Barclays Global Investors Canada launches iShares Portfolio Builder Funds, a series of new funds that reportedly give investors and advisors a new way to approach portfolio construction and asset allocation while managing risks with less cost and less hassle than before, as Datamonitor reports.
The iShares Portfolio Builder Funds are comprised of four distinctly focused funds, built from a combination of iShares exchange traded funds (ETFs) which trade around the globe.
Barclays says that two of the new funds, the iShares Conservative Core Portfolio Builder Fund and the iShares Growth Core Portfolio Builder Fund are a convenient way to achieve cost-effective, efficient and diversified solutions to meet specific portfolio needs based on risk tolerance. The fees for these funds are 60 basis points.
The company has said that the other two funds, the iShares Global Completion Portfolio Builder Fund and the iShares Alternatives Completion Portfolio Builder Fund are a convenient way to achieve tailored exposure that targets a specific asset class allocation need. The fees for these funds are 70 basis points.
“In designing these funds we considered what has typically been ailing many Canadian investors’ portfolios, which is an overweight in domestic equities and a true lack of diversification,” says Cary Blake, head of global index and markets group at Barclays Canada. “We have taken our over 30 years of institutional investing expertise and packaged these funds for the Canadian investment community at large.”
D.C.