TORONTO, Nov. 17, 2017 /CNW/ - RBC Global Asset Management
Inc. today announced the final valuation of the RBC Target 2017
Corporate Bond Index ETF (TSX: RQE).
As announced earlier this year, the RBC Target 2017 Corporate
Bond Index ETF will mature effective the close of business today,
Friday, November 17, 2017. The final
net asset value (NAV) per unit of the ETF is as follows:
ETF
|
TICKER
|
FINAL NAV PER
UNIT
|
RBC Target 2017
Corporate Bond Index ETF
|
RQE
|
$18.8164
|
The final NAV per unit consists of the following:
Income per
unit
|
$0.0694
|
Capital per
unit
|
$18.7470
|
Final NAV per
unit
|
$18.8164
|
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 corporate bond ETFs with maturities spanning from 2018 to 2023.
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
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 Fund 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
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 $400 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management