- Global Dividend and Global Equity ETFs offer diversified equity portfolios designed to take advantage of global opportunities and manage risk
- Emerging Markets Equity ETF provides investors with greater diversification and access to rapidly growing countries
- 1-5 Year Laddered Canadian Bond ETF adds to high-quality suite of fixed income ETFs
TORONTO, Jan. 25, 2016 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of four new Exchange Traded Funds (ETFs). All four begin trading on the Toronto Stock Exchange today.
The new ETFs include three new 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," said 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 $1.5 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. (Source: Bloomberg).
New RBC ETFs:
| TSX SYMBOL |
Management Fee |
|
| RBC Strategic Global Dividend Leaders ETF |
RLD |
0.55% |
| RBC Strategic Global Equity Leaders ETF |
RLE |
0.55% |
| RBC Quant Emerging Market Equity Leaders ETF |
RXE |
0.64% |
| RBC Quant Emerging Market Equity Leaders ETF (USD) |
RXE.u |
0.64% |
| RBC 1-5 Year Laddered Canadian Bond ETF |
RLB |
0.22% |
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 (ETF). Please read the prospectus 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 and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $380 billion and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.
RBC GAM is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high net worth and ultra high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC GAM business. RBC Wealth Management has more than C$749 billion of assets under administration, more than C$492 billion of assets under management and approximately 3,954 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2015. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.
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1 RBC GAM was the inaugural recipient of the Lipper Award for Best Bond ETF Group at the Lipper Canada Fund Awards presented on November 4, 2015.
2015 Lipper's Best Bond ETFs Group. 2015 Lipper Awards was based on best risk-adjusted performance for the period ended July 31, 2015. Best Bonds ETFs Group: RBC Target Maturity Corporate Bond ETFs (2015-2020). Lipper Inc. is a Thomson Reuters company.
SOURCE RBC
Matt Gierasimczuk, RBC GAM Corporate Communications, 416-974-2124, [email protected]
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