IBOS member Royal Bank of Canada (RBC) recently announced the launch of seven new index tracking Exchange Traded Funds (ETFs).
The seven new index tracking ETFs are sub-advised by State Street Global Advisors (SSGA), the investment management arm of State Street Corporation. SSGA focuses on providing highly disciplined, risk controlled investment strategies to the global marketplace.
Mark Neill, head of RBC ETFs, commented:
“Over the past six years, Canadian investors and advisors have trusted over $3.5 billion to RBC ETFs, making RBC Global Asset Management one of Canada’s leading ETF providers. We are pleased to continue to expand our ETF line-up in the interest of client choice.”
Additionally, the seven new RBC ETFs will follow indexes provided by FTSE Russell. FTSE Russell has an established reputation for transparent, robust, rules-driven index construction methodologies.
In addition to the new ETFs, RBC GAM Inc. recently filed a final prospectus for four new actively managed fixed income ETFs to be launched later this year. These upcoming ETFs will leverage the investment capabilities behind the PH&N and BlueBay fixed income funds, enabling Canadian ETF investors to access a broad spectrum of expertise drawn from across RBC Global Asset Management’s fixed income teams.
“As we bring new index solutions to our ETF line-up today, we also look forward to further expanding our suite of income-generating ETFs in the near future,” added Neill.
Read the full press release, via RBC, here.