Four new ETFs from RBC

RBC Global Asset Management is launching four new ETFs designed to meet investor demand for investments generating regular monthly income. The new RBC Quant Dividend Leaders ETFs and RBC 1-5 Year Laddered Corporate Bond ETF are now available for purchase by advisors, individual and institutional investors on the Toronto Stock Exchange.

RBC Quant Dividend Leaders ETFs

These funds are managed by Bill Tilford, head of Quantitative Investments, RBC GAM and his team of portfolio managers and analysts. The management team employs a rigorous, rules-based investment approach to identify companies with higher than average dividend yields, strong balance sheets, positive market sentiment and potential for future dividend growth. The result is an ETF that provides exposure to companies that are dividend leaders.

	TSX Symbol	Management Fee
RBC Quant Canadian Dividend Leaders ETF	RCD	0.39%
RBC Quant U.S. Dividend Leaders ETF	RUD	0.39%
RBC Quant U.S. Dividend Leaders ETF – US$	RUD.u	0.39%
RBC Quant EAFE Dividend Leaders ETF	RID	0.49%
RBC Quant EAFE Dividend Leaders ETF – US$	RID.u	0.49%

The RBC Quant EAFE Dividend Leaders ETF is the first and only EAFE dividend ETF in Canada. The U.S. and EAFE Quant Dividend Leader ETFs are not currency hedged and are available for purchase in either Canadian dollar and U.S. dollar units on the TSX.

Read: BMO to launch 7 new ETFs

RBC 1-5 Year Laddered Corporate Bond ETF

	TSX Symbol	Management Fee
RBC 1-5 Year Laddered Corporate Bond ETF	RBO	0.25%

Read: ETF market grew in 2013

The RBC 1-5 Year Laddered Corporate Bond ETF will provide exposure to a diversified portfolio of individual Canadian investment grade corporate bonds by holding the RBC Target Maturity Corporate Bond ETFs. The ETF offers the potential for a steady stream of income through exposure to a large, diversified portfolio of bond holdings.

Lower fees on existing funds

RBC GAM also announced it has reduced the management fee on seven of the existing RBC Target Maturity Corporate Bond ETFs, with maturity years ranging from 2015 through 2021, from 0.30% to 0.25%, effective today. The RBC Target 2014 Corporate Bond ETF had its management fee reduced to 0.20% effective Jan. 1 in accordance with its prospectus, as it entered its maturity year.

Read: 101 need-to-know facts about ETFs

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

Staff

FAIR Canada applauds Saskatchewan’s OBSI bill

Private equity firm buys maker of hockey rink boards

Scotiabank profits slip amid rising strain in auto loans, mortgages