TORONTO, May 18, 2018 /CNW/ - Trevor Cummings, Head, Business Development, Exchange Traded Funds, RBC Global Asset Management, joined Dani Lipkin, Head, Business Development, Exchange Traded Funds, Closed-End Funds, and Structured Notes, TMX Group, to open the market to launch RBC U.S Banks Yield Index ETF (RUBY). 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 institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RUBY commenced trading on Toronto Stock Exchange on May 15, 2018.
SOURCE TMX Group Limited