RBC Global Asset Management (RBC GAM) has launched four new Exchange Traded Funds (ETFs) on the Toronto Stock Exchange including three global equity options that offer international diversification and access to high-quality global companies.
RBC Strategic Global Dividend Leaders ETF (RLD) offers regular income from global companies by following the rules-based Quant Dividend Leaders investment process, which screens for income, financial strength and growth potential. This ETF will have a management fee of 0.55 per cent.
RBC Strategic Global Equity Leaders ETF (RLE) offers long-term capital growth from global companies by following the rules-based Quant Equity Leaders investment process, which seeks to avoid companies with low quality of earnings, expensive valuations and slow growth. This ETF will have a management fee of 0.55 per cent.
RBC Quant Emerging Markets Equity Leaders ETF (RXE and RXE.u) offers long-term capital growth by focusing on companies domiciled in emerging markets. This ETF follows the rules-based Quant Equity Leaders investment process, which seeks to avoid companies with low quality of earnings, expensive valuations and slow growth. This ETF will have a management fee of 0.64 per cent. The ticker symbol "RXE" represents Canadian-dollar-denominated units, while the ticker symbol "RXE.u" represents U.S.-dollar denominated units.
"In today's global market, investors and advisors are facing challenges when looking for strong investment opportunities while effectively managing risk," says Mark Neill, head of RBC ETFs. "We are pleased to address that need by offering ETFs that are designed to take advantage of global opportunities and mitigate risk. Today's launch extends our successful suite of RBC Quant Dividend Leaders and RBC Quant Equity Leaders ETFs, which feature a disciplined investment process and competitive fees."
In addition, RBC GAM Inc. announced the expansion of its award-winning1 fixed income ETF suite with the addition of a short duration broad Canadian bond solution.
RBC 1-5 Year Laddered Canadian Bond ETF (RLB) offers exposure to a diversified portfolio of high-quality Canadian investment grade corporate and government bonds. The ETF offers the potential for a steady stream of income and enhanced yield through exposure to a diversified portfolio of bond holdings. This ETF will have a management fee of 0.22 per cent.
The four new ETFs launched today bring the total number of RBC ETFs to 24, with over CAD1.5 billion in assets under management. RBC Global Asset Management Inc is the fastest growing ETF provider in Canada, based on flows as a percentage of assets under management for the year 2015.