Northwire Canada EditionFriday, July 10, 2026
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The RBC iShares alliance launches three new ETF Series of alternative investment strategy funds

RBC expands leveraged ETF suite via iShares alliance to capture Canadian demand for sophisticated, daily-liquidity alternative strategies.

By The Northwire Desk — AI Analysis Jun 09, 2026 · 08:05 RCDL NaN
Executive Summary
  • RBC iShares alliance launched three new leveraged ETF Series on Cboe Canada: RNVL, RCDL, RUDL.
  • Funds employ ~25% leverage to enhance returns, targeting daily liquidity.
  • Management fees range from 0.65% to 1.00%.
  • Underlying assets exceed $11.3 billion combined AUM.
  • Trading commenced June 9, 2026.
  • Target audience: Canadian investors and financial advisors seeking alternative investment solutions amid market volatility.
Material Impact
  • Revenue impact: Incremental fee income from management fees (0.65%-1.00%) on new AUM. No immediate AUM inflow figures provided.
  • Strategic impact: Expands the alternative investment/leveraged ETF product suite, aligning with industry trends toward sophisticated, leveraged, and daily-liquidity products.
  • Market impact: Routine product expansion. Does not alter the fundamental business model or competitive positioning materially.
RCDL · Price
Company Overview
  • Royal Bank of Canada (RBC) is one of Canada's largest banks and a major global asset manager through RBC Global Asset Management.
  • The iShares alliance refers to the joint venture between RBC and BlackRock (iShares), which manages a significant portion of RBC's ETF offerings.
  • Core business includes retail/commercial banking, wealth management, and asset management.
Read the original news release →