TORONTO, March 8,
2023 /CNW/ - RBC iShares today announced the
expansion of its exchange traded fund ("ETF") lineup with the
launch of an initial suite of eight ETF Series of RBC Funds ("ETF
Series"). The ETF Series adds to the existing lineup of actively
managed ETF solutions offered by RBC iShares by leveraging RBC
Global Asset Management Inc.'s ("RBC GAM Inc.") long-standing
investment management expertise. The eight new ETF Series begin
trading on the NEO Exchange today.
The ETF Series represents a new series of select RBC Funds,
which will trade in the same way as other ETFs on the exchange.
With this series, advisors and investors who prefer to invest using
ETFs can now access actively managed RBC Funds to construct their
portfolios.
Fund
|
RBC ETF
Series
Ticker
Symbol
|
RBC ETF
Series
Management
Fee
|
RBC Canadian Equity
Income Fund – ETF Series
|
RCEI
|
0.60 %
|
RBC North American
Value Fund – ETF Series
|
RNAV
|
0.60 %
|
RBC North American
Growth Fund – ETF Series
|
RNAG
|
0.60 %
|
RBC International
Equity Fund – ETF Series
|
RINT
|
0.75 %
|
RBC Emerging Markets
Dividend Fund – ETF Series
|
REMD
|
0.85 %
|
RBC Global Energy Fund
– ETF Series
|
RENG
|
0.75 %
|
RBC Global Precious
Metals Fund – ETF Series
|
RGPM
|
0.75 %
|
RBC Global Technology
Fund – ETF Series
|
RTEC
|
0.75 %
|
"In response to changing markets and the evolution in thinking
around portfolio construction, investors are increasingly looking
to add actively managed ETFs into their portfolio mix," said
Doug Coulter, President, RBC Global
Asset Management Inc. "With the launch of this initial suite of ETF
Series of RBC Funds, we are excited to expand the lineup of
actively managed solutions available within the RBC iShares suite.
This ETF Series provides expanded access to RBC Global Asset
Management Inc.'s well-established track record in active
management to advisors and investors who prefer to use ETFs in
building their portfolios."
More information on the ETF Series of RBC Funds can be found
here.
RBC iShares ETFs are comprised of RBC ETFs and ETF Series of RBC
Funds managed by RBC Global Asset Management Inc. and iShares ETFs
managed by BlackRock Asset Management Canada Limited ("BlackRock
Canada"). Please consult your advisor and read the prospectus
and/or Fund Facts or ETF Facts document before investing. There may
be commissions, trailing commissions, management fees and expenses
associated with investments in mutual funds and exchange traded
funds (ETFs). Mutual funds and ETFs are not guaranteed, their
values change frequently and past performance may not be repeated.
ETF Series units of RBC Funds are bought and sold at market price
on a stock exchange and brokerage commissions will reduce returns.
RBC Funds are offered by RBC Global Asset Management Inc. and
distributed through authorized dealers in Canada.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 97,000+ employees who
leverage their imaginations and insights to bring our vision,
values and strategy to life so we can help our clients thrive and
communities prosper. As Canada's
biggest bank, and one of the largest in the world based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our 17
million clients in Canada, the
U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC) and includes
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. The RBC GAM group of companies
manage approximately $525 billion in
assets and have approximately 1,500 employees located across
Canada, the United States, Europe and Asia.
About BlackRock
BlackRock's purpose is to help more
and more people experience financial well-being. As a fiduciary to
investors and a leading provider of financial technology, we help
millions of people build savings that serve them throughout their
lives by making investing easier and more affordable. For
additional information on BlackRock, please
visit www.blackrock.com/corporate.
About iShares
iShares unlocks opportunity across
markets to meet the evolving needs of investors. With more than
twenty years of experience, a global line-up of 1300+ exchange
traded funds (ETFs) and US$2.91
trillion in assets under management as of December 31, 2022, iShares continues to drive
progress for the financial industry. iShares funds are powered by
the expert portfolio and risk management of BlackRock.
SOURCE RBC Global Asset Management Inc.