RBC an­nounces Ma­tu­rity Date of RBC tar­get 2013

The Pak Banker - - COMPANIES/BOSS -

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.

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