RBC iShares Launches CAD-Hedged Market Neutral Equity ETF Series

The RBC iShares alliance has launched ETF Series units of the RBC QUBE Market Neutral World Equity Fund (CAD Hedged), scheduled to trade on Cboe Canada under RNWH with a 1.00% management fee. Managed by RBC Global Asset Management, the fund seeks capital growth substantially independent of global equity market performance. It invests primarily in an underlying fund that uses quantitative models to select long and short stock positions, manage portfolio risk and target factors associated with outperformance. A currency hedge seeks to reduce U.S. dollar fluctuations against the Canadian dollar. The launch expands the alliance’s liquid alternatives range, bringing its market neutral strategy to investors in a CAD-hedged ETF format.