RBC GAM joins BlackRock Asset Management, BMO Global Asset Management, Invesco Canada, Mackenzie Investments and Redwood Asset Management as ETF providers with listings on the new stock exchange.

RBC Global Asset Management has launched seven new exchange-traded funds (ETFs) on the Aequitas NEO Exchange, which is a new Canadian stock exchange launched in March 2015.

With the launch of these new index-tracking ETFs, RBC GAM becomes the sixth and newest fund provider to list with NEO in 2017, the firm said in a statement.

The new ETFs launched by RBC GAM are: the RBC Canadian Short Term Bond Index ETF, the RBC Canadian Bond Index ETF, the RBC Global Government Bond (CAD Hedged) Index ETF, the RBC Canadian Equity Index ETF, the RBC US Equity Index ETF, the RBC International Equity Index ETF and the RBC Emerging Markets Equity Index ETF.

“Through our ongoing efforts to educate the investor community about the benefits of competing listing venues and the implementation of NEO-listed data across all relevant market data distribution channels, we are working to build a healthier, more competitive market in Canada,”  said Jos Schmitt, president and chief executive at NEO Exchange. “We look forward to building a long-lasting partnership with RBC Global Asset Management.”

RBC GAM joins BlackRock Asset Management, BMO Global Asset Management, Invesco Canada, Mackenzie Investments and Redwood Asset Management as ETF providers with listings on NEO. The launch of RBC ETFs brings the total number of ETF listings on NEO to 25.

The NEO Exchange is a wholly owned subsidiary of Aequitas Innovations, a company founded by a group of investors representative of all Canadian capital market stakeholders.