RBC Global Asset Management refiles management report of fund performance
TORONTO, May 9, 2018 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the refiling of the Management Report of Fund Performance (MFRP) for RBC Strategic Global Dividend Leaders ETF (ticker: RLD). The purpose of the refiling is to correct an inadvertent misstatement of the management expense ratio for the ETF from 0.45% to 0.61%.
No other changes were made to the MRFP. The refiled MRFP will be available on the RBC ETFs website at www.rbcgam.com/etfs and on SEDAR at www.sedar.com. RBC GAM Inc. intends to update the ETF's offering documents to reflect this correction.
For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETF). Please read the applicable prospectus or ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., an indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $425 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management
