RBC Global Asset Management introduces RBC U.S. Banks Yield Index ETF

RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of RBC U.S. Banks Yield Index ETF (ticker: RUBY), which begins trading on the Toronto Stock Exchange today. RBC U.S. Banks Yield Index ETF tracks the Solactive U.S. Banks Yield Index, which follows the performance of 21 of the largest U.S. dividend paying bank stocks, as measured by market capitalization and weighted based on their annual dividend yields. The management fee is 0.29%.