RBC launches global real estate ETF

RBC Global Asset Management has launched a global real estate ETF.

The RBC Quant Global Real Estate Leaders ETF (TSX:RGRE) started trading on the TSX on Tuesday with the aim of providing stable monthly income and long-term capital growth, RBC said in a release.

Its management fee is 0.55%. The fund also has a U.S. dollar option under the ticker symbol RGRE.u.

The ETF uses a rules-based, multi-factor approach and invests in real estate operating companies with attractive yields, strong balance sheets and stable cash flows, RBC said.

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