RBC Global Asset Management has launched five new Exchange Traded Funds (ETFs) 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,” says 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 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.
The 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.
The RBC Short-Term US 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.
The 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.
In addition, RBC GAM Inc. has introduced a new solution to its recently launched suite of index-tracking ETFs.
The 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.
“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,” says 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 USD4 billion in ETF assets and, with the addition of these five funds, we now have 40 funds and 50 tickers.”