Toronto-based RBC Global Asset Management Inc. (RBC GAM) launched four new exchange-traded funds (ETF) on Wednesday. One of the funds is the first EAFE dividend ETF to launch in the Canadian market, according to RBC GAM.

Here is a list of the new funds, including management fees:

• RBC Quant Canadian Dividend Leaders ETF (TSX: RCD) – 0.39%
• RBC Quant U.S. Dividend Leaders ETF (TSX: RUD) – 0.39%
• RBC Quant U.S. Dividend Leaders ETF – US$ (TSX: RUD.u) – 0.39%
• RBC Quant EAFE Dividend Leaders ETF (TSX: RID) – 0.49%
• RBC Quant EAFE Dividend Leaders ETF – US$ (TSX: RID.u) – 0.49%
• RBC 1-5 Year Laddered Corporate Bond ETF (TSX: RBO) – 0.25%

Bill Tilford, head of Quantitative Investments with RBC GAM will manage the RBC Quant Dividend Leaders ETFs along with a team of portfolio managers and analysts. The team will manage the new funds following a rules-based investment approach, notes a release from RBC GAM, that will find companies with above average dividend yields, strong balance sheets, positive market sentiment and potential future dividend growth.

THE U.S. and EAFE Quant Dividend Leader ETFs are not currency hedged. Advisors, individual and institutional investors can purchase the ETFs in Canadian or U.S. dollar units on the TSX.

The laddered corporate bond ETF is designed to provide exposure to a portfolio of a mix of individual Canadian investment grade corporate bonds through the RBC Target Maturity Corporate Bond ETFs.

In addition to the new ETFs, RBC GAM also announced a reduced management fee for seven of its RBC Target Maturity Corporate Bond ETFs, with maturity years ranging from 2015 to 2021. The ETF management fees will now sit at 0.25%, down from 0.30%.

Furthermore, the management of the RBC Target 2014 Corporate Bond ETF was reduced to 0.20% on January 1st, 2014 as per its prospectus.