TORONTO, July 11, 2011 — RBC Global Asset Management (RBC GAM) announces the launch of BlueBay Global Monthly Income Bond Fund, sub-advised by BlueBay Asset Management. Effective today, the fund is available for purchase by individual and institutional investors in Canada.
"We are very pleased to be able to offer the internationally recognized expertise of BlueBay Asset Management to Canadian investors," said John Montalbano, CEO, RBC Global Asset Management. "Managed by senior portfolio managers Anthony Robertson, David Dowsett and Michael Reed, the fund draws on the depth and experience of BlueBay's specialist teams to provide a new way for Canadians to diversify income sources and access new investment opportunities, particularly in emerging markets."
Acquired by RBC in 2010, BlueBay Asset Management 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.
The BlueBay Global Monthly Income Bond Fund invests primarily in global high yield debt, emerging market government and corporate debt securities, as well as global convertible bonds. 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. Investors should have a long-term investment horizon and should be able to tolerate fluctuations in the value of their investments.
The BlueBay Global Monthly Income Bond Fund is available to individual investors through four low-cost fee options: Series A, Advisor Series, Series D (for clients who invest directly through PH&N Investment Services and RBC Direct Investing) and Series F (available through financial advisors). The fund is 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.
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) which includes institutional money managers Phillips, Hager & North Investment Management (PH&N), RBC Global Asset Management (U.S.) and BlueBay Asset Management. RBC GAM is a provider of global investment management services and solutions to individual, high net worth and institutional investors through mutual funds, pooled funds, hedge funds, segregated accounts and specialty investment strategies. RBC GAM group of companies manage more than $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 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 over $535 billion of assets under administration, over $300 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers.