were launched in February 2015 and cover the holdings of large-, mid-, small- and micro-capitalized companies.