TORONTO, May 9, 2017 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the expansion of its ETF lineup with the introduction of the RBC Quant Global Real Estate Leaders ETF (TSX:RGRE).
"With this new ETF, we continue to grow our offering of real asset investment strategies, following our launch last September of RBC Quant Global Infrastructure Leaders ETF (TSX:RIG)," said Mark Neill, Head of RBC ETFs. "As investors increasingly seek stable sources of income to enhance the yield of their portfolios, diversified global real asset investment solutions will continue to grow in importance. RGRE and RIG are the first real asset ETFs in Canada that employ a quantitative methodology and we are pleased to offer these unique solutions to Canadian investors."
RBC Quant Global Real Estate Leaders ETF is a global real estate investment solution developed by the RBC Global Asset Management Quantitative Investment team. RGRE employs a rules-based, multi-factor approach to build a portfolio of global real estate investment trusts and real estate operating companies with attractive yields, strong balance sheets and stable cash flow. This ETF aims to provide stable, regular monthly income and long-term capital growth. The management fee of RGRE is 0.55% and is also available in a U.S. dollar option with the ticker symbol RGRE.u.
"With this launch, there are now more than 20 RBC ETFs available to investors that apply our proprietary quantitative investment approach," said Bill Tilford, Head of Quantitative Investments. "For each of these ETFs, we employ a specifically designed security selection and weighting methodology with the goal of maximizing risk-adjusted returns."
The initial offering of the RBC Quant Global Real Estate Leaders ETF has now closed, and the ETF will begin trading today on the Toronto Stock Exchange.
In addition, as announced on April 19th, the ticker symbol changes across the RBC ETFs lineup of currency hedged ETFs are now effective.
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 (ETFs). Please read the applicable 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., an indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes RBC GAM Inc. and institutional asset 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 manage more than C$390 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
For further information: Leah Commisso, firstname.lastname@example.org, RBC GAM Corporate Communications, 416-955-6498