RBC Global Asset Management expands line-up of fixed income ETFs

RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of two new RBC Target Maturity Corporate Bond ETFs, which will begin trading on the Toronto Stock Exchange today.

RBC Target Maturity Corporate Bond ETFs represent a family of fixed income ETFs maturing in successive years from 2018 to 2025. Each ETF tracks a unique FTSE Maturity Corporate Bond Index that maintains a portfolio of Canadian investment grade corporate bonds structured to mature in the same calendar year as the ETF. When the ETF reaches the maturity date, the ETF's final net asset value is returned to the current unitholders.