TORONTO, Oct. 10, 2012 /CNW/ - RBC Global Asset Management Inc. today
announced the expansion of its suite of Target Maturity Corporate Bond
Exchange Traded Funds (ETFs). Effective today, the RBC Target 2021 Corporate
Bond Index ETF (TSX: RQI) is available for purchase by individual and
institutional investors on the Toronto Stock Exchange.
"Since the onset of the financial crisis in 2008, it has become more
challenging for investors to manage and source quality corporate bonds across
different maturities," said Mark Neill, head of RBC ETFs. "We are pleased to
be able to help investors address this challenge with the suite of RBC Target
Maturity Corporate Bond ETFs, which now includes the RBC Target 2021 Corporate
Bond Index ETF."
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," continued Neill. "We are
proud to continue to deliver investment solutions that enable investors to
construct diverse portfolios."
|RBC TARGET MATURITY CORPORATE BOND ETFS |TSX SYMBOL |
|NEW: RBC Target 2021 Corporate Bond Index ETF|RQI |
|RBC Target 2020 Corporate Bond Index ETF |RQH |
|RBC Target 2019 Corporate Bond Index ETF |RQG |
|RBC Target 2018 Corporate Bond Index ETF |RQF |
|RBC Target 2017 Corporate Bond Index ETF |RQE |
|RBC Target 2016 Corporate Bond Index ETF |RQD |
|RBC Target 2015 Corporate Bond Index ETF |RQC |
|RBC Target 2014 Corporate Bond Index ETF |RQB |
|RBC Target 2013 Corporate Bond Index ETF |RQA |
For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.
About RBC Global Asset Management and RBC Wealth 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,
Phillips, Hager & North Investment Management and RBC Global Asset Management
(U.S.). RBC GAM is a provider of global investment management services and
solutions to individual, high-net-worth and institutional investors through
exchange-traded funds, hedge funds, mutual funds, pooled funds, separate
accounts and specialty investment strategies. RBC GAM group of companies
manage more than $260 billion in assets and have approximately 1,000 employees
located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of
the world's top 10 largest wealth managers. RBC Wealth Management directly
serves affluent, high-net-worth and ultra high net worth clients in Canada,
the United States, Latin America, Europe, the Middle East, Africa and Asia
with a full suite of banking, investment, trust and other wealth management
solutions. The business also provides asset management products and services
directly and through RBC and third-party distributors to institutional and
individual clients, through its RBC Global Asset Management business (which
includes BlueBay Asset Management). RBC Wealth Management has more than C$562
billion of assets under administration, more than C$324 billion of assets
under management and approximately 4,300 financial consultants, advisors,
private bankers and trust officers.
Yen To, RBC GAM Communications, 416-955-5916,email@example.com
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CO: RBC Global Asset Management
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-0- Oct/10/2012 12:00 GMT
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