RBC Global Asset Management Introduces New ETFs for Investors

RBC Global Asset Management Launches Exciting New ETFs

Canadian investors have reason to celebrate as RBC Global Asset Management Inc. (RBC GAM Inc.) introduces two new ETF series, enhancing the array of investment options available to them. These new funds, the RBC U.S. Mid-Cap Growth Equity Fund and the RBC Life Science and Technology Fund, have been listed and are actively trading on the Cboe Canada exchange. This strategic expansion aims to provide investors with diversified access to U.S. markets, reflecting RBC GAM's commitment to meeting the investment needs of Canadian advisors and investors.

Exploring the New ETF Series

The newly launched RBC U.S. Mid-Cap Growth Equity Fund trades under the ticker RUMG. This fund is designed to deliver long-term capital appreciation primarily from mid-capitalized U.S. listed equities. By investing across various industries within the U.S. market, this fund performs rigorous assessments of economic and company-specific data to gauge growth opportunities. This strategic approach aims to optimize investment returns and provide stakeholders with sustainable growth.

Focus of the RBC Life Science and Technology Fund

Another notable addition is the RBC Life Science and Technology Fund, which trades under the ticker RLST. This fund is geared towards achieving long-term capital growth by investing in equity securities from U.S. companies within the life sciences and technology sectors. With a focus on industries like biotechnology, pharmaceuticals, internet infrastructure, and telecommunications, this fund addresses sectors poised for future growth during an era founded on innovation.

Statements from RBC Leadership

Stephen Hoffman, Managing Director of ETFs at RBC GAM Inc., expressed enthusiasm for this development, stating, "We are excited to expand our relationship with Cboe Canada with the listing of these two new ETF Series of RBC Funds. By launching these new actively managed ETFs, we are providing Canadian advisors and investors who prefer to invest using ETFs with access to the long-standing investment expertise of RBC GAM’s North American Equity team." This commitment to quality investment products underscores RBC's focus on enriching the financial ecosystem for its clients.

The Role of Cboe Canada

Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets, added further insights into the significance of these launches. He noted, "RBC iShare’s latest additions to their product shelf provide both diversified exposure to U.S. markets and new options for those looking to invest in science and technology during an era defined by innovation. We are honoured that RBC iShares has chosen Cboe Canada as the preferred listing venue for their newest ETF series, and we look forward to furthering our partnership as we continue to bring innovative solutions to the Canadian ETF landscape." This collaboration highlights the growing importance of the Canadian market and innovation in investment products.

Accessing the New ETFs

The new funds are now active alongside a robust lineup of existing RBC GAM ETFs already trading on Cboe Canada, offering investors numerous ways to diversify their portfolios. Investors can access units of all RBC GAM ETFs through reputable investment channels, including discount brokerage platforms and full-service dealers. This accessibility emphasizes RBC's commitment to providing clients with a seamless investment experience.

About Cboe Canada

Cboe Canada operates as a Tier 1 stock exchange, providing unparalleled services and a trusted listing experience for issuers. Since its inception in 2015, it has become an essential venue for investment products, facilitating substantial trading volumes in Canadian listed securities. Cboe Canada consistently accounts for approximately 15% of all trading activity in the country, showcasing its pivotal role in the investment landscape.

About RBC Global Asset Management

As the asset management division of Royal Bank of Canada, RBC Global Asset Management (RBC GAM) is distinguished for its comprehensive investment services. With a portfolio exceeding $575 billion in assets, RBC GAM manages diverse client needs, from individual investors to institutional clients. Their expert management team, comprised of around 1,500 professionals, ensures that investors receive the guidance and expertise necessary to achieve their financial goals.

Connecting with RBC GAM and Cboe Canada

Investors interested in learning more about these exciting new products and services offered by RBC GAM and Cboe Canada can visit their platforms for detailed information. With a strong focus on client satisfaction and resource accessibility, RBC GAM and Cboe Canada continue to innovate and expand their offerings for Canadian investors.

Frequently Asked Questions

What are the new ETFs launched by RBC Global Asset Management?

The new ETFs launched are the RBC U.S. Mid-Cap Growth Equity Fund (RUMG) and RBC Life Science and Technology Fund (RLST).

Where can I trade the new RBC GAM ETFs?

You can trade these ETFs on Cboe Canada and access them through discount brokers and full-service dealers.

What is the investment strategy for the RBC U.S. Mid-Cap Growth Equity Fund?

The fund aims for long-term capital appreciation by investing primarily in mid-capitalized U.S. listed equities across diversified industries.

Who manages the RBC GAM ETFs?

The RBC GAM ETFs are managed by RBC Global Asset Management Inc., which is part of Royal Bank of Canada.

Why are these ETF launches significant?

They offer Canadian investors varied access to U.S. markets and sectors crucial for future growth, particularly biotech and technology.

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