Mr. Mark Neill reports
RBC GLOBAL ASSET MANAGEMENT INC. LAUNCHES FIVE NEW ETFS; NEW EMERGING MARKETS AND EUROPEAN DIVIDEND ETFS OFFER REGULAR INCOME AND GROWTH POTENTIAL; THREE NEW CURRENCY-HEDGED ETFS PROVIDE INVESTORS WITH GREATER CHOICE; FIRST UNHEDGED EUROPEAN DIVIDEND AND HEDGED INTERNATIONAL DIVIDEND ETFS IN CANADA
Royal Bank of Canada's RBC Global Asset Management Inc. has launched five new exchange-traded funds specifically designed to meet the needs of investors and advisers for income, access to international markets and reduced exposure to foreign currency risk. All five ETFs are now available for purchase on the Toronto Stock Exchange.
"Our ongoing discussions with investors and advisers indicated a need for better income-generating solutions that provide international diversification and limit foreign currency risk," said Mark Neill, head of RBC ETFs. "These new ETFs build upon our successful suite of RBC Quant Dividend Leaders ETFs, which feature a forward-looking investment approach, superior portfolio construction and competitive fees while offering additional global investment opportunities."
RBC Quant Emerging Markets Dividend Leaders ETF seeks to provide regular income by focusing on companies domiciled in the emerging markets by following the rules-based Quant Dividend Leaders investment process which screens for income, financial strength and growth potential and applies a modified cap weighting methodology. This ETF has a management fee of 0.64 per cent. The ticker symbol RXD represents Canadian-dollar-denominated units, while the ticker symbol RXD.U represents U.S.-dollar-denominated units.
RBC Quant European Dividend Leaders ETF seeks to provide regular income by focusing on companies domiciled in Europe by following the rules-based Quant Dividend Leaders investment process which screens for income, financial strength and growth potential and applies a modified cap weighting methodology. This is the first unhedged European dividend ETF in Canada and has a management fee of 0.49 per cent. The ticker symbol RPD represents Canadian-dollar-denominated units, while the ticker symbol RPD.U represents U.S.-dollar-denominated units.
Three new currency-hedged RBC Quant Dividend Leaders ETFs
RBC GAM also announced the launch of three new currency-hedged ETFs:
- RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF;
- RBC Quant European Dividend Leaders (CAD Hedged) ETF;
- RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF.
The RBC Quant EAFE Dividend Leaders ETF is the first and only international dividend ETF available in Canada and it is now available in a currency-hedged option.
The five new ETFs launched today bring the number of RBC Quant Dividend Leaders ETFs to eight, with four also available in U.S.-dollar-denominated units. Each RBC Quant Dividend Leaders ETF is managed by Bill Tilford, head of quantitative investments, RBC GAM, and a team of portfolio managers and analysts. The management team employs a rigorous, rules-based investment approach to identify companies with higher-than-average dividend yields, strong balance sheets, positive market sentiment and potential for future dividend growth.
RBC QUANT DIVIDEND LEADERS ETFS LINEUP
Management
TSX symbol fee
RBC Quant Canadian Dividend Leaders ETF RCD 0.39%
RBC Quant U.S. Dividend Leaders ETF RUD 0.39%
RBC Quant U.S. Dividend Leaders ETF (USD) RUD.U 0.39%
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF RHU 0.39%
RBC Quant European Dividend Leaders ETF RPD 0.49%
RBC Quant European Dividend Leaders ETF (USD) RPD.U 0.49%
RBC Quant European Dividend Leaders (CAD Hedged) ETF RHP 0.49%
RBC Quant EAFE Dividend Leaders ETF RID 0.49%
RBC Quant EAFE Dividend Leaders ETF (USD) RID.U 0.49%
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF RHI 0.49%
RBC Quant Emerging Markets Dividend Leaders ETF RXD 0.64%
RBC Quant Emerging Markets Dividend Leaders ETF (USD) RXD.U 0.64%
"More and more, investors are looking for global investment options that offer income and growth potential, and are easy to understand," Mr. Neill added. "These five new ETFs help address that need, as they have the potential to generate regular monthly income and capital growth. As Canada's leading provider of income solutions, we look forward to continuing to add more innovative products to RBC Global Asset Management's ETF family."
With these new additions, RBC GAM offers a total of 17 ETFs, with over $530-million in assets under management as of Oct. 17, 2014, an increase of 185 per cent since the start of 2014.
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