The company has filed a preliminary prospectus for a series of balanced mutual funds, BlackRock Strategic Portfolios Series built with iShares ETFs.
Designed to fulfill the growing requirements of Canadian investors, the balanced fund will deliver the diversification and efficiencies to advisors and their clients in line with the current market scenario.
BlackRock Canada head Noel Archard said, "Our customers have asked us to bring the asset allocation capability of the world’s largest asset manager to mutual funds leveraging our industry-leading iShares ETFs, and we have delivered.
"Advisors and other investors want simple investment options that have the diversification, efficiency and transparency they need in today’s markets," Archard added.
Leveraging the strength of its Canadian iShares business with this integrated platform, BlackRock Canada will offer investment products to fill the evolving needs of investors.
Presently, the company manages mutual fund platforms in over 35 nations with more than $420bn in assets under management.
