BlackRock launches iShares A.I. Innovation and Tech ETF on TSX with 0.70% fee
BLK•BlackRock launched the actively managed iShares A.I. Innovation and Tech ETF, ticker XBAI, on the Toronto Stock Exchange with a 0.70% annual management fee. The fund targets long-term capital growth and will invest at least 80% of net assets in artificial intelligence and technology companies.
1. Fund strategy and fee
The fund targets long-term capital growth through global equities tied to artificial intelligence and technology. Its mandate requires at least 80% of net assets to be invested in A.I. and technology companies across market capitalizations and geographies, including emerging markets.
