TORONTO, Oct. 19, 2017 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of five new Exchange Traded Funds (ETFs). The offering of the new RBC ETFs has closed and they will begin trading today on the Toronto Stock Exchange.
Four of these new ETFs leverage investment capabilities from the fixed income teams at RBC Global Asset Management, which includes Phillips, Hager & North Investment Management and BlueBay Asset Management, to provide Canadian ETF investors with access to a broad spectrum of expertise.
"RBC Global Asset Management Inc. has been consistently recognized as a leader in fixed income investment solutions," said Doug Coulter, President of RBC GAM Inc. "We are excited to leverage the capabilities from our diverse, global fixed income teams, applying their expertise within our growing family of ETFs."
The fixed income ETFs introduced today include:
| Ticker |
Fund name and description |
Management Fee |
| RPSB |
RBC PH&N Short Term Canadian Bond ETF invests primarily in a diversified portfolio of short duration Canadian government and corporate bonds, as well as Canadian bonds issued by foreign corporations. RPSB is actively managed by the award-winning* fixed income investment team at Phillips, Hager & North Investment Management and aims to provide attractive monthly income and stability of capital.
|
0.35% |
| RMBO |
RBC 6-10 Year Laddered Canadian Corporate Bond Ladder ETF consists of a rules-based, actively managed portfolio of Canadian bonds with a term to maturity ranging from six to 10 years. RMBO aims to provide regular monthly income and offers staggered maturities to aim to reduce interest rate risk.
|
0.25% |
| RUSB |
RBC Short-Term U.S. Corporate Bond ETF invests primarily in short duration U.S. corporate bonds and is the first active short-term U.S. fixed income ETF in Canada. RUSB aims to provide investors with attractive yield and potential for modest capital appreciation. RUSB is also offered in a USD version with the ticker RUSB.U.
|
0.35% |
| RBDI |
RBC BlueBay Global Diversified Income (CAD Hedged) ETF consists of a diversified global bond portfolio designed to maximize yield for a particular level of credit risk by targeting bonds with the most attractive yield/quality characteristics. RBDI aims to provide investors a simple way to access attractive monthly income from a specialty global fixed income strategy.
|
0.60% |
In addition, RBC GAM Inc. has introduced a new solution to its recently launched suite of index-tracking ETFs:
| Ticker |
Fund name and description |
Management Fee
|
| RBNK |
RBC Canadian Bank Yield Index ETF tracks the performance of a portfolio of the largest six Canadian bank stocks. RBNK aims to provide investors with an efficient way to invest in the Canadian banks and an attractive source of tax-efficient income. |
0.29% |
"As our ETF family continues to grow, we are pleased to offer an expanded range of solutions to help our clients take advantage of market opportunities," said Mark Neill, Head of RBC ETFs. "This year, we have significantly expanded our ETF line-up in response to continued strong demand from investors and advisors. We now manage more than $4 billion in ETF assets and, with the addition of these five funds, we now have 40 funds and 50 tickers."
For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETF). Please read the prospectus or Fund Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., which is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.
*PH&N Funds received the 2016 Lipper Award for the Best Overall Funds Group. The Lipper Awards were based on best risk-adjusted performance for periods ended July 31, 2016. From Thomson Reuters Lipper Awards, © 2016 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. www.lipperfundawards.com
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manages approximately $400 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498
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