RBC and TD are alleged to have overcharged clients for a hidden "closet indexing" investment strategy
Product Watch
Five RBC Index ETFs will merge into iShares ETFs
The suite includes four equity ETFs and two bond ETFs
There will be no changes to the pool's investment objectives
RBC GAM and BlackRock say their alliance will be good for the industry. But what about the smaller players?
The alliance “will expand their ETF businesses in Canada beyond what each would have achieved individually,” report states
National Bank analysts say the new brand represents an “alignment of capabilities”
The strategic alliance between the two asset-management giants will feature 150 ETFs with a combined $60 billion in AUM
The changes take effect Jan. 1, 2019