The fee reductions also involve the Series O units of several PH&N funds
The new ETFs will follow indices provided by London, U.K.-based FTSE Russell
RBC Vision Fossil Fuel Free Global Equity Fund will avoid investing in companies directly engaged with extracting, processing or transporting of coal, oil or natural gas
Phillips, Hager & North Short Term Bond & Mortgage Fund had been capped to new investors in July 2016 to manage inflows
The firm will provide funding of $20 million during the next five years to develop tools to provide better experiences for investors and financial advisors
PH&N and Jantzi funds will be merging June 30
New investment objectives for seven funds
The changes will be effective June 30
RBC Quant Global Real Estate Leaders ETF uses a rules-based and multifactor approach in its selection of global REITs and companies in real estate
Each symbol will bear an identifying “H” at the tail of the symbol to mark that it’s currency hedged