The RBC iShares alliance expanded its fixed income lineup with the launch of three new ETF Series of RBC Funds, which began trading on Cboe Canada today. The new offerings are RBC Emerging Markets Bond Fund – ETF Series (ticker REMB, management fee 0.75%), RBC Global Corporate Bond Fund – ETF Series (ticker RGCB, management fee 0.60%), and RBC High Yield Bond Fund – ETF Series (ticker RHYB, management fee 0.75%). REMB invests primarily in government debt securities of emerging market countries, RGCB focuses on investment grade corporate debt securities from anywhere in the world, and RHYB targets higher yielding corporate debt securities issued by Canadian and U.S. corporations. All three funds are managed by RBC Global Asset Management Inc.
Royal Bank of CanadaRBC's alliance launches new ETFs, expanding its product lineup and fee-generating assets.
