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RBC Global Asset Management expands line-up of fixed income ETFs

CNW Group - Wed Sep 12, 7:00AM CDT

RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of two new RBC Target Maturity Corporate Bond ETFs, which will begin trading on the Toronto Stock Exchange today.

RBC Target Maturity Corporate Bond ETFs represent a family of fixed income ETFs maturing in successive years from 2018 to 2025. Each ETF tracks a unique FTSE Maturity Corporate Bond IndexTM that maintains a portfolio of Canadian investment grade corporate bonds structured to mature in the same calendar year as the ETF. When the ETF reaches the maturity date, the ETF's final net asset value is returned to the current unitholders.

"The suite of RBC Target Maturity Corporate Bond ETFs offers investors and advisors the flexibility to tailor their bond laddering strategies to the maturity date of their choice," said Mark Neill, Head of RBC ETFs. "These ETFs are intended to be a replacement for holding individual corporate bonds and aim to reduce risk through issuer diversification as well as enhance returns through institutional bond pricing, transparency and greater liquidity."

The management fees for the new ETFs are listed below.

RBC
                    ETF           Ticker

              Index

          Management       Exchange



          Fee

    ---

         RBC
         Target
         2024
     RQL
     FTSE Canada 2024
     0.25%*
     TSX

         Corporate
         Bond
         Index
     Maturity Corporate

        ETF
     Bond Index(TM)

    ---

         RBC
         Target
         2025
     RQN
     FTSE Canada 2025
     0.25%*
     TSX

                  Corporate
                  Bond
                  Index
     Maturity Corporate

        ETF
     Bond Index(TM)

    ---

* The management fee will decrease to 0.20% in the maturity year.

For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETF). 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 Global Asset Management Inc., an indirect wholly-owned subsidiary of Royal Bank of Canada.

The RBC ETFs referred to herein have been developed solely by RBC GAM. All rights in FTSE Canada 2024 Maturity Corporate Bond Index and FTSE Canada 2025 Maturity Corporate Bond Index (collectively, the "FTSE GDCM Indices") vest in FTSE Global Debt Capital Markets Inc. The FTSE GDCM Indices are calculated by FTSE Global Debt Capital Markets Inc. FTSE Global Debt Capital Markets Inc. and their licensors (collectively, the "FTSE Licensors") are not connected to and do not sponsor, advise, recommend, endorse or promote the funds and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the FTSE Indices or (b) investment in or operation of the ETFs. The FTSE Licensors make no claim, prediction, warranty or representation either as to the results to be obtained from the funds or the suitability of the FTSE Indices, for the purpose to which they are being put by RBC GAM.

About RBC Global Asset ManagementRBC 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 $425 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management

View original content: http://www.newswire.ca/en/releases/archive/September2018/12/c6438.html

SOURCE: RBC Global Asset Management

SOURCE: RBC

Leah Commisso, RBC GAM Corporate Communications, 416-955-6498, leah.commisso@rbc.com

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