RBC Global Asset Management Inc. Launches Three
New Funds with the Global Institutional Capabilities of its
Group of Companies
TORONTO, January 30, 2012 — RBC Global Asset
Management Inc. has announced that, effective today, BlueBay
Emerging Markets Corporate Bond Fund, RBC U.S. Mid-Cap Value
Equity Fund and RBC U.S. Small-Cap Core Equity Fund, are available
for purchase by individual and institutional investors in
Canada. The emerging markets fund is sub-advised by BlueBay
Asset Management and the U.S. equity funds are sub-advised
by RBC Global Asset Management (U.S.).
"As part of our ongoing commitment to meeting the evolving
needs of our clients, we are pleased to offer the additional
choice of accessing the award-winning capabilities of BlueBay
Asset Management and RBC Global Asset Management (U.S.) through
these three new funds," said Doug Coulter, president
of RBC Global Asset Management Inc.
BlueBay Emerging Markets Corporate Bond Fund
BlueBay Emerging Markets Corporate Bond Fund invests primarily
in debt securities of corporations based in emerging market
countries. The fund is appropriate for investors seeking a
combination of income and capital growth potential while looking
to diversify the fixed income portion of their portfolios
through exposure to emerging market debt securities.
The Fund is sub-advised by BlueBay Asset Management. Acquired
by RBC in 2010, BlueBay is a UK-based leading specialist manager
of fixed income credit, offering long-only and alternative
products across the major sub-asset classes of emerging markets,
high yield, loans, convertibles and investment grade bonds.
RBC U.S. Mid-Cap Value Equity Fund
RBC U.S. Mid-Cap Value Equity Fund invests primarily in equity
securities of U.S. mid-cap companies that are deemed to be
undervalued in order to provide broad exposure to economic
growth opportunities in the equity markets. The fund is appropriate
for investors seeking exposure to growth opportunities in
the U.S. market, or who are looking for a value component
for the equity portion of their portfolios.
RBC U.S. Small-Cap Core Equity Fund
RBC U.S. Small-Cap Core Equity Fund invests primarily in equity
securities of U.S. small-cap companies in order to provide
broad exposure to economic growth opportunities in the equity
markets. The fund is appropriate for investors seeking exposure
to growth opportunities in the U.S. market, or who want to
diversify their portfolios by market capitalization.
The Funds are sub-advised by RBC Global Asset Management
(U.S.), a registered investment adviser headquartered in Minneapolis,
Minnesota, offering a range of investment specialties to institutional
investors through both separate accounts and RBC funds.
Investors should have a long-term investment horizon and
should be able to tolerate fluctuations in the value of their
investments for all three funds.
The three new funds are available to individual investors
through four low fee options: Series A, Advisor Series and
Series F (available via financial advisors), and Series D
(available via direct-to-client platforms, PH&N Investment
Services and RBC Direct Investing).
The management fee for each fund series is outlined in the
table below.
The funds are also available to institutional investors through
Series O.
About RBC Global Asset Management and
RBC Wealth Management
RBC Global Asset
Management (RBC GAM) is the asset management division
of Royal Bank of Canada (RBC), and includes institutional
money managers BlueBay Asset Management, Phillips, Hager &
North Investment Management and RBC Global Asset Management
(U.S.). RBC GAM is a provider of global investment management
services and solutions to individual, high-net-worth and institutional
investors through exchange-traded funds, hedge funds, mutual
funds, pooled funds, separate accounts and specialty investment
strategies. RBC GAM group of companies manage approximately
$250 billion in assets and have approximately 1,000 employees
located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC
Wealth Management which is one of the world's top 10 largest
wealth managers. RBC Wealth Management directly serves affluent,
high-net-worth and ultra high-net-worth clients in Canada,
the United States, Latin America, Europe, the Middle East,
Africa and Asia with a full suite of banking, 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, through its RBC Global Asset Management
business (which includes BlueBay Asset Management). RBC Wealth
Management has more than C$525 billion of assets under administration,
more than C$305 billion of assets under management and approximately
4,300 financial consultants, advisors, private bankers and
trust officers.
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For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498
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