RBC Global Asset Management Inc. Launches New
Low Volatility Equity Funds for Canadian Investors
TORONTO, November 19, 2012 - RBC Global Asset Management
Inc. today announced the launch of RBC QUBE Low Volatility
Canadian Equity Fund and RBC QUBE Low Volatility U.S. Equity
Fund. These funds are now available for purchase by individual
and institutional investors in Canada.
"In an increasingly complex investment environment,
we are pleased to offer a simple way for investors to reduce
risk in their equity portfolios," said Bill Tilford,
Head of Quantitative Investments at RBC Global Asset Management.
"These new funds use quantitative investing to offer
investors the upside potential of equities with less risk
and volatility than broad market indexes."
RBC QUBE Low Volatility Equity Funds are monitored daily
and adjusted to deal with changes to their risk and return
profiles. The new funds use a custom risk model that is designed
to more accurately measure and forecast risk.
The funds are appropriate for investors who have a long-term
investment horizon and who are able to tolerate a medium level
of investment risk. The low-volatility
strategies are suitable for investors who are seeking a defensive
core equity investment with the potential to earn equity-like
returns, but with less volatility than a traditional equity
portfolio.
The two 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.
| |
MANAGEMENT FEE (%)
|
|
FUND
|
SERIES A
|
ADVISOR
|
SERIES F
|
SERIES D
|
RBC QUBE Low Volatility
Canadian Equity Fund
|
1.75
|
1.75
|
0.75
|
1.00
|
RBC QUBE Low Volatility
U.S. Equity Fund |
1.75
|
1.75
|
0.75
|
1.00
|
The funds are also available to institutional investors through Series O.
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) 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 more than $265 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$562 billion of assets under administration, more
than C$324 billion of assets under management and approximately
4,300 financial consultants, advisors, private bankers and
trust officers.
- 30 -
For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498
|
