RBC expands ETF range 11 October 2012Toronto Reporter: Georgina Lavers
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RBC Global Asset Management has expanded its suite of Target Maturity Corporate Bond ETFs. Effective today, the RBC Target 2021 Corporate Bond Index ETF is available for purchase by individual and institutional investors on the Toronto Stock Exchange.
“It has become more challenging for investors to manage and source quality corporate bonds across different maturities," said Mark Neill, head of RBC ETFs. "We are pleased to be able to help investors address this challenge with the suite of RBC Target Maturity Corporate Bond ETFs, which now includes the RBC Target 2021 Corporate Bond Index ETF."
The RBC Target 2021 Corporate Bond Index ETF will maintain a diversified portfolio of individual Canadian investment grade corporate bonds, with an effective maturity of November 2021.
Similar to the other eight RBC Target Maturity Corporate Bond ETFs, this ETF is designed to act like an individual bond while providing the diversification and professional oversight of a mutual fund, with the transparency and intra-day liquidity of an ETF.
"It has been one year since RBC Global Asset Management entered the ETF market in Canada. As we continue to add to our product offering in this space, our focus is on catering to the needs of investors," continued Neill. "We are proud to continue to deliver investment solutions that enable investors to construct diverse portfolios."
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