RBC Global Asset Management Opens NEO

RBC Global Asset Management, including Stephen Hoffman, Vice President, Exchange Traded Funds, joined NEO’s Erik Sloane, Head of Sales, to open the market to celebrate the recent launch of the RBC Canadian Discount Bond ETF (NEO:RCDB), which began trading today.

RCDB provides a low cost, one-stop fixed income solution designed to provide tax-efficient returns for investors by delivering a return stream comprised of interest and capital gains.  This is the third time RBC GAM has chosen to list ETFs on NEO, and the first launch after establishing the RBC iShares brand.