When RBC entered the ETF marketplace back in 2011, it tested the waters with a family of specialized bond ETFs. Since then they’ve created a number of equity ETFs, all with active strategies. However, RBC recently filed a preliminary prospectus for a new family of plain old index ETFs covering the core asset classes you’ll find in a classic Couch Potato portfolio.
Normally the appearance of more “me too” ETFs wouldn’t be newsworthy, but RBC’s entry is interesting for a couple of reasons. First, the new lineup will include at least one unique product: a global bond ETF. And second, it will significantly improve the bank’s lineup of index mutual funds.
I’ll discuss the mutual funds in my next post. For now let’s look at RBC’s seven new ETFs, which will hit the market in early September. The four equity ETFs are traditional cap-weighted funds of large and midcap stocks:
RBC Canadian Equity Index ETF
FTSE Canada All Cap Domestic Index
RBC U.S. Equity Index ETF
FTSE USA Index
RBC International Equity Index ETF
FTSE Developed ex North America Index
RBC Emerging Markets Equity Index ETF
FTSE Emerging Index
All of the new funds track indexes from FTSE,