RBC adds to its ETF lineup

Toronto RBC Global Asset Management Inc. has expanded its Target Maturity-branded corporate bond ETF lineup with the introduction of RBC Target 2021 Corporate Bond Index ETF. This new ETF will maintain a diversified portfolio of individual Canadian investment-grade corporate bonds with an effective maturity of November 2021. Similar to the other RBC Target Maturity corporate bond ETFs, the new ETF is designed to act like an individual bond while providing the diversification and professional oversight of a mutual fund with the transparency and intraday liquidity of an ETF. The Target Maturity corporate bond ETF lineup totals of nine funds.

(cohara@investmentexecutive.com).