The fund uses long and short positions in major global stocks to deliver non-directional returns.
Toronto-based RBC Global Asset Management (RBC GAM) has launched the exchange-traded fund (ETF) Series of the Canadian dollar hedged RBC Qube Market Neutral World Equity Fund. The strategy seeks to minimise exposure to currency fluctuations between the US dollar and Canadian dollar The fund is an absolute return, market neutral strategy which seeks capital growth independent of broad equity market movements. It invests primarily in units of the underlying RBC Qube Market Neutral World