TORONTO, March 20, 2024 /CNW/ - RBC iShares today
announced the launch of three new ETF Series of certain RBC Fixed
Income Pools ("ETF Series") which are managed by RBC Global Asset
Management Inc. ("RBC GAM Inc."). By introducing these ETF Series,
RBC GAM Inc. is making the long-standing investment expertise of
its global fixed income team available to ETF investors. The three
new ETF Series are expected to begin trading on Cboe Canada
today.
RBC Fixed Income Pools are actively managed by RBC GAM Inc. and
leverage the global investment expertise of the fixed income teams
at RBC Global Asset Management. The ETF Series represent a series
of RBC Fixed Income Pools noted below, and trade in the same way as
other ETFs.
Fund
|
Ticker
Symbol
|
Management
Fee
|
RBC Conservative Bond
Pool – ETF Series
|
RCNS
|
0.40 %
|
RBC Core Bond Pool –
ETF Series
|
RCOR
|
0.40 %
|
RBC Core Plus Bond Pool
– ETF Series
|
RPLS
|
0.40 %
|
"Since their launch in 2018, RBC Fixed Income Pools have grown
to over $8 billion in assets, by
providing clients with three multi-asset and globally diversified
portfolios to accommodate the risk and reward preferences of
individual investors" said Mark
Neill, managing director and head of RBC ETFs and Strategic
Alliances, RBC Global Asset Management Inc. "By adding an ETF
Series to these pools, Canadian investors who prefer to use ETFs
will now be able to access the long-standing investment expertise
of RBC Global Asset Management's global fixed income team to help
them meet their investment goals."
RBC iShares aims to help clients achieve their investment
objectives by empowering them to build efficient portfolios and
take control of their financial futures. RBC iShares is committed
to delivering a truly differentiated ETF experience and positive
outcomes for clients.
More information on the RBC Fixed Income Pools can be found
here.
RBC iShares ETFs are comprised of RBC ETFs and ETF Series of RBC
Funds managed by RBC Global Asset Management Inc. and iShares ETFs
managed by BlackRock Asset Management Canada Limited ("BlackRock
Canada"). Commissions, management fees and expenses all may be
associated with investments in mutual funds and exchange-traded
funds ("ETFs"). Please consult your advisor and read the applicable
ETF Facts and prospectus before investing. Mutual funds and ETFs
are not guaranteed, their values change frequently and past
performance may not be repeated. ETF Series is a class of
securities offered by a conventional mutual fund however, unlike
conventional mutual fund series, ETF Series are bought and sold at
market price on a stock exchange like an ETF. Brokerage commissions
will reduce returns. RBC Funds are managed by RBC Global Asset
Management Inc., which is a member of the RBC GAM group of
companies and an indirect wholly-owned subsidiary of Royal Bank of
Canada.
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.
About BlackRock
BlackRock's purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@BlackRockCA
About iShares
iShares unlocks opportunity across markets to meet the evolving
needs of investors. With more than twenty years of experience, a
global line-up of 1400+ exchange traded funds (ETFs) and
US$3.5 trillion in assets under
management as of December 31, 2023,
iShares continues to drive progress for the financial industry.
iShares funds are powered by the expert portfolio and risk
management of BlackRock.
iShares® ETFs are managed by BlackRock Asset Management Canada
Limited
SOURCE RBC Global Asset Management Inc.