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.