Sign up for free newsletter



RBC Target 2014 Corporate Bond Index ETF to mature in November

The RBC Target 2014 Corporate Bond Index ETF will mature on 21 November 2014.

This will be the second RBC Target Maturity Corporate Bond ETF to mature since the suite of fixed income ETFs was introduced in 2011.
"The RBC Target Maturity Corporate Bond ETFs seek to provide investors with a high quality and flexible fixed income solution that functions similar to a bond," says Mark Neill, head of RBC ETFs. "By providing the maturity date in advance, our goal is to help investors make informed decisions on whether to hold their investment through to maturity or move their existing holdings to an alternative RBC ETF that matures at a later date."
The RBC GAM family of fixed income ETFs includes eight Target Maturity Corporate Bond ETFs with maturities ranging from 2014 to 2021, along with the RBC 1-5 Year Laddered Corporate Bond ETF (RBO) that was launched earlier this year.
Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date that is established when the ETF is launched. When the ETF reaches the maturity date, the ETF's final net asset value (NAV) is returned to the current unitholders.

from our other sites
18 hours 57 min from now - New Haven
2 days 18 hours from now - Tokyo
1 week 18 hours from now - New York
Mon, 05/12/2016   - London
Mon, 05/12/2016   - London
other gfm publications