BlackRock Canada Announces DRIPs Across All iShares ETFs

By
Devon Layne
October 15, 2012
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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.

Visit ETFstrategy.co.uk for the full story.

ETF DAILY DATA

A slew of iShares bond funds suffered outflows on Monday, March 2, but rising markets lifted total U.S.-listed ETF assets to $2.097 trillion.

'SPY,' 'GLD' and a slew of SPDR sector funds paced SSgA's issuer-leading outflows on Monday, March 2. But rising markets offset net outflows, lifting total U.S.-listed ETF assets to $2.097 trillion.

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