- 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
TORONTO, Oct. 22, 2014 /CNW/ - RBC Global Asset Management
Inc. (RBC GAM) today announced the launch of five new Exchange
Traded Funds (ETFs) specifically designed to meet the needs of
investors and advisors 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 (TSX).
"Our ongoing discussions with investors and advisors 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 (RXD)
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 (RPD) 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 (RHU)
- RBC Quant European Dividend Leaders (CAD Hedged) ETF (RHP)
- RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RHI)
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:
|
TSX
SYMBOL
|
Management
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," 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 October 17,
2014, an increase of 185 per cent since the start of
2014.
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 and Phillips, Hager & North
Investment Management. RBC GAM is a provider of global investment
management services and solutions to individual, high-net-worth and
institutional investors through mutual funds, exchange-traded
funds, hedge funds, pooled funds, separate accounts and specialty
investment strategies. RBC GAM group of companies manage more than
C$350 billion in assets and have
approximately 1,200 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 five 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$690
billion of assets under administration, more than
C$426 billion of assets under
management and approximately 4,400 financial consultants, advisors,
private bankers, and trust officers. For more information, please
visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013.
In the United States, securities
are offered through RBC Wealth Management, a division of RBC
Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of
Canada. Member
NYSE/FINRA/SIPC.
SOURCE RBC