RBC Global Asset Management Inc (RBC GAM), has expanded its product offering with the launch of seven new index-tracking Exchange Traded Funds (ETFs).
“Over the past six years, Canadian investors and advisors have entrusted over CAD3.5 billion to RBC ETFs, making RBC Global Asset Management one of Canada’s leading ETF providers,” said Mark Neill, head of RBC ETFs. “We are pleased to continue to expand our ETF line-up in the interest of client choice. Our newest ETFs bring the total number of RBC ETFs to 35.”
The seven new index tracking ETFs are sub-advised by State Street Global Advisors (SSGA), the investment management arm of State Street Corporation. SSGA focuses on providing highly disciplined, risk controlled investment strategies to the global marketplace.
“We are excited to be working with SSGA as sub-advisor on these ETFs,” adds Neill. “The relationship between SSGA and RBC Global Asset Management has existed for nearly 20 years, dating to the launch of the first RBC index mutual funds in 1998. With today’s launch, we are pleased to bring SSGA’s capabilities to the Canadian ETF marketplace.”
Additionally, the seven new RBC ETFs will follow indexes provided by FTSE Russell. FTSE Russell has an established reputation for transparent, robust, rules-driven index construction methodologies. RBC GAM Inc. has worked with FTSE Russell since the launch of the RBC Target Maturity Corporate Bond ETFs in 2011.
The offering of the new RBC ETFs has closed and they will begin trading today on the Aequitas NEO Exchange. The new ETFs are: RBC FTSE TMX Canada Universe + Canadian Maple Short Term Overall Bond Short Index Term Bond Index ETF (RCSB); RBC FTSE TMX Canada Universe + Canadian Maple Bond Index Bond Index ETF (RCUB); RBC Citi World Government Bond Global Index (Currency-Hedged in Government CAD) Bond Index (CAD Hedged) ETF (RGGB); RBC FTSE Canada All Cap Domestic Canadian Index Equity Index ETF (RCAN); RBC US Equity Index ETF FTSE USA Index (RUSA); RBC FTSE Developed ex North America International Index Equity Index ETF (RINT); and RBC Emerging Markets Equity Index ETF FTSE Emerging Index (REEM).
In addition to the new ETFs listed above, RBC GAM Inc. recently filed a final prospectus for four new actively managed fixed income ETFs to be launched later this year. These upcoming ETFs will leverage the investment capabilities behind the PH&N and BlueBay fixed income funds, enabling Canadian ETF investors to access a broad spectrum of expertise drawn from across RBC Global Asset Management’s fixed income teams.
“As we bring new index solutions to our ETF line-up today, we also look forward to further expanding our suite of income-generating ETFs in the near future,” adds Neill.