RBC Global Asset Management launches RBC Emerging Markets
TORONTO, August 23, 2010 RBC Global Asset
Management (RBC GAM) today announced the launch of RBC Emerging
Markets Bond Fund, the only pure emerging markets bond fund
available to individual investors in Canada.
"As part of our commitment to providing a comprehensive
line-up of investment solutions, I am excited to announce
the launch of the RBC Emerging Markets Bond Fund. This low-cost
fund is the only one of its kind for individual Canadian investors
and draws upon the time-tested expertise of Jane Lesslie and
our emerging markets debt team," said Doug Coulter, president
of RBC Asset Management Inc.
The RBC Emerging Markets Bond Fund is a diversified portfolio
of emerging market government and corporate bonds of countries
such as Brazil, China, Colombia, Indonesia, Lebanon, Malaysia,
Mexico, Panama, Peru, Philippines, Poland, Russia, South Africa,
Turkey and Venezuela.
"Currently representing about 35 per cent of global
output, emerging markets have been the engine of growth, helping
the world recover from the 2008 financial crisis," said
Jane Lesslie, senior portfolio manager, RBC Asset Management
UK Limited. "Economic growth rates well above global
averages, stable to falling debt loads and supportive demographics,
including rapidly growing middle classes, continue to position
many of these countries as great investments going forward."
The fund is appropriate for investors seeking a combination
of income and capital growth potential while looking to diversify
the fixed-income portions of their portfolios through exposure
to emerging market debt securities. Investors should have
a long-term investment horizon and should be able to tolerate
fluctuations in the value of their investments.
The RBC Emerging Markets Bond Fund is available to individual
investors through four low-cost fee options: Series D (for
clients who invest directly through PH&N Investment Services
and RBC Direct Investing) and Series A, Advisor Series and
Series F (available through financial advisors). The fund
is also available to institutional investors through Series
The management fee for the four series available to individual
investors is outlined in the table below.
|RBC Emerging Markets Bond Fund - Management
Please 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.
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.
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.
RBC Wealth Management provides integrated and diversified
international wealth management expertise and solutions, asset
management and trust services to high net worth individuals
and to corporate and institutional clients. Services provided
by RBC Wealth Management consultants, advisors, private bankers
and trust officers include trust and estate planning, tax
advice, discretionary investment management and investment
advisory services, structured solutions, banking, lending
and global custody. RBC Wealth Management has more than $490
billion of assets under administration, nearly $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:
RBC Global Asset Management Communications,
RBC Media Relations, 416 974-2124