TORONTO, Aug. 14, 2019 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced a change to the risk rating
of RBC Canadian Bank Yield Index ETF (ticker: RBNK). The change
will be reflected in the prospectus update for RBC Canadian Bank
Yield Index ETF which will be filed on or about August 16, 2019.
The change is based on the methodology mandated by the Canadian
Securities Administrators to determine the risk level of
exchange-traded funds ("ETFs"). RBC GAM Inc. reviews the risk
rating for each ETF on an annual basis, as well as when an ETF
undergoes a material change. This change is the result of an annual
review and is not a result of any changes to the investment
objective, strategy or management of RBC Canadian Bank Yield Index
ETF.
Risk rating decrease
The risk rating for RBC Canadian
Bank Yield Index ETF has decreased from "medium to high" to
"medium".
ETF
|
Ticker
|
Current
|
New
|
RBC Canadian Bank
Yield Index ETF
|
RBNK
|
Medium to
high
|
Medium
|
For further information regarding RBC ETFs, please visit
https://www.rbcgam.com/etfs.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETFs). Please read the
applicable prospectus or ETF 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 GAM Inc., a member of the RBC GAM group
of companies and 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 $430 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management