Toronto-based RBC Global Asset Management Inc. (RBC GAM) announced on Tuesday that it has added another ETF focused on real estate to its lineup.
RBC Quant Global Real Estate Leaders ETF, developed by RBC GAM’s quantitative investment team, is driven by a rules-based and multifactor approach in its selection of global real estate investment trusts and companies operating in real estate.
With a management fee of 0.55%, the ETF also seeks to produce a monthly income and long-term capital growth, the firm’s news release says.
“As investors increasingly seek stable sources of income to enhance the yield of their portfolios, diversified global real asset investment solutions will continue to grow in importance,” says Mark Neill, head of RBC’s ETF division, in a statement.
RBC GAM’s new ETF, which also carries a U.S. dollar option, is now trading on the Toronto Stock Exchange.