The RBC iShares Alliance Expands Lineup with New Active A.I. and Technology ETF
Key Highlights
- ➤XBAI launches on TSX, targeting global artificial intelligence and technology companies
- ➤XBAI charges a 0.70% annual management fee
- ➤XBAI will invest at least 80% of net assets in A.I. and technology equities
- ➤XBAI is BlackRock’s first fundamental active equity ETF in Canada
- ➤iShares reported approximately US$6.2 trillion in assets under management as of June 30, 2026
Expert Statements
Tony Kim, Head of the Fundamental Equities Technology Group at BlackRock
“Artificial intelligence is one of the most defining technological shifts of our time. While the A.I. revolution is still in its early stages, we believe its long-term impact will be profound”
Tony Kim, Head of the Fundamental Equities Technology Group at BlackRock
“This ETF aims to help investors capture opportunities across the full A.I. stack through an active approach that can adapt as technology and markets evolve.”
Steven Leong, Managing Director, Head of Canada Product and iShares at BlackRock
“Tony Kim and BlackRock’s Fundamental Equities Technology team have developed a compelling approach to identifying companies poised to benefit from A.I. adoption”
Steven Leong, Managing Director, Head of Canada Product and iShares at BlackRock
“As BlackRock’s first fundamental active equity ETF in Canada, XBAI brings the firm's active management expertise to Canadians with a focus on opportunities across the global A.I. value chain.”
TORONTO, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Today, the RBC iShares alliance expands its exchange traded fund (ETF) lineup with the launch of the iShares A.I. Innovation and Tech ETF (the ‘iShares Fund’ or ‘XBAI’).
XBAI is expected to begin trading on the Toronto Stock Exchange (TSX) today and is managed by BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect wholly-owned subsidiary of BlackRock, Inc.
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