RBC Global Asset Management has unveiled four new Exchange Traded Funds (ETFs) to meet investors demand for generating regular monthly income.
The four new ETF’s include the RBC Quant EAFE Dividend Leaders ETF (Canadian and US dollar versions), the RBC Quant Canadian Dividend Leaders ETF, the RBC Quant U.S. Dividend Leaders ETD (CAD & USD), and the RBC 1-5 Year Laddered Corporate Bond ETF.
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The RBC Quant EAFE Dividend Leaders ETF is the first dividend ETF in Canada focused on Europe, Australia and Southeast Asia (EAFE).
The ETF’s, which include three dividend-focused equity funds and one short- to mid-term fixed income fund, are currently available for purchase by advisors, individual and institutional investors on the Toronto Stock Exchange.
The ETFs will be managed by Bill Tilford, the firm’s head of quantitative investments, and his team.
The ETF’s that are high-quality core dividend income solutions accessing Canadian, US and international equities, respectively will follow a rules-based, multi-factor investment approach to identify companies with higher-than-average dividend yields, strong balance sheets, positive market sentiment and potential for future dividend growth.
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By GlobalDataThe Canadian and US ETFs will have a management fee of 0.39%, while EAFE ETF will have 0.49%, and 0.25% for the laddered bond ETF.
Additionally, the RBC 1-5 Year Laddered Corporate Bond ETF (RBO) will provide exposure to a diversified portfolio of individual Canadian investment grade corporate bonds and also offers a steady stream of income through exposure to a large, diversified portfolio of bond holdings.
Doug Coulter, president of RBC Global Asset Management, said: "Our ongoing dialogue with advisors and investors has confirmed a strong interest in higher-quality investments with a focus on long-term income across a range of geographies. These new ETFs address those needs, offering superior construction and very competitive management fees."
Mark Neill, head of RBC ETFs, said: "We believe that these new dividend ETFs provide a superior level of portfolio diversification, quality and value with access to some of the most attractive dividend growth opportunities available in the market. The launches bring our total number of RBC ETFs in the marketplace to 12.
"Adding these new dividend and laddered corporate bond options to our solutions suite enables advisors and investors to construct high-quality portfolios with leading dividend-paying companies, all with an experienced and trusted investment manager."
