TORONTO, April 23, 2018 /CNW/ - RBC Global Asset
Management Inc. (RBC GAM Inc.) today announced changes to the risk
ratings of certain exchange-traded funds (ETFs). These changes will
be reflected in the prospectus updates filed for these ETFs on or
about April 25, 2018.
The changes are based on the methodology mandated by the
Canadian Securities Administrators to determine the risk level of
ETFs. RBC GAM Inc. reviews the risk rating for each ETF on an
annual basis, as well as when an ETF undergoes a material change.
These changes are the result of an annual review and are not a
result of any changes to the investment objectives, strategies or
management of the funds.
Risk rating increases
ETF
|
Current
|
New
|
RBC Quant Global Real
Estate Leaders ETF
|
Medium
|
Medium to
high
|
Risk rating decreases
ETF
|
Current
|
New
|
RBC Canadian
Preferred Share ETF
|
Medium
|
Low to
medium
|
RBC Quant Global
Infrastructure Leaders ETF
|
Medium
|
Low to
medium
|
RBC Quant Emerging
Markets Dividend Leaders ETF
|
High
|
Medium to
high
|
RBC Quant Emerging
Markets Equity Leaders ETF
|
High
|
Medium to
high
|
For further information regarding RBC ETFs, please
visit www.rbcgam.com/etfs.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETF). Please read the
applicable prospectus or ETF Facts document before investing. ETFs
are not guaranteed, their values change frequently and past
performance may not be repeated. ETF units are bought and sold at
market price on a stock exchange and brokerage commissions will
reduce returns. RBC ETFs do not seek to return any predetermined
amount at maturity. Index returns do not represent RBC ETF returns.
RBC ETFs are managed by RBC Global Asset Management Inc., an
indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management
division of Royal Bank of Canada
(RBC) and includes institutional money managers BlueBay Asset
Management and Phillips, Hager & North Investment Management.
RBC GAM is a provider of global investment management services and
solutions to institutional, high-net-worth and individual investors
through separate accounts, pooled funds, mutual funds, hedge funds,
exchange-traded funds and specialty investment strategies. The RBC
GAM group of companies manage approximately $425 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC