TORONTO, March 15,
2024 /CNW/ - RBC Global Asset Management Inc.
("RBC GAM Inc.") today announced the renaming of certain fixed
income RBC ETFs and a change to the risk rating of RBC Canadian
Bank Yield Index ETF. These changes will be reflected in the
renewal of the prospectus for RBC ETFs, which is expected to be
filed on or about March 22, 2024.
Renaming of certain RBC ETFs
Effective on or about
March 22, 2024, the names of the
following RBC ETFs will, subject to the approval of the Toronto
Stock Exchange, be changed. There is no change to the investment
objectives, strategies, and tickers of the below noted RBC ETFs,
and no action is needed from unitholders.
Current
Name
|
Ticker
|
New
Name
|
RBC Target 2024
Government Bond ETF
|
RGQL
|
RBC Target 2024
Canadian Government
Bond ETF
|
RBC Target 2025
Government Bond ETF
|
RGQN
|
RBC Target 2025
Canadian Government
Bond ETF
|
RBC Target 2026
Government Bond ETF
|
RGQO
|
RBC Target 2026
Canadian Government
Bond ETF
|
RBC Target 2027
Government Bond ETF
|
RGQP
|
RBC Target 2027
Canadian Government
Bond ETF
|
RBC Target 2028
Government Bond ETF
|
RGQQ
|
RBC Target 2028
Canadian Government
Bond ETF
|
RBC Target 2029
Government Bond ETF
|
RGQR
|
RBC Target 2029
Canadian Government
Bond ETF
|
RBC Target 2024
Corporate Bond Index ETF
|
RQL
|
RBC Target 2024
Canadian Corporate
Bond Index ETF
|
RBC Target 2025
Corporate Bond Index ETF
|
RQN
|
RBC Target 2025
Canadian Corporate
Bond Index ETF
|
RBC Target 2026
Corporate Bond Index ETF
|
RQO
|
RBC Target 2026
Canadian Corporate
Bond Index ETF
|
RBC Target 2027
Corporate Bond Index ETF
|
RQP
|
RBC Target 2027
Canadian Corporate
Bond Index ETF
|
RBC Target 2028
Corporate Bond Index ETF
|
RQQ
|
RBC Target 2028
Canadian Corporate
Bond Index ETF
|
RBC Target 2029
Corporate Bond Index ETF
|
RQR
|
RBC Target 2029
Canadian Corporate
Bond Index ETF
|
RBC 1-5 Year Laddered
Corporate Bond ETF
|
RBO
|
RBC 1-5 Year Laddered
Canadian
Corporate Bond ETF
|
Risk rating change for RBC Canadian Bank Yield Index
ETF
The risk rating for RBC Canadian Bank Yield Index ETF
has increased from "Medium" to "Medium to high" effective today.
The change will be reflected in the renewal of the prospectus for
the RBC ETFs which is expected to be filed on or about March 22, 2024.
This risk rating change is based on the methodology mandated by
the Canadian Securities Administrators to determine the risk level
of exchange-traded funds ("ETFs"). RBC GAM Inc. reviews the risk
rating for each RBC ETF on an annual basis, as well as when an RBC
ETF undergoes a material change. This risk rating change is the
result of an annual review and is not a result of any changes to
the investment objective, strategies or management of RBC Canadian
Bank Yield Index ETF.
Fund
Name
|
Ticker
|
Current Risk
Rating
|
New Risk
Rating
|
RBC Canadian Bank Yield
Index ETF
|
RBNK
|
Medium
|
Medium to
high
|
For further information regarding RBC ETFs, please
visit www.rbcgam.com/etfsolutions.
Commissions, management fees and expenses all may be associated
with investments in 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. 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.
RBC Target 2024 Canadian Government Bond ETF, RBC Target 2025
Canadian Government Bond ETF, RBC Target 2026 Canadian Government
Bond ETF, RBC Target 2027 Canadian Government Bond ETF, RBC Target
2028 Canadian Government Bond ETF and RBC Target 2029 Canadian
Government Bond ETF (collectively, the "TMGB ETFs"), and RBC Target
2024 Canadian Corporate Bond Index ETF, RBC Target 2025 Canadian
Corporate Bond Index ETF, RBC Target 2026 Canadian Corporate Bond
Index ETF, RBC Target 2027 Canadian Corporate Bond Index ETF, RBC
Target 2028 Canadian Corporate Bond Index ETF and RBC Target 2029
Canadian Corporate Bond Index ETF (collectively, the "TMCB ETFs")
do not seek to deliver a predetermined amount at maturity, and the
amount an investor receives may be more or less than their original
investment.
The TMCB ETFs have been developed solely by RBC GAM Inc., and
are not in any way connected to or sponsored, endorsed, sold or
promoted by the London Stock Exchange Group plc and its group
undertakings (collectively, the "LSE Group").
All rights in the FTSE Canada 2024 Maturity Corporate Bond
Index, FTSE Canada 2025 Maturity Corporate Bond Index, FTSE Canada
2026 Maturity Corporate Bond Index, FTSE Canada 2027 Maturity
Corporate Bond Index, FTSE Canada 2028 Maturity Corporate Bond
Index and FTSE Canada 2029 Maturity Corporate Bond Index
(collectively, the "FTSE Maturity Corporate Bond Indices") vest in
the relevant LSE Group company which owns the FTSE Maturity
Corporate Bond Indices. "FTSE®" is a trade mark of the
relevant LSE Group company and is used by any other LSE Group
company under license.
The FTSE Maturity Corporate Bond Indices are calculated by or on
behalf of FTSE Global Debt Capital Markets Inc. or its affiliate,
agent or partner. The LSE Group does not accept any liability
whatsoever to any person arising out of (a) the use of, reliance on
or any error in the FTSE Maturity Corporate Bond Indices or (b)
investment in or operation of the TMCB ETFs. The LSE Group makes no
claim, prediction, warranty or representation either as to the
results to be obtained from the TMCB ETFs or the suitability of the
FTSE Maturity Corporate Bond Indices for the purpose to which they
are being put by RBC GAM Inc.
RBC Canadian Bank Yield Index ETF, has been developed solely by
RBC GAM Inc. and is not sponsored, promoted, sold or supported by
Solactive AG ("Solactive"). The Solactive Canada Bank Yield Index
is calculated and published by Solactive. Solactive does not offer
any express or implicit guarantee or assurance regarding the
results to be obtained from the use of the index or index price nor
does Solactive make any representation regarding the advisability
of investing in the ETFs.
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 94,000+ employees who
leverage their imaginations and insights to 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 our 17
million clients in Canada, the
U.S. and 27 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-social-impact.
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 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 $575 billion in assets
and have approximately 1,500 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management Inc.