TORONTO, April 28, 2014 — RBC Global Asset Management Inc. (RBC GAM) announced today the launch of RBC Global Equity Focus Fund, RBC International Equity Currency Neutral Fund and Series T5 units of BlueBay Global Convertible Bond Fund. The Funds are available to individual and institutional investors across Canada.
“Many investors are seeking ways to tap into global investment opportunities and we are pleased to offer Canadians new options to fill that need,” said Doug Coulter, president of RBC Global Asset Management. “These solutions are managed by experienced teams of global investment professionals and offer investors and advisors the opportunity for greater global diversification.”
RBC Global Equity Focus Fund
RBC Global Equity Focus Fund invests primarily in 30-70 high-quality companies from around the world. Stock selection is based on an understanding of the company, its business and outlook. The Fund is appropriate for investors seeking a combination of wealth generation and wealth preservation. Investors should have a long-term investment horizon and should be able to tolerate a medium level of risk.
RBC International Equity Currency Neutral Fund
RBC Global Asset Management is also pleased to announce the launch of RBC International Equity Currency Neutral Fund, a currency-hedged option of RBC International Equity Fund. The Fund is suitable for investors who are looking to diversify their equity portfolio outside of North America. Currency movements have a minimal effect on the Fund’s returns due to a passive currency hedging strategy. Investors should have a long-term investment horizon and should be able to tolerate a medium level of risk.
BlueBay Global Convertible Bond Fund - Series T5
Global convertible bonds are a fixed income solution that combine the security of bonds with the upside potential of equities. This Fund offers Canadians the potential for enhanced diversification and risk management in their portfolios through access to the global convertible bond markets.
Series T5 units, also available in corporate class, are structured to provide an annual payout in the form of tax-efficient monthly payments. These units are suited for investors and retirees who are looking to establish steady cash flow, while minimizing the tax impact of interest income.
More information on each of these Funds can be found in the links below.
Please read the prospectus or Fund Facts document 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), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies.
RBC GAM group of companies manage more than C$315 billion in assets and have approximately 1,200 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$675 billion of assets under administration, more than C$411 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.