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RBC Global Asset Management, BlackRock Canada partner to launch RBC iShares

RBC Global Asset Management Inc. and Blackrock Asset Mgmt (CA) Ltd. teamed up to launch RBC iShares, a suite that combines the two companies' exchange-traded funds.

RBC iShares includes a total of 150 ETFs and has a combined value of C$60 billion. There is no change to the names or ticker symbols of the ETFs as a result of the alliance.

RBC Global Asset Management and BlackRock Canada will remain as separate legal entities.