RBC Launches Liquid Alternative Quant Equity ETFs

May 13 2015 | 7:11am ET

, according to a press release. 

The new funds offer investors and advisors diversified core equity exposure in Canadian, U.S. and international equity markets, together with the option to hedge foreign currency risk, and trade on the Toronto Stock Exchange.

The RBC Quant Canadian Equity Leaders ETF (RCE) focused on companies domiciled in Canada and follows the RBC GAM’s rules-based Quant Equity Leaders investment process. It carries a management fee of 0.39%.

The RBC Quant U.S. Equity Leaders ETF (RUE) is similar to RCE but focuses instead on U.S.-domiciled companies that pass muster in the Quant Equity Leaders investment process. It also has a management fee of 0.39%. The ticker symbol "RUE" represents Canadian-dollar-denominated units, while the ticker symbol "RUE.u" represents U.S.-dollar denominated units.

The RBC Quant EAFE Equity Leaders ETF (RIE)  focuses on international companies and also utilizes the Quant Equity Leaders investment process. It carries a management fee of 0.49%. The ticker symbol "RIE" represents Canadian-dollar-denominated units, while the ticker symbol "RIE.u" represents U.S.-dollar denominated units.

Meanwhile, RBC GAM also announced Canadian dollar-hedged versions of the U.S. and EAFE ETFs, named RBC Quant U.S. Equity Leaders (CAD Hedged) ETF (RHS) and RBC Quant EAFE Equity Leaders (CAD Hedged) ETF (RHF).

The five new ETFs launched today bring the total number of RBC ETFs to 21, with over $1.2 billion in assets under management as of March 31, 2015.

Toronto-based 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. In total, RBC GAM’s group of companies manages in excess of C$370 billion.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...