TORONTO, Oct. 13, 2026 (GLOBE NEWSWIRE) — Today, the RBC iSha es allia ce expa ds its excha ge t aded fu d (ETF) li eup with the lau ch of the iSha es A.I. I ovatio a d Tech ETF (the ‘iSha es Fu d’ o ‘XBAI’).
XBAI is expected to begi t adi g o the To o to Stock Excha ge (TSX) today a d is ma aged by BlackRock Asset Ma ageme t Ca ada Limited (BlackRock Ca ada), a i di ect wholly-ow ed subsidia y of BlackRock, I c.
| iSha es A.I. I ovatio a d Tech ETF | XBAI | 0.70% |
XBAI seeks to p ovide lo g-te m capital g owth by p ima ily i vesti g i equity secu ities issued by U.S. a d o -U.S. a tificial i tellige ce (A.I.) a d tech ology compa ies. The ETF takes a active app oach to ide tifyi g oppo tu ities ac oss the A.I. value chai — f om the i f ast uctu e powe i g A.I. to the i tellige ce a d models d ivi g it, to the applicatio s a d se vices b i gi g A.I. i to the eal eco omy.
XBAI aims to ide tify both established A.I. leade s a d eme gi g be eficia ies whose g owth a d ea i gs pote tial may i c easi gly be shaped by A.I. The i vestme t team co side s compa ies with mea i gful cu e t o expected exposu e to A.I., as well as busi esses it believes ca become futu e leade s as the tech ology develops a d adoptio b oade s. U de o mal ma ket co ditio s, XBAI will i vest at least 80% of its et assets i equity secu ities of A.I. a d tech ology compa ies. XBAI’s flexible ma date allows the team to i vest ac oss ma ket capitalizatio s a d geog aphies, i cludi g eme gi g ma kets, p ovidi g b oad access to A.I. oppo tu ities.
XBAI is the latest additio to iSha es’ g owi g active ETF platfo m, givi g Ca adia i vesto s a efficie t way to b oadly access global A.I. oppo tu ities — f om the compa ies buildi g the fou datio s of A.I. to those t a slati g the tech ology i to eal-wo ld p oducts, se vices a d p oductivity gai s.
“A tificial i tellige ce is o e of the most defi i g tech ological shifts of ou time. While the A.I. evolutio is still i its ea ly stages, we believe its lo g-te m impact will be p ofou d,” said
“To y Kim a d BlackRock’s Fu dame tal Equities Tech ology team have developed a compelli g app oach to ide tifyi g compa ies poised to be efit f om A.I. adoptio ,” said
The RBC iSha es allia ce aims to help clie ts achieve thei i vestme t objectives by empowe i g them to build efficie t po tfolios a d take co t ol of thei fi a cial futu es. The RBC iSha es allia ce is committed to delive i g a t uly diffe e tiated ETF expe ie ce a d positive outcomes fo clie ts.
Fo mo e i fo matio about the RBC iSha es allia ce, please visit https://www. bcisha es.com.
BlackRock’s pu pose is to help mo e a d mo e people expe ie ce fi a cial well-bei g. As a fiducia y to i vesto s a d a leadi g p ovide of fi a cial tech ology, we help millio s of people build savi gs that se ve them th oughout thei lives by maki g i vesti g easie a d mo e affo dable. Fo additio al i fo matio o BlackRock, please visit www.black ock.com/co po ate
iSha es u locks oppo tu ity ac oss ma kets to meet the evolvi g eeds of i vesto s. With mo e tha twe ty yea s of expe ie ce, a global li e-up of mo e tha 1,700 excha ge t aded fu ds (ETFs) a d app oximately US$6.2 t illio i assets u de ma ageme t as of Ju e 30, 2026, iSha es co ti ues to d ive p og ess fo the fi a cial i dust y. iSha es fu ds a e powe ed by the expe t po tfolio a d isk ma ageme t of BlackRock.
Royal Ba k of Ca ada is a global fi a cial i stitutio with a pu pose-d ive , p i ciples-led app oach to delive i g leadi g pe fo ma ce. Ou success comes f om the 105,000+ employees who leve age thei imagi atio s a d i sights to b i g ou visio , values a d st ategy to life so we ca help ou clie ts th ive a d commu ities p ospe . As Ca ada’s biggest ba k a d o e of the la gest i the wo ld, based o ma ket capitalizatio , we have a dive sified busi ess model with a focus o i ovatio a d p ovidi g exceptio al expe ie ces to ou mo e tha 19 millio clie ts i Ca ada, the U.S. a d 27 othe cou t ies. Lea mo e at bc.com.
We a e p oud to suppo t a b oad a ge of commu ity i itiatives th ough do atio s, commu ity i vestme ts a d employee volu tee activities. See how at bc.com/peoplea dpla et.
RBC Global Asset Ma ageme t (RBC GAM) is the asset ma ageme t divisio of Royal Ba k of Ca ada (RBC). RBC GAM is a p ovide of global i vestme t ma ageme t se vices a d solutio s to i stitutio al, high- et-wo th a d i dividual i vesto s th ough sepa ate accou ts, pooled fu ds, mutual fu ds, hedge fu ds, excha ge-t aded fu ds a d specialty i vestme t st ategies. RBC Fu ds, BlueBay Fu ds, PH&N Fu ds a d RBC ETFs a e offe ed by RBC Global Asset Ma ageme t I c. (RBC GAM I c.) a d dist ibuted th ough autho ized deale s i Ca ada. The RBC GAM g oup of compa ies, which i cludes RBC GAM I c. (i cludi g PH&N I stitutio al), ma age app oximately $834 billio i assets a d have app oximately 1,600 employees located ac oss Ca ada, the U ited States, Eu ope a d Asia.
The RBC iSha es allia ce i cludes RBC ETFs a d ETF Se ies of RBC Fu ds ma aged by RBC GAM I c. a d iSha es ETFs ma aged by BlackRock Ca ada. Commissio s, t aili g commissio s, ma ageme t fees a d expe ses all may be associated with i vesti g i ETFs. Please ead the eleva t p ospectus o ETF Facts docume t befo e i vesti g. ETFs a e ot gua a teed, thei values cha ge f eque tly a d past pe fo ma ce may ot be epeated. Tax, i vestme t a d all othe decisio s should be made, as app op iate, o ly with guida ce f om a qualified p ofessio al.
® / TM T adema k(s) of Royal Ba k of Ca ada. Used u de lice se. iSHARES is a egiste ed t adema k of BlackRock, I c., o its subsidia ies i the U ited States a d elsewhe e. Used u de lice se. © 2026 BlackRock Asset Ma ageme t Ca ada Limited a d RBC Global Asset Ma ageme t I c. All ights ese ved.
1 As a a ualized pe ce tage of the iSha es Fu d’s daily et asset value. The ma ageme t fee is exclusive of HST.
