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Toronto-based RBC Global Asset Management Inc. (RBC GAM) has launched seven new ETFs that began trading on the Aequitas NEO Exchange on Thursday.

This is the first time RBC GAM has listed ETFs on NEO and the firm will be the sixth provider to list on the exchange in 2017.

“We are thrilled that our success in the ETF listing space has given RBC Global Asset Management confidence to list these new ETFs on NEO,” says Jos Schmitt, president and CEO of NEO, in a statement.

“Through our ongoing efforts to educate the investor community about the benefits of competing listing venues and the implementation of NEO-listed data across all relevant market data distribution channels, we’re working to build a healthier, more competitive market in Canada,” he adds.

State Street Global Advisors (SSGA), the investment management division of Boston-based State Street Corp., is subadvising the seven new ETFs.

“The relationship between SSGA and RBC Global Asset Management has existed for almost 20 years, dating to the launch of the first RBC index mutual funds in 1998,” says Mark Neill, head of RBC ETFs, in a statement. “With today’s launch we are pleased to bring SSGA’s capabilities to the Canadian ETF marketplace.”

RBC GAM’s new ETFs will follow indices provided by London, U.K.-based FTSE Russell. RBC GAM and FTSE Russell have worked together since the RBC Target Maturity Corporate Bond ETFs were introduced in 2011, RBC GAM states.

“We believe in investor choice, and as such it is important that we offer our clients a fully diversified suite of index-based investment products covering domestic and global markets across both equity and fixed-income, and we are able to accomplish this with FTSE Russell,” says Stephen Hoffman, vice president of ETFs at RBC GAM, in a statement.

RBC GAM also announced that it has filed a final prospectus for four new actively managed fixed-income ETFs that will be launched later this year.

The upcoming ETFs are designed to leverage the investment capabilities behind the PH&N and BlueBay fixed-income funds and give investors to access a broad spectrum of expertise from RBC GAM’s fixed-income teams.

More details regarding the seven new ETFs are available on the firm’s news release.

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