RBC GAM launches seven new exchange traded fundsBy The IJ Staff | September 22 2017 09:45AM
RBC Global Asset Management announced Sept. 21 the launch of seven new index-tracking exchange traded funds.
The new ETFS are: the RBC Canadian Short Term Bond Index ETF, RBC Canadian Bond Index ETF, RBC Global Government Bond Index (CAD Hedged) ETF, RBC Canadian Equity Index ETF, RBC U.S. Equity Index ETF, RBC International Equity Index ETF and the RBC Emerging Markets Equity Index ETF.
"Over the past six years, Canadian investors and advisors have trusted over $3.5 billion to RBC ETFs, making RBC Global Asset Management one of Canada's leading ETF providers," said Mark Neill, head of RBC ETFs." We are pleased to continue to expand our ETF line-up in the interest of client choice. Our newest ETFs bring the total number of RBC ETFs to 35."
Sub-advised by State Street Global Advisors
The new ETFs are sub-advised by State Street Global Advisors. The ETFs will follow indexes provided by FTSE Russell.
"We are excited to be working with SSGA as sub-advisor on these ETFs," said Neill. "The relationship between SSGA and RBC Global Asset Management has existed for nearly 20 years, dating to the launch of the first RBC index mutual funds in 1998. With today's launch, we are pleased to bring SSGA's capabilities to the Canadian ETF marketplace."
Launching four more fixed income ETFs
RBC also plans to launch four actively managed fixed income ETFs later in the year. "As we bring new index solutions to our ETF line-up today, we also look forward to further expanding our suite of income-generating ETFs in the near future," said Neill.
The seven new RBC ETFs have begun trading on the Aequitas NEO Exchange.