New RBC Emerging Markets Fund offers Canadian investors
opportunities and diversification beyond “BRIC”
TORONTO, April 19, 2010— RBC Asset Management
Inc. (RBC AM) today announced that the RBC Emerging Markets
Fund is now available to Canadian investors. The fund is appropriate
for investors with a long-term focus, who are seeking global
diversification and access to high quality emerging market
opportunities.
"We have invested a great deal of resources and due
diligence into our emerging markets strategy and we are excited
to be offering it to Canadian investors," said Doug Coulter,
president of RBC AM. "The new RBC Emerging Markets Fund
provides investors with a low-fee emerging market investment
that is a distinct concentrated portfolio of high-quality
companies broadly diversified beyond the typical offerings
of Brazil, Russia, India and China ('BRIC')."
The fund is managed by Phil Langham, senior portfolio manager
and head of the Emerging Markets Team for RBC Global Asset
Management. The team is based in London, England, which is
considered to be the global centre of emerging markets investment
management. The team takes a disciplined approach to investing
in businesses in sectors with solid long-term prospects and
exposure to domestic growth, such as financials and consumer-oriented
companies.
"Our stock selection process focuses on high-quality
companies with characteristics such as higher-than-average
profitability and stronger balance sheets," added Langham.
"Based on where we are in the current economic and market
cycles, we believe this is a compelling time for investors
seeking emerging market exposure."
The RBC Emerging Markets Fund offers some of the lowest management
fees among actively managed funds in the emerging markets
category in Canada (1.85 per cent for Series A and Advisor
Series units, 1.00 per cent for Series D units, and 0.75 per
cent for Series F units).
Please consult your advisor and read the prospectus before
investing. There may be commissions, trailing commissions,
management fees and expenses associated with mutual fund investments.
Mutual funds are not guaranteed, their values change frequently
and past performance may not be repeated. RBC Funds are offered
by RBC Asset Management Inc. and distributed through authorized
dealers.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) comprises RBC Asset
Management Inc. (RBC AM), Phillips, Hager & North Investment
Management Ltd. (PH&N) and RBC Global Asset Management
(U.S.) Inc. RBC GAM group of companies manage approximately
$200 billion in assets, including over $100 billion in IFIC-reported
mutual fund assets in Canada. PH&N won the Lipper Awards
for "Best Overall Fund Group" in 2010 and "Best
Bond Fund Family" in 2007, 2008 and 2010; RBC AM won
the Lipper Awards for "Best Bond Fund Family" in
2009 and "Best Overall Fund Group" in 2007 and 2008.
Website: www.rbcgam.com.
RBC Global Asset Management is part of RBC Wealth Management,
which directly serves affluent and high net worth clients
in Canada, the United States, Latin America, Europe and Asia
with a full suite of investment, trust and other wealth management
solutions. The business also provides asset management products
and services directly and through RBC and third-party distributors
to institutional and individual clients, and has more than
$490 billion of assets under administration, more than $240
billion of assets under management and more than 4,500 financial
consultants, advisors, private bankers and trust officers.
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For more information, please contact:
Yen To,
RBC Global Asset Management Communications, 416 955-5916
Matt Gierasimczuk,
RBC Media Relations, 416 974-2124
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