TORONTO, Nov. 12, 2021 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced the final valuation of the
RBC Target 2021 Corporate Bond Index ETF (TSX: RQI).
As announced earlier this year, the RBC Target 2021 Corporate
Bond Index ETF will mature effective the close of business today,
Friday, November 12, 2021. The final
net asset value ("NAV") per unit of the ETF is as follows:
FINAL NAV PER
RBC Target 2021
Corporate Bond Index ETF
The final NAV per unit consists of the following:
Final NAV per
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 ETFs with maturities ranging from 2022 to 2027.
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
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds ("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. 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
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 88,000+ 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 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 $580 billion in
assets and have approximately 1,500 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.