The investment objectives for two funds will be altered and one of the funds would also be renamed
Unitholders in RBC Target 2017 Corporate Bond Index ETF will receive the final net asset value as of Nov. 17
Manulife plans to terminate several funds in two phases to simplify its platform while RBC will shut down two funds due to their small size and to get rid of duplication
Equity level of 2050 target-date fund rises, levels off, then declines
Asset allocation is based on specific retirement dates
The ETFs will invest in a variety of income-producing investments, including preferred shares, infrastructure firms and corporate bonds
The firm will no longer be accepting subscriptions for units of RBC Target 2016 Corporate Bond Index ETF’s, which is scheduled to mature on Nov. 18
Objectives and strategies remain the same
The decision to limit inflows is in order to preserve the portfolio management teams' ability to fulfill their mandates
The three funds aim to provide long-term capital growth while minimizing the exposure to currency fluctuations relative to the Canadian dollar