Latest offerings enhance advisors' and investors' ability to tailor their bond laddering strategies
RBC iShares has launched two new RBC Target Maturity Corporate Bond ETFs on the TSX.
With the two latest additions, RBC has extended its lineup of target-maturity corporate bond ETFs to include strategies that will mature in 2026 and 2027, respectively.
Each RBC Target Maturity Corporate Bond ETF tracks a specific FTSE Maturity Corporate Bond Index with a portfolio of Canadian investment-grade corporate bonds structured to mature in the same year as the associated target-maturity bond ETF. Upon reaching its maturity date, an RBC Target Maturity Corporate Bond ETF will have its final net asset value returned to the current unitholders.
“With the launch of these new ETFs, RBC iShares continues to deliver high quality fixed income solutions to meet the needs of Canadian advisors and investors,” Mark Neill, head of RBC ETFs, said in a statement.
The two new target-maturity bond ETFs, both offered with an annual management fee of 0.25%, are:
- RBC Target 2026 Corporate Bond Index ETF (RQO)
- RBC Target 2027 Corporate Bond Index ETF (RQP)
“By adding to the suite of RBC Target Maturity Corporate Bond ETFs, we are further enhancing the ability of investors and advisors to tailor their bond laddering strategies to the maturity date of their choice,” Neill said.
