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About RBC GLOBAL ENERGY FUND
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Inception date
Mar 8, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Capitalizes
Primary advisor
RBC Global Asset Management, Inc.
The fund invests in equity securities of companies from around the world involved in the broad energy sector. Companies considered are involved directly or indirectly in exploration, development, production or distribution of energy and energyrelated products, or in activities in the energy sector. The fund selects oil and gas stocks based on proven management, strong balance sheet, lowcost operations, highquality proven reserves and consistent growth in annual production of crude oil and natural gas. Stocks are monitored and reviewed to ensure the desired relative values. The fund forecasts both crude oil and natural gas prices, diversifies its holdings between senior to junior producers, as well as services providers. It may also invest in cash and income trusts, as well as engage in securities lending. It may hold derivatives for hedging purposes. The fund attempts to also incorporate material ESG factors. As an actively managed ETF, the portfolio managers may make buy, hold, and sell decisions at any time at their discretion.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RENG assets under management is 1.04 M CAD. It's risen 5.03% over the last month.
RENG fund flows account for 0.00 CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, RENG doesn't pay dividends to its holders.
RENG shares are issued by Royal Bank of Canada under the brand RBC. The ETF was launched on Mar 8, 2023, and its management style is Active.
RENG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RENG price has risen by 3.15% over the last month, and its yearly performance shows a −0.43% decrease. See more dynamics on RENG price chart.
NAV returns, another gauge of an ETF dynamics, showed a −8.66% decrease in three-month performance and has increased by 0.14% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −8.66% decrease in three-month performance and has increased by 0.14% in a year.
RENG trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.