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BlackRock has filed a preliminary prospectus to sell a series of balanced mutual funds in Canada.
“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,” says Noel Archard, head of BlackRock Canada.
BlackRock currently manages mutual fund platforms in more than 35 countries with more than US$420 billion in assets under management.
In Canada, BlackRock’s mutual fund platform will capitalize on the ability to package the entire suite of active and index products.
The company will release more details in the fall.
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