RBC iShares launches three new ETF Series of RBC Funds, expanding lineup of actively managed fixed income solutions

TORONTO, March 20, 2024 /CNW/ - RBC iShares today announced the launch of three new ETF Series of certain RBC Fixed Income Pools ("ETF Series") which are managed by RBC Global Asset Management Inc. ("RBC GAM Inc."). By introducing these ETF Series, RBC GAM Inc. is making the long-standing investment expertise of its global fixed income team available to ETF investors. The three new ETF Series are expected to begin trading on Cboe Canada today.

RBC Fixed Income Pools are actively managed by RBC GAM Inc. and leverage the global investment expertise of the fixed income teams at RBC Global Asset Management. The ETF Series represent a series of RBC Fixed Income Pools noted below, and trade in the same way as other ETFs.

Fund	Ticker Symbol	Management Fee
RBC Conservative Bond Pool – ETF Series	RCNS	0.40 %
RBC Core Bond Pool – ETF Series	RCOR	0.40 %
RBC Core Plus Bond Pool – ETF Series	RPLS	0.40 %

"Since their launch in 2018, RBC Fixed Income Pools have grown to over $8 billion in assets, by providing clients with three multi-asset and globally diversified portfolios to accommodate the risk and reward preferences of individual investors" said Mark Neill, managing director and head of RBC ETFs and Strategic Alliances, RBC Global Asset Management Inc. "By adding an ETF Series to these pools, Canadian investors who prefer to use ETFs will now be able to access the long-standing investment expertise of RBC Global Asset Management's global fixed income team to help them meet their investment goals."

RBC iShares aims to help clients achieve their investment objectives by empowering them to build efficient portfolios and take control of their financial futures. RBC iShares is committed to delivering a truly differentiated ETF experience and positive outcomes for clients.

More information on the RBC Fixed Income Pools can be found here.

RBC iShares ETFs are comprised of RBC ETFs and ETF Series of RBC Funds managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited ("BlackRock Canada"). Commissions, management fees and expenses all may be associated with investments in mutual funds and exchange-traded funds ("ETFs"). Please consult your advisor and read the applicable ETF Facts and prospectus before investing. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF Series is a class of securities offered by a conventional mutual fund however, unlike conventional mutual fund series, ETF Series are bought and sold at market price on a stock exchange like an ETF. Brokerage commissions will reduce returns. RBC Funds 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.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay 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 manage approximately $575 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @BlackRockCA

About iShares

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and US$3.5 trillion in assets under management as of December 31, 2023, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

iShares® ETFs are managed by BlackRock Asset Management Canada Limited

SOURCE RBC Global Asset Management Inc.

Brandon Dorey, RBC GAM Corporate Communications, [email protected], 416-955-7397