RRSP Q&A: Are Canadians protected if iShares goes under?

Answers to your RRSP questions.

  3

by

Online only.

  3

From February 16 to 19, 2010, MoneySense.ca’s top financial planners are answering your RRSP questions. For the full list of questions answered — or to submit a question of your own — click here.

In the U.K., the investment company which manages iShares’ ETF’s is based in Ireland and (apparently) investors are not protected under U.K. regulation if iShares went bust. Are Canadian investors in iShares ETFs protected, and if so, to what level? —Pete Notter

Warren Mackenzie and Ken Hawkins: iShares assets are held in a custodian account,  separate from the management company’s  assets, which is BlackRock Asset Management Canada Limited (“BlackRock”). If Blackrock goes bankrupt the underlying assets of a iShare unit are protected. The iShares can not go bankrupt, even if the management company does.

Next question: I’m 69 — should I put money from house sale in RRSP?

Back to main RRSP Q&A page.

Let us know what you think in the comments below.

3 comments on “RRSP Q&A: Are Canadians protected if iShares goes under?

  1. I have been absent for some time, but now I remember why I used to love this blog. Thank you, I’ll try and check back more frequently. How frequently you update your site?

    Reply

  2. Pingback: cheap flights

Leave a comment

Your email address will not be published. Required fields are marked *