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RBC Unveils Eight Corporate Bond ETFs
RBC Global Asset Management has rolled out eight RBC target maturity corporate bond exchange-traded funds.
RBC Global Asset Management (RBC GAM) has rolled out eight RBC target maturity corporate bond exchange-traded funds (ETFs). The ETFs, listed on the Toronto Stock Exchange, will serve as an individual bond yet provide the diversification and professional oversight of a mutual fund and the transparency and intraday liquidity of an ETF.
Each fund offers investors with exposure to the Canadian investment grade corporate bond market tracking the performance of the corresponding DEX Maturity Canadian Corporate Bond Index that matures in the same year as the ETF. Custody and fund administration will be provided by RBC Dexia Investor Services. The ETFs include the RBC Target 2013 Corporate Bond ETF and RBC Target 2014 Corporate Bond ETF.
Click here for the release from Royal Bank of Canada.