Canadians can have the mix of security and profitability that they desire with two new GICs: the RBC ESG Market-Linked GIC and the RBC North American MarketSmart GIC.
These new offerings are the product of a new alliance between RBC Capital Markets and the GIC business within the retail bank, combining their expertise, product development capabilities, and knowledge of the market.
The RBC ESG Market-Linked GIC is built on Environmental, Societal, and Governance and is tailored to serve investors who desire to contribute to bettering the world by giving priority to ESG issues in making investment moves.
This ESG GIC is connected to a global index of corporations that have been deemed environmentally and socially responsible after passing stringent tests and reviews in line with ESG requirements. Other markers considered include low carbon impact and a healthy financial state.
The RBC North American MarketSmart GIC is a new and unique provision by RBC which will monitor the health and trends of a uniquely selected basket of stocks in 20 North American firms. This customized basket then allows Canadian investors to buy stocks in some of the biggest firms, including Bell, Canada’s Big Five banks, Coca-Cola, Johnson & Johnson, McDonald’s, and Pfizer, among others.
“We know investors are looking for higher yields – particularly in a low-interest-rate environment – while minimizing risk. Both of these new GICs help make that possible,” said Flora Do, Vice-President, Term Investments & Savings, RBC.
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