TORONTO, July 11, 2024 (GLOBE NEWSWIRE) -- Today, RBC iShares expands its exchange traded fund ("ETF") lineup with the launch of the industry's only S&P 500 3% Capped Index ETFs, furthering choice and access for Canadians seeking to diversify their investments in U.S. equity markets. iShares S&P 500 3% Capped Index ETF and iShares S&P 500 3% Capped Index ETF (CAD-Hedged) seek to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P 500 3% Capped Index and the S&P 500 3% Capped CAD Hedged Index respectively, net of expenses. The new ETFs offer diversification across different companies and sectors by capping securities in the index at 3% weight, potentially reducing concentration risk. The two ETFs will be managed by BlackRock Canada and will begin trading today on the Toronto Stock Exchange under the ticker symbols noted below. Fund Name Ticker Annual Management Fee