TORONTO, April 24,
2024 /CNW/ - RBC iShares today expanded its exchange
traded fund ("ETF") lineup with the launch of six RBC Target
Maturity U.S. Corporate Bond ETFs, as well as RBC Target 2030
Canadian Government Bond ETF and RBC Target 2030 Canadian Corporate
Bond Index ETF. These eight new ETFs are managed by RBC Global
Asset Management Inc. ("RBC GAM Inc.") and are expected to begin
trading on the Toronto Stock Exchange today.
New RBC Target Maturity U.S.
Corporate Bond ETF suite
With the new RBC Target Maturity U.S. Corporate Bond ETFs, RBC
iShares is extending the coverage of the RBC Target Maturity Bond
ETFs to the U.S. fixed income market, offering advisors and
investors the same convenient portfolio diversification
opportunities that its Canadian suite has offered investors for
some time.
With maturities ranging from 2025 until 2030, each RBC Target
Maturity U.S. Corporate Bond ETF seeks to provide income, for a
limited period of time ending on its respective Termination Date
(defined as on or about September 30
of the applicable maturity year), by investing primarily in a
portfolio of investment grade fixed income securities issued in the
U.S. market by U.S. and foreign corporations that mature in the
same calendar year as its respective Termination Date. Each RBC
Target Maturity U.S. Corporate Bond ETF is available in U.S. dollar
and Canadian dollar units.
Expansion of existing RBC Target
Maturity Canadian Government Bond ETF and RBC Target Maturity
Canadian Corporate Bond Index ETF suites
In addition, RBC GAM Inc. has extended the available maturities
of the existing RBC Target Maturity Canadian Government Bond ETF
and RBC Target Maturity Canadian Corporate Bond Index ETF suites by
launching RBC Target 2030 Canadian Government Bond ETF and RBC
Target 2030 Canadian Corporate Bond Index ETF. With the addition of
these two new ETFs, Canadian advisors and investors can now choose
from maturities ranging from 2024 until 2030, helping them target
duration in their fixed income portfolio or build bond ladders.
RBC Target Maturity
Bond ETF Name
|
Ticker
|
Management
Fee
|
RBC Target 2025 U.S.
Corporate Bond ETF (USD units)
|
RUQN.U
|
0.20 %
|
RBC Target 2025 U.S.
Corporate Bond ETF
|
RUQN
|
0.20 %
|
RBC Target 2026 U.S.
Corporate Bond ETF (USD units)
|
RUQO.U
|
0.20 %
|
RBC Target 2026 U.S.
Corporate Bond ETF
|
RUQO
|
0.20 %
|
RBC Target 2027 U.S.
Corporate Bond ETF (USD units)
|
RUQP.U
|
0.20 %
|
RBC Target 2027 U.S.
Corporate Bond ETF
|
RUQP
|
0.20 %
|
RBC Target 2028 U.S.
Corporate Bond ETF (USD units)
|
RUQQ.U
|
0.20 %
|
RBC Target 2028 U.S.
Corporate Bond ETF
|
RUQQ
|
0.20 %
|
RBC Target 2029 U.S.
Corporate Bond ETF (USD units)
|
RUQR.U
|
0.20 %
|
RBC Target 2029 U.S.
Corporate Bond ETF
|
RUQR
|
0.20 %
|
RBC Target 2030 U.S.
Corporate Bond ETF (USD units)
|
RUQS.U
|
0.20 %
|
RBC Target 2030 U.S.
Corporate Bond ETF
|
RUQS
|
0.20 %
|
RBC Target 2030
Canadian Government Bond ETF
|
RGQS
|
0.15 %
|
RBC Target 2030
Canadian Corporate Bond Index ETF
|
RQS
|
0.20 %
|
"RBC Global Asset Management launched Canada's first suite of Target Maturity Bond
ETFs in 2011, and since their inception, they have grown to over
$3 billion in assets," said
Mark Neill, managing director and
head of RBC ETFs and Strategic Alliances, RBC Global Asset
Management Inc. "With the introduction of these eight new
solutions, RBC iShares is expanding one of our most popular and
innovative suites of ETFs to meet the needs of more investors. We
strongly believe these solutions will continue to receive
significant interest from Canadian investors who are attracted to
the ease and convenience they provide when constructing their
portfolios."
The expanded suite of RBC Target Maturity Bond ETFs increases
the availability of solutions to help advisors and investors solve
common challenges faced when managing their fixed income
portfolios. Together, this suite of ETFs aims to provide simple and
transparent access via a wide range of diversified bond portfolios
and the ability to manage duration more precisely.
For more information about RBC iShares, please visit
https://www.rbcishares.com.
RBC iShares are comprised of RBC ETFs managed by RBC Global
Asset Management Inc. and iShares ETFs managed by BlackRock Asset
Management Canada Limited. Commissions, management fees and
expenses all may be associated with investments in exchange-traded
funds ("ETFs"). Please read the applicable prospectus or ETF 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 GAM Inc., 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, Phillips, Hager & North Investment Management and RBC
Indigo Asset Management Inc. 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.
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$3.7 trillion in assets under
management as of March 31, 2024,
iShares continues to drive progress for the financial industry.
iShares funds are powered by the expert portfolio and risk
management of BlackRock.
SOURCE RBC Global Asset Management Inc.