RBC Global Asset Management Opens the Market

TORONTO, Oct. 20, 2017 /CNW/ - Trevor Cummings, Head, Business Development, ETFs, RBC Global Asset Management, joined Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group, to open the market to launch five new Exchange Traded Funds (ETFs):  RBC 6-10 Year Laddered Canadian Corporate Bond ETF (RMBO); RBC BlueBay Global Diversified Income (CAD Hedged) ETF (RBDI); RBC Canadian Bank Yield Index ETF (RBNK); RBC PH&N Short Term Canadian Bond ETF (RPSB); and RBC Short Term U.S. Corporate Bond ETF (RUSB). 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. RMBO; RBDI; RBNK; RPSB; and RUSB; commenced trading on Toronto Stock Exchange on October 19, 2017.

SOURCE TMX Group Limited