RBC iShares launches new ETFs masking U.S. market

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RBC iShares has introduced the launch of latest ETFs – the RBC U.S. Low cost Bond ETF and USD models of the RBC U.S. Dividend Lined Name ETF, each of which at the moment are buying and selling on the Toronto Inventory Alternate.

“Since its launch in 2019, RBC Canadian Low cost Bond ETF has been one in every of our extra fashionable ETF options, attracting important consideration from Canadian advisors and buyers because of its distinctive funding goal and purpose of offering enticing after-tax yield to maturity,” stated Mark Neill, head of RBC ETFs at RBC Global Asset Management Inc.

Every of the RBC U.S. Low cost Bond ETFs and RBC U.S. Low cost Bond (CAD Hedged) ETFs purpose to present buyers publicity to a various portfolio of primarily short-term bonds issued within the U.S. market by U.S. governments and U.S., and overseas firms, and that are buying and selling at a reduction to the common value of the U.S. short-term bond universe. Foreign money fluctuations between the U.S. and Canadian {dollars} are additionally hedged by the RBC U.S. Low cost Bond (CAD Hedged) ETF.

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