MarketsMuse blog update profiles RBC Global Asset Management launching five new liquid alternative equity ETFs. These five new ETFs allow for investors to be exposed to Canadian, American, and other international equity markets. These ETFs are now available for purchase on the Toronto Stock Exchange (TSX). These new ETFs are:
- RBC Quant Canadian Equity Leaders ETF (RCE)
- RBC Quant U.S. Equity Leaders ETF (RUE)
- RBC Quant EAFE Equity Leaders ETF (RIE)
- RBC Quant U.S. Equity Leaders (CAD Hedged) ETF (RHS)
- RBC Quant EAFE Equity Leaders (CAD Hedged) ETF (RHF)
This update is courtesy of FINAlternatives’ article, “RBC Launches Liquid Alternative Quant Equity ETFs”, with an excerpt below.
RBC Global Asset Management has launched five new liquid alternative equity ETFs that employ quantitative, rules based methodologies for investment selections instead of relying on an index, 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.
To continue reading about these five new ETFs from RBC Global Asset Management, click here.