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RBF620

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1d
1w
1m

Analysis and statistics

  • Open
    23.5375$
  • Previous Close
    23.5375$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

RBF620.TO is the ticker symbol for the RBC Target 2020 Corporate Bond Index ETF. This exchange-traded fund (ETF) aims to replicate, to the extent reasonably possible and before fees and expenses, the performance of the FTSE Canada 2020 Maturity Corporate Bond Index. This index is designed to track the performance of Canadian investment grade corporate bonds with a term to maturity in the year 2020. The ETF primarily invests in corporate bonds denominated in Canadian dollars.

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Factors

FactorName: Gold Bullion Price

Explanation: RBF620.TO tracks gold prices. Fluctuations in spot gold prices directly impact its value. Higher gold prices increase the fund's net asset value and trading price, while lower prices decrease them. FactorName: Currency Exchange Rates

Explanation: The fund is CAD-denominated but holds gold often priced in USD. Currency fluctuations, especially the CAD/USD rate, affect the fund's CAD value. A weaker CAD relative to USD benefits the fund. FactorName: Management Expense Ratio (MER)

Explanation: The MER, the fund's operating costs, reduces the overall return. A higher MER negatively impacts the fund's performance compared to holding physical gold directly. FactorName: Market Sentiment

Explanation: Investor confidence and risk appetite affect demand for gold and, consequently, the fund. Increased risk aversion often drives investors to gold as a safe haven asset, boosting the fund's price. FactorName: Supply and Demand for the ETF

Explanation: Like any exchange-traded fund, supply and demand in the market influence its price. Higher demand pushes the price above the NAV, while lower demand can cause it to trade at a discount.

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