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RBC Global Asset Management Brings Convertible
Bond Expertise of BlueBay Asset Management to Canadian Investors
TORONTO, November 26, 2012 —RBC Global Asset
Management Inc. announced today the launch of BlueBay Global
Convertible Bond Fund, sub-advised by BlueBay Asset Management
LLP, a specialist fixed income and alternative asset manager.
The fund is available to individual and institutional investors
across Canada.
"We have recently seen a lot of risk aversion in the
market due to ongoing volatility. As a result, we are pleased
to offer additional choice to investors seeking to combine
the security of bonds with the upside potential of equities,"
said Doug Coulter, president of RBC Global Asset Management
Inc. "Managed by Michael Reed, senior portfolio manager,
and Alessandro Esposito, portfolio manager, the new fund draws
on the depth of BlueBay's fixed income expertise. The fund
provides another way for Canadians to access the global convertible
bond markets and diversify their portfolios."
The BlueBay Global Convertible Bond Fund invests primarily
in global convertible bonds, which tend to have low correlations
to other bonds in a rising rate environment and offers less
volatility than equities. The fund is appropriate for investors
seeking a combination of current income and capital growth
potential and who want exposure to a portfolio of global convertible
bonds to diversify the fixed-income portion of their overall
portfolio. Investors should have a long-term investment horizon
and should be able to tolerate a medium level of investment
risk.
The new fund is available to individual investors through
six low-fee options: Series A; Advisor Series; Series H; Series
F and Series I (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
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SERIES H*
|
SERIES F
|
SERIES I*
|
SERIES D
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| BlueBay Global Convertible Bond Fund |
1.70
|
1.70
|
1.45
|
0.95
|
0.70
|
1.10
|
* Series H and Series I units are available for investors
with a minimum investment of $200,000.
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-US. 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 $260 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 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.
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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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