RBC announces Maturity Date of RBC target 2013
RBC Global Asset Management Inc today announced that the RBC Target 2013 Corporate Bond Index ETF will mature on Friday, November 22, 2013. This will be the first RBC Target Maturity Corporate Bond ETF to mature. Target maturity ETFs are still relatively new to Canadian investors, said Mark Neill, head of RBC ETFs. By providing the maturity date of the RBC Target 2013 Corporate Bond Index ETF well in advance, our goal is to help investors make informed decisions with respect to their bond portfolio. This includes deciding whether to move their holdings into a subsequent maturity of an RBC ETF or hold them through to maturity. The suite of RBC Target Maturity Corporate Bond ETFs includes nine fixed income corporate bond ETFs with maturities spanning from 2013 to 2021.