RBC Global Asset Management Inc. expands ETF product suite
TORONTO-- RBC Global Asset Management Inc. has announced the expansion of its suite of Target Maturity Corporate Bond Exchange Traded Funds (ETFs). Effective immediately, the RBC Target 2021 Corporate Bond Index ETF is available for purchase by individual and institutional investors on the Toronto Stock Exchange.
The RBC Target 2021 Corporate Bond Index ETF will maintain a diversified portfolio of individual Canadian investment grade corporate bonds, with an effective maturity of November 2021. Similar to the other eight RBC Target Maturity Corporate Bond ETFs, this ETF is designed to act like an individual bond while providing the diversification and professional oversight of a mutual fund, with the transparency and intra-day liquidity of an ETF.
"It has been one year since RBC Global Asset Management entered the ETF market in Canada. As we continue to add to our product offering in this space, our focus is on catering to the needs of investors," said Mark Neill, head of RBC ETFs. "We are proud to continue to deliver investment solutions that enable investors to construct diverse portfolios."
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, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.).