TORONTO, June 12, 2019 /CNW/ - RBC iShares today expanded
its exchange traded fund lineup with the launch of the RBC Canadian
Discount Bond ETF (the "ETF"). The ETF, managed by RBC Global Asset
Management Inc. ("RBC GAM Inc."), provides a low cost, one-stop
fixed income solution designed to provide tax-efficient returns for
investors. The ETF will begin trading on the NEO Exchange
today.
The RBC Canadian Discount Bond ETF aims to deliver an attractive
after-tax yield to maturity. The ETF will purchase short-term,
high-quality Canadian government and corporate bonds, with an
emphasis on bonds priced below par. Drawing from the
award-winning1 investment expertise of RBC Global
Asset Management's Fixed Income team, this ETF is a complement to
an investor's core bond portfolio, designed to shorten duration,
improve capital preservation as well as tax efficiency of
investors' fixed income portfolios.
"With this product launch, RBC iShares continues to deliver high
quality and innovative solutions to Canadian investors and
advisors," said Mark Neill, Head of
RBC ETFs. "With the launch of the new RBC Canadian Discount Bond
ETF, investors will be able to access a low cost, tax efficient
solution which leverages the experience and investment expertise of
the award-winning1 Fixed Income team at RBC Global
Asset Management."
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ETF
Name
|
Ticker
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Management
Fee
|
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RBC Canadian Discount
Bond ETF
|
RCDB
|
0.15%
|
The initial offering of the RBC Canadian Discount Bond
ETF has closed.
For more information about the RBC iShares ETF suite, investors
and advisors are invited to visit https://www.rbcishares.com.
RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global
Asset Management Inc. and iShares ETFs managed by BlackRock
Asset Management Canada Limited ("BlackRock Canada"). Commissions,
trailing commissions, management fees and expenses all may be
associated with investing in exchange-traded funds (ETFs). Please
read the relevant prospectus before investing. ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. Tax, investment and all other decisions should be
made, as appropriate, only with guidance from a qualified
professional.
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1Lipper
Canada Best Bond ETFs Group (2015, 2017), Best Overall Funds Group
(PH&N Funds: 2010-2013, 2016, 2018; RBC Funds: 2008, 2014), and
Best Bond Funds Group (RBC GAM: 2015; PH&N Funds: 2008,
2010-2013, 2016, 2018; RBC Funds: 2009). Lipper Awards were based
on best risk-adjusted performance for the periods ended July 31,
2018, 2017, 2016, 2015 and 2014; October 31, 2012, 2011 and 2010;
November 30, 2009; and December 31, 2008 and 2007. From Thomson
Reuters Lipper Awards, © 2018 Thomson Reuters.
All rights reserved. Used by permission and protected by the
Copyright Laws of the United States. The printing, copying,
redistribution, or retransmission of this Content without express
written permission is prohibited.
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About RBC Global Asset 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
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 $430 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
About BlackRock
BlackRock helps investors build better
financial futures. As a fiduciary to investors and a leading
provider of financial technology, our clients turn to us for the
solutions they need when planning for their most important goals.
As of March 31, 2019, the firm
managed approximately US$6.52
trillion in assets on behalf of investors worldwide. For
additional information on BlackRock, please visit
www.blackrock.com/ca |
Twitter: @BlackRockCA | LinkedIn:
www.linkedin.com/company/blackrock.
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 800+ exchange
traded funds (ETFs) and US$1.9
trillion in assets under management as of March 31, 2019, iShares continues to drive
progress for the financial industry. iShares funds are powered by
the expert portfolio and risk management of BlackRock, trusted to
manage more money than any other investment firm2.
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2Based on
US$6.52 trillion in AUM as of 3/31/19
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SOURCE RBC Global Asset Management