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 O.
The management fee for the four series available to individual investors is outlined in the table below.
|RBC Emerging Markets Bond Fund||Management Fee|
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.
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. 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.