CETFA In The News

RBC Global Asset Management Joins the Canadian ETF Association

The Canadian ETF Association (CETFA) announces that RBC Global Asset Management(RBC GAM) has joined the association as its newest member firm.

“We are very pleased to be joining CETFA and supporting their commitment to providing investor awareness and education, product definitions and standards,and regulatory advocacy in the ETF space,” said Cary Blake, Vice President of RBC Global Asset Management Inc. “It has become increasingly important for all ETF stakeholders to develop a unified approach in a number of key areas, and we’re proud to help bring the industry one step closer to this goal.”

RBC Global Asset Management launched eight RBC TargetMaturity Corporate Bond Exchange-Traded Funds (ETFs) on September 15, 2011. The suite of RBC ETFs were developed based on advisor and investor input, offering advisors increased flexibility to tailor their bond laddering strategies for clients, serve as a source of cash to match large known future liabilities, and capture perceived opportunities at particular points on the yield curve.

“The Canadian ETF Association is very proud to have RBC Global Asset Management join us as a full member,” said Howard Atkinson, the current chair of the Canadian ETF Association. “While RBC GAM is a relatively new entrant in the Canadian ETF space, they are the largest asset manager in Canada. Their depth of experience and expertise as it relates to investment products will be an invaluable resource for the association.”

CETFA aims to be the Canadian ETF Industry's leading source for relevant ETF information and asset under management statistics. Through creating more awareness about ETFs, providing greater depth of education to investors and dealing with industry specific issues, both regulatory and structural, CETFA has taken an activist role on behalf of all ETF providers to improve industry practices and defend the positions of member firms.

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers Blue Bay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $250 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.

The Canadian ETF Association is the national body of ETF providers. Canadian investors have over $40 billion invested in more than 200 Canadian-listed ETFs. As ETF usage continues to grow in Canada, CETFA will seek to educate Canadians on the appropriate usage of exchange traded funds, as well as work proactively with members and regulators to ensure the ETF industry adopts best practice standards. Full Membership in CETFA is open to all Canadian ETF providers and supporting service providers to the ETF industry may also join as affiliate members.