RBC Global Asset Management selects FTSE Russell indexes for seven new ETFs for Canadian investors
— Global equity & fixed income indexes from FTSE Russell in seven new RBC ETFs
— FTSE Russell continues to build Canada retail presence and partner relationships
— RBC GAM relationship shows growing multi-asset capabilities for FTSE Russell
FTSE Russell today announces that RBC Global Asset Management (RBC GAM) has selected seven FTSE Russell indexes, including the recently acquired Citi World Government Bond Index, as benchmarks for RBC’s new equity and fixed income index ETF offerings, which began trading on the Aequitas NEO Exchange today.
Jacqueline O’Flanagan, Head of Canada at FTSE Russell, said:
“Recognizing our strong history and institutional presence in Canada, we’re delighted that RBC GAM has chosen FTSE Russell benchmarks for their equity and fixed income ETF line-up. As Canadian investors increasingly look to access domestic and global equity and fixed income markets, it is important to work with an index provider that can offer a truly global multi-asset family of benchmarks, data, analytics and tools.”
Stephen Hoffman, VP, Exchange Traded Funds at RBC Global Asset Management, said:
“We are pleased to expand our relationship with FTSE Russell and utilize their broad index capabilities for this new ETF launch. We believe in investor choice, and as such it is important that we offer our clients a fully diversified suite of index-based investment products covering domestic and global markets across both equity and fixed income and we are able to accomplish this with FTSE Russell.”
Growing relationships like RBC GAM continue to fuel FTSE Russell’s expanding presence in the Canadian marketplace and strengthen the firm’s growing status as a global multi-asset index provider. Earlier this year, BMO Global Asset Management launched four ETFs based on the Russell Developed Large Cap 100% Hedged to CAD Sector indices and Invesco PowerShares recently introduced an income-focused ETF tracking the FTSE TMX Canada Investment Grade 1-10 Year Laddered Corporate Bond Index.
Most recently, FTSE Russell’s parent company, London Stock Exchange Group, completed its acquisition of The Yield Book and Citi Fixed Income Indices. Working collaboratively with Yield Book, this acquisition enhances FTSE Russell’s ability to provide customers with broader multi-asset capabilities and a deeper data and analytics offering. The FTSE Russell indexes being utilized by RBC GAM for its new suite of ETFs illustrates the depth and breadth of its multi-asset capabilities:
- FTSE TMX Canada Universe + Maple Short Term Overall Bond Index is the basis for the RBC Canadian Short Term Bond Index ETF (RCSB)
- FTSE TMX Canada Universe + Maple Bond Index is the basis for the RBC Canadian Bond Index ETF (RCUB)
- Citi World Government Bond Index is the basis for the RBC Global Government Bond (CAD Hedged) Index ETF (RGGB). (With the acquisition of The Yield Book and Citi’s Fixed Income Indices by the London Stock Exchange Group, completed August 31, the Citi World Government Bond Index is now offered by FTSE Russell.)
- FTSE Canada All Cap Domestic Index is the basis for the RBC Canadian Equity Index ETF (RCAN)
- FTSE USA Index is the basis for the RBC U.S. Equity Index ETF (RUSA)
- FTSE Developed ex North America Index is the basis for the RBC International Equity Index ETF (RINT)
- FTSE Emerging Index is the basis for the RBC Emerging Markets Equity ETF (REEM)
Next Friday September 29, FTSE Russell executives will join RBC GAM to ring the opening bell at the Aequitas NEO Exchange in celebration of these new ETFs and their continued partner relationship.
More information on FTSE Russell indexes can be found on the FTSE Russell website.
– Ends –
For further information:
Notes to editors:
About FTSE Russell:
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $15 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
© 2017 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE TMX Global Debt Capital Markets Inc. and FTSE TMX Global Debt Capital Markets Limited (together, “FTSE TMX”) and (4) MTSNext Limited (“MTSNext”). All rights reserved.
FTSE Russell® is a trading name of FTSE, Russell, FTSE TMX and MTS Next Limited. “FTSE®”, “Russell®”, “FTSE Russell®” “MTS®”, “FTSE TMX®”, “FTSE4Good®” and “ICB®” and all other trademarks and service marks used herein (whether registered or unregistered) are trade marks and/or service marks owned or licensed by the applicable member of the LSE Group or their respective licensors and are owned, or used under licence, by FTSE, Russell, MTSNext, or FTSE TMX.
All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by any member of the LSE Group nor their respective directors, officers, employees, partners or licensors for any errors or for any loss from use of this publication or any of the information or data contained herein.
No member of the LSE Group nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Russell Indexes or the fitness or suitability of the Indexes for any particular purpose to which they might be put.
No member of the LSE Group nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing in this communication should be taken as constituting financial or investment advice. No member of the LSE Group nor their respective directors, officers, employees, partners or licensors make any representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the applicable member of the LSE Group. Use and distribution of the LSE Group index data and the use of their data to create financial products require a licence from FTSE, Russell, FTSE TMX, MTSNext and/or their respective licensors.