RBC Global Asset Management is opening five exchange-traded funds (ETFs) focused on income, access to international markets and reduced exposure to foreign currency risk.
RBC Quant Emerging Markets Dividend Leaders ETF (RXD) seeks to provide regular income by focusing on companies domiciled in emerging markets by following the Quant Dividend Leaders investment process. It screens for income, financial strength and growth potential and applies a modified cap weighting methodology. This ETF has a management fee of 0.64%.
RBC Quant European Dividend Leaders ETF (RPD) seeks to provide regular income by focusing on companies domiciled in Europe by following the rules-based Quant Dividend Leaders investment process, which screens for income, financial strength and growth potential and applies a modified cap weighting methodology. It has a management fee of 0.49%.
RBC GAM also announced the launch of three new currency-hedged ETFs:
• RBC Quant U.S. Dividend Leaders (CAD hedged) ETF (RHU);
• RBC Quant European Dividend Leaders (CAD hedged) ETF (RHP); and
• RBC Quant EAFE Dividend Leaders (CAD hedged) ETF (RHI).
These ETFs bring the number of RBC Quant Dividend Leaders ETFs to eight, with four also available in U.S.-dollar-denominated units. With these new additions, RBC GAM offers a total of 17 ETFs, with more than $530 million in assets under management as of Oct. 17, 2014. RBC last introduced new ETFs in January.
This story originally appeared on our sister site, Advisor.ca.
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