TORONTO, Nov. 15, 2019 /CNW/ - RBC Global Asset
Management Inc. (RBC GAM Inc.) today announced the final valuation
of the RBC Target 2019 Corporate Bond Index ETF (TSX: RQG).
As announced earlier this year, the RBC Target 2019
Corporate Bond Index ETF will mature effective the close of
business today, Friday, November 15,
2019. The final net asset value (NAV) per unit of the ETF is
as follows:
ETF
|
TICKER
|
FINAL NAV PER
UNIT
|
RBC Target 2019
Corporate Bond Index ETF
|
RQG
|
$18.4902
|
The final NAV per unit consists of the following:
Income per
unit
|
$0.0450
|
Capital per
unit
|
$18.4452
|
Final NAV per
unit
|
$18.4902
|
The maturity proceeds will be paid out of the ETF today to the
holders of the remaining outstanding units.
The suite of RBC Target Maturity Corporate Bond
ETFs includes six ETFs with maturities ranging from
2020 to 2025. Unlike traditional ETFs, which have a
perpetual life, target maturity ETFs have a specified maturity date
established when the ETF is launched, enabling investors to build
customized fixed income portfolios tailored to specific investment
needs.
For further information regarding RBC ETFs, please visit
https://www.rbcgam.com/etfs.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETFs). Please read the
applicable prospectus or ETF Facts document before investing. ETFs
are not guaranteed, their values change frequently and past
performance may not be repeated. ETF units are bought and sold at
market price on a stock exchange and brokerage commissions will
reduce returns. RBC ETFs do not seek to return any predetermined
amount at maturity. Index returns do not represent RBC ETF returns.
RBC ETFs are managed by RBC GAM Inc., a member of the RBC GAM group
of companies and an indirect wholly-owned subsidiary of Royal Bank
of Canada.
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 $450 billion in
assets and have approximately 1,400 employees located across
Canada, the United States, Europe and Asia.
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 86,000+ employees who 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 more than 16 million clients in Canada, the U.S. and 34 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-sustainability.
SOURCE RBC Global Asset Management