BlackRock, the parent of the world’s largest ETF sponsor, iShares, plans on providing dividend reinvestment plans—or DRIPs—to its Canadian clients for all 88 of the firm’s products, according to an article on ETF Strategy.
Investors will be able to quickly redirect yield back into their ETF investments if they wish. The change comes only seven months after BlackRock solidified its dominance in the Canadian ETF market by acquiring Claymore, according to the article.
The successful merger has brought the former Claymore funds a 25 percent increase in aggregate inflows since BlackRock acquired the firm seven months ago, according to ETF Strategy.
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