TORONTO, Sept. 13, 2018 /CNW/ - Stephen Hoffman, VP, Exchange Traded Funds, RBC Global Asset Management, joined Rob Peterman, Vice-President, Global Business Development, TMX Group, to open the market to launch two new Exchange Traded Funds (ETFs): RBC Target 2024 Corporate Bond Index ETF (RQL); and RBC Target 2025 Corporate Bond Index ETF (RQN). 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. RQL and RQN commenced trading on Toronto Stock Exchange on September 12, 2018.
SOURCE TMX Group Limited