BlackRock announces fee changes

iShares, BlackRock Canada’s ETF business, today announced changes to the iShares Core suite.

The annual management fees of the iShares Core S&P U.S. Total Market Index ETF (XUU) and iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH) will now be offered at 0.07%. The changes to both funds is effective today.

Both XUU and XUH were launched in February of 2015, and provide investors with broad-based exposure to the total U.S. equity market, covering large-, mid-, small- and micro-capitalized companies. In addition to the fee reduction, both funds are expected to increase their respective exposure to more than 3,700 individual securities, tracking the broadest U.S. market coverage index in Canada.

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