RBC GAM sets maturity date of corporate bond ETF

By Staff | March 16, 2015 | Last updated on March 16, 2015
1 min read

RBC Global Asset Management says its Target 2015 Corporate Bond Index ETF will mature on November 20, 2015.

Launched in 2011, the RBC suite of Target Maturity Corporate Bond ETFs consists of seven target maturity funds that have maturities ranging from 2015 to 2021. When the funds reach their maturity dates, their final net asset value is returned to current unit holders.

RBC says these ETFs do not seek to return any predetermined amount at maturity.


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The staff of Advisor.ca have been covering news for financial advisors since 1998.