RBC Global Asset Management Inc. today expanded its line-up of dividend-focused exchange-traded funds with the launch of new ETFs on the Toronto Stock Exchange.
They include RBC Quant European Dividend Leaders and RBC Quant Emerging Markets Dividend Leaders. Both are available in either Canadian-dollar or U.S.-dollar-denominated units. The new funds also include a currency-hedged version of the new European Dividend Leaders mandate.
There are also new currency-hedged versions of existing RBC Dividend Leaders ETFs in the U.S. Equity and International Equity categories, both of which have been offered since January of this year. (See table for a list of the new ETFs, for which management fees range from 0.39% to 0.64%.)
Employing rules-based quantitative methods, all of the Dividend Leaders ETFs are managed by the team led by Bill Tilford, RBC GAM's head of quantitative investments. The team screens for higher-than-average dividend yields, strong balance sheets, potential for dividend growth and positive market sentiment, and applies a modified cap-weighting methodology.
The new ETFs bring the number of RBC Quant Dividend Leaders ETFs to eight, of which four are also available in U.S.-dollar-denominated units. As of today, RBC GAM now offers a total of 17 ETFs, with about $530 million in assets under management.
New ETFs | TSX Symbol | Management fee | |
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF | RHU | 0.39% | |
RBC Quant European Dividend Leaders ETF | RPD | 0.49% | |
RBC Quant European Dividend Leaders ETF (USD) | RPD.U | 0.49% | |
RBC Quant European Dividend Leaders (CAD Hedged) ETF | RHP | 0.49% | |
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF | RHI | 0.49% | |
RBC Quant Emerging Markets Dividend Leaders ETF | RXD | 0.64% | |
RBC Quant Emerging Markets Dividend Leaders ETF (USD) | RXD.U | 0.64% | |
Source: RBC Global Asset Management Inc. | |||