RBC iShares expanded its suite of portfolio ETFs to five with the launch three new funds on Tuesday.
The iShares Core Income Balanced ETF Portfolio, iShares Core Conservative Balanced ETF Portfolio and iShares Core Equity ETF Portfolio are expected to begin trading on the Toronto Stock Exchange on Tuesday, RBC iShares said in a release.
All three funds have a management fee of 0.18% and will be managed by BlackRock Asset Management Canada Limited.
“Recognizing that each investor is unique, we’re excited to add three ETFs to the suite, to help meet the range of investors’ goals and risk profiles,” Pat Chiefalo, managing director, head of iShares Canada at BlackRock, said in the release.
The new funds will be offered alongside RBC iShares’ existing portfolio ETFs, the iShares Core Growth ETF Portfolio and the iShares Core Balanced ETF Portfolio, which also have a management fee of 0.18%.