# RBC iShares Launches Active AI ETF on Toronto Stock Exchange

- URL: https://stocks.freetheai.org/news/rbc-ishares-launches-active-ai-etf-on-toronto-stock-exchange-0aeb4e
- Published: 2026-10-13T12:00:00Z
- Category: company_news; sentiment: neutral; impact: low
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The RBC iShares alliance expanded its exchange-traded fund lineup with the launch of the iShares A.I. Innovation and Tech ETF (XBAI). The fund is expected to begin trading on the Toronto Stock Exchange today and is managed by BlackRock Asset Management Canada Limited, an indirect wholly-owned subsidiary of BlackRock, Inc. (BLK).

The active fund aims to provide long-term capital growth by investing primarily in equity securities of U.S. and international artificial intelligence and technology companies. Under normal market conditions, at least 80% of its net assets will be invested in AI and tech firms. Its mandate spans across market capitalizations and geographies, covering companies powering AI infrastructure, models, and real-world applications.

Investors will monitor how the fund builds out its portfolio across established industry leaders and emerging beneficiaries as artificial intelligence adoption broadens globally.

## Key points

- The iShares A.I. Innovation and Tech ETF (XBAI) begins trading on the Toronto Stock Exchange today.
- The fund is managed by BlackRock Asset Management Canada Limited, a subsidiary of BlackRock, Inc. (BLK).
- At least 80% of net assets will be invested in U.S. and non-U.S. artificial intelligence and technology equities under normal market conditions.
- The ETF takes an active investment strategy across global markets, market capitalizations, and the broader AI value chain.

## Questions and answers

### What is the ticker symbol for the new RBC iShares AI ETF?

The fund trades on the Toronto Stock Exchange under the ticker symbol XBAI.

### Who manages the iShares A.I. Innovation and Tech ETF?

The ETF is managed by BlackRock Asset Management Canada Limited, a subsidiary of BlackRock, Inc.

### What does the XBAI ETF invest in?

Under normal conditions, XBAI invests at least 80% of its net assets in equity securities of global artificial intelligence and technology companies across infrastructure, models, and applications.