Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) is pleased to announce that RBC Global Asset Management Inc. (“RBC GAM Inc.”) has launched seven new Exchange Traded Funds (ETFs) on NEO that began trading today. With the launch of these new index-tracking ETFs, RBC GAM Inc. becomes the sixth and newest fund provider to list with NEO in 2017.
The following RBC ETFs to begin trading today:
Fund name |
Ticker |
RBC Canadian Short Term Bond Index ETF |
|
RBC Canadian Bond Index ETF |
|
RBC Global Government Bond (CAD Hedged) Index ETF |
|
RBC Canadian Equity Index ETF |
|
RBC U.S. Equity Index ETF |
|
RBC International Equity Index ETF |
|
RBC Emerging Markets Equity Index ETF |
While this is the first time RBC GAM Inc. has listed ETFs on NEO, many existing RBC ETFs already trade comfortably on the exchange. In the month of August 2017, NEO accounted for 52% of all volume in RBC GAM ETFs listed on the Toronto Stock Exchange.
“We are thrilled that our success in the ETF listing space has given RBC Global Asset Management confidence to list these new ETFs on NEO,” said Jos Schmitt, President and Chief Executive Officer, NEO Exchange. “Through our ongoing efforts to educate the investor community about the benefits of competing listing venues and the implementation of NEO-listed data across all relevant market data distribution channels, we are working to build a healthier, more competitive market in Canada. We look forward to building a long-lasting partnership with RBC Global Asset Management.”
RBC GAM Inc. joins BlackRock Asset Management, BMO Global Asset Management, Invesco Canada, Mackenzie Investments and Redwood Asset Management as ETF providers with listings on NEO. Today’s launch of RBC ETFs brings the total number of ETF listings on NEO to 25, comprised of 42 symbols.