RBC iShares Expands iShares Core Offering with Launch of New ETFs

Core Insights - RBC iShares has launched two new iShares ETFs, expanding its Core ETF lineup to provide investors with more options for diversified investment [1][6] - The iShares Core S&P Total U.S. Stock Market Index ETF (XTOT) offers broad exposure to the entire U.S. equity market, including large-, mid-, small-, and micro-cap companies [2][3] - The iShares Core Canadian Short-Mid Term Universe Bond Index ETF (XSMB) provides access to a diversified range of Canadian bonds with maturities between 1 and 10 years [4][5] Fund Details - XTOT has an annual management fee of 0.07%, while XSMB has a management fee of 0.15% [7] - Both ETFs are expected to begin trading on the Toronto Stock Exchange (TSX) [6] - The launch aims to help Canadian investors build efficient portfolios and achieve their investment objectives [7] Company Background - BlackRock Canada manages the iShares Funds, which are part of a larger suite of over 1,500 ETFs with approximately US$4.3 trillion in assets under management as of March 31, 2025 [10] - RBC Global Asset Management, a division of Royal Bank of Canada, provides investment management services and solutions across various investment vehicles [13]