TORONTO, March 13, 2019 /CNW/ - RBC Global Asset Management
Inc. today announced that the RBC Target 2019 Corporate Bond Index ETF (TSX: RQG) will mature on Friday,
November 15, 2019.
Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date that is established
when the ETF is launched and disclosed in its prospectus. When the ETF reaches its maturity date, the ETF's final net asset value
(NAV) is returned to the current unitholders.
A target maturity ETF's portfolio contains securities that mature throughout its stated maturity year. This structure results
in a duration profile similar to that of an individual bond, where the ETF's duration can be expected to decline as it approaches
maturity, reducing sensitivity to interest rate changes. These ETFs do not seek to return any predetermined amount at
maturity.
The RBC family of Target Maturity Corporate Bond ETFs includes seven ETFs with maturities ranging from 2019 to 2025.
For further information regarding RBC ETFs, please visit https://www.rbcishares.com.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETF). Please read
the applicable prospectus or Fund 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 Global Asset Management
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