The BlackRock Asset Management Canada-managed fund offers active exposure to artificial intelligence (AI) and technology companies across developed and emerging markets.
The RBC iShares alliance has expanded its exchange-traded fund (ETF) lineup with the launch of the iShares AI Innovation and Tech ETF (XBAI). The fund aims to invest in both established companies with significant exposure to AI The fund began trading on the Toronto Stock Exchange on 13 October and is managed by BlackRock Asset Management Canada, an indirect wholly owned subsidiary of BlackRock. BlackRock said XBAI seeks to provide long-term capital growth by primarily investing in equ