RBC iShares has expanded its ETF offering in Canada with eight new actively managed equity funds listed on NEO Exchange.
Leveraging the investment management expertise of RBC Global Asset Management, the new funds seek to capture alpha within various market segments including Canadian or emerging markets high-income; North American value or growth-oriented stocks; global energy, precious metals, or technology sectors; and equities listed outside of North America.
Each ETF delivers an investment approach that is already in existence through select RBC mutual funds, offering investors and advisors a more liquid means of accessing these strategies.
Doug Coulter, President, RBC Global Asset Management, commented: “In response to changing markets and the evolution in thinking around portfolio construction, investors are increasingly looking to add actively managed ETFs into their portfolio mix. With the launch of this initial suite of ETF Series of RBC Funds, we are excited to expand the line-up of actively managed solutions available within the RBC iShares suite. This ETF Series provides expanded access to RBC Global Asset Management’s well-established track record in active management to advisors and investors who prefer to use ETFs in building their portfolios.”
The ETFs and their management fees are outlined below:
RBC Canadian Equity Income ETF (RCEI CN); 0.60%
RBC North American Value ETF (RNAV CN); 0.60%
RBC North American Growth ETF (RNAG CN); 0.60%
RBC Global Energy ETF (RENG CN); 0.75%
RBC Global Precious Metals ETF (RGPM CN); 0.75%
RBC Global Technology ETF (RTEC CN); 0.75%
RBC International Equity ETF (RINT CN); 0.75%
RBC Emerging Markets Dividend ETF (REMD CN); 0.85%