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.