(February 19 – 16:10 ET) – Barclays Global Investors Canada Limited is launching six new exchange-traded funds that will trade on the Toronto Stock Exchange. BGI Canada says regulators in each of the provinces and territories of Canada issued final receipts for the prospectus on February 16

The iUnits(TM) S&P/TSE 60 Capped Index Fund (XIC) boasts and MER of 0.17% and commences trading on February 22.

The i60C Fund will track the S&P/TSE 60 Capped Index. It includes all the constituent companies included in the S&P/TSE 60 Index. However, unlike the S&P/TSE 60 Index, the weight of any one constituent company in the S&P/TSE 60 Capped Index is limited to 10%.

The iUnits S&P/TSE Canadian MidCap Index (XMD) has an MER of 0.55% and commences trading on March 8. The iMidCap Fund will track the S&P/TSE Canadian MidCap Index.

The iUnits S&P/TSE Canadian Energy Index Fund (XEG) and the iUnits S&P/TSE Canadian Information Technology Index Fund (XIT) share an MER of 0.55%. and commence trading on March 22. The iEnergy Fund will track the S&P/TSE Canadian Energy Index. The iIT Fund will track the S&P/TSE Canadian Information Technology Index.

The iUnits S&P/TSE Canadian Gold Index Fund (XGD) and the iUnits S&P/TSE Canadian Financials Index Fund (XFN) both have an MER of 0.55% and begin trading on March 29. The iGold Fund will track the S&P/TSE Canadian Gold Index, and the iFin Fund will track the S&P/TSE Canadian Financials Index.

“Our six new iUnits funds, when combined with the existing i60, iG5 and iG10, will allow investors to build balanced portfolios consisting entirely of iUnits,” said Gerry Rocchi, president of BGI Canada. “We are committed to the development of new ETFs that meet the needs of investors,” he added.

RBC Dominion Securities Inc. and BMO Nesbitt Burns will act as lead underwriters and will provide market-making services to the iUnits funds as registered traders on the TSE.

The S&P/TSE Canadian MidCap Index is a market capitalization-weighted index calculated by S&P. The weights of the companies that make up the S&P/TSE Canadian MidCap Index are not capped at a predetermined level. The iMidCap Fund is designed to complement the i60 Fund by allowing investors to diversify across a broader range of Canadian companies in a single investment. Investors will also be able to use the iMidCap Fund to apply strategies based on the expected performance of smaller versus larger Canadian companies.
-IE Staff