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 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 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 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.
|Fund Name||Management Fee (%)|
|Series A||Advisor||Series F||Series D|
|BlueBay Emerging Markets Corporate Bond Fund||1.70||1.70||0.95||1.10|
|RBC U.S. Mid-Cap Value Equity Fund||1.85||1.85||0.85||1.10|
|RBC U.S. Small-Cap Core Equity Fund||1.85||1.85||0.85||1.10|
The funds are also available to institutional investors through Series O.
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 (PH&N) 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, segregated 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.