RBC Global Asset Management Inc. announces changes to certain ETF risk ratings

TORONTO, April 23, 2018 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced changes to the risk ratings of certain exchange-traded funds (ETFs). These changes will be reflected in the prospectus updates filed for these ETFs on or about April 25, 2018.

The changes are based on the methodology mandated by the Canadian Securities Administrators to determine the risk level of ETFs. RBC GAM Inc. reviews the risk rating for each ETF on an annual basis, as well as when an ETF undergoes a material change. These changes are the result of an annual review and are not a result of any changes to the investment objectives, strategies or management of the funds.

Risk rating increases

Risk rating decreases

For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETF). Please read the applicable prospectus or ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., an indirect wholly-owned subsidiary of Royal Bank of Canada.

About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $425 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC