RBC GAM Inc. Announces New Index ETF, RBC SPTSX Capped Index ETF
TSX-Listed ETF to Provide Investors with Exposure to Canadian Equities
October 13, 2021, Toronto, Ontario – RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the launch of the RBC SPTSX Capped Index ETF (the "ETF"). The ETF will trade on the Toronto Stock Exchange under the ticker symbol "ZSPT".
The ETF is designed to provide investors with exposure to the performance of the S&P/TSX Capped Composite Index (the "Index"). The Index is a broad-based, market-capitalization-weighted index that represents the performance of the largest Canadian companies listed on the Toronto Stock Exchange. The ETF will invest primarily in equity securities in order to track the performance of the Index.
"We are pleased to offer investors the opportunity to access the Canadian equity market through our new index ETF," said Dan Chornous, Head of Product, RBC ETFs. "The ETF provides a convenient and cost-effective way to gain exposure to a diversified portfolio of Canadian companies."
The ETF has an annual management fee of 0.12%. It is available for purchase through RBC Direct Investing, RBC Dominion Securities, and other investment dealers.
About RBC Global Asset Management Inc.
RBC Global Asset Management Inc. (RBC GAM Inc.) is the asset management division of Royal Bank of Canada (RBC) and one of the largest asset managers in Canada. RBC GAM Inc. provides global investment solutions to individual and institutional investors through a variety of products and services, including mutual funds, exchange-traded funds, segregated funds, and hedge funds. RBC GAM Inc. has a team of over 200 investment professionals who manage over $500 billion in assets under management.
About the S&P/TSX Capped Composite Index
The S&P/TSX Capped Composite Index is a broad-based, market-capitalization-weighted index that represents the performance of the largest Canadian companies listed on the Toronto Stock Exchange. The Index is capped at 10% for any one sector and 25% for any one company. The Index is calculated on a real-time basis and is reviewed and rebalanced quarterly.
Comments