

     <!DOCTYPE html>
<html lang="en-CA">
<head>
    <script>
    /*async function loadOneTrustScript() {
      return new Promise((resolve, reject) => {
        const script = document.createElement("script");
        const env = window?.host_variable?.environment || "production";
        let scriptSrc = "https://cdn.cookielaw.org/consent/75c21a75-8c61-41b5-bbb4-220ec5be96cc/otSDKStub.js";
        if (env === "staging") {
          scriptSrc = "https://cdn.cookielaw.org/consent/75c21a75-8c61-41b5-bbb4-220ec5be96cc-test/otSDKStub.js";
        }
        script.src = scriptSrc;
        script.id = "onetrust-policy-sdk";
        script.type = "text/javascript";
        script.charset = "UTF-8";
        script.dataset.documentLanguage = "true";
        script.dataset.domainScript = scriptSrc.includes("-test")
          ? "75c21a75-8c61-41b5-bbb4-220ec5be96cc-test"
          : "75c21a75-8c61-41b5-bbb4-220ec5be96cc";
        script.onload = resolve;
        script.onerror = reject;
        document.head.appendChild(script);
      });
    }*/

    document.addEventListener("DOMContentLoaded", function() {
      const modalAlert = document.querySelector('[role="alertdialog"]');
      if (modalAlert) {
        modalAlert.setAttribute("role", "dialog");
      }
    });

    window.onload = async () => {
      try {
        //await loadOneTrustScript();
        console.log("OneTrust script loaded successfully.");
      } catch (error) {
        console.error("Failed to load OneTrust script", error);
      }
    };

    document.addEventListener('keydown', (event) => {
      if (event.key === 'Escape' || event.keyCode === 27) {
        const modal = document.getElementById('onetrust-pc-sdk');
        if (modal && window.getComputedStyle(modal).display !== 'none') {
          const closeButton = document.getElementById('close-pc-btn-handler');
          if (closeButton) {
            document.getElementById('openCookieSettings').focus();
            closeButton.click();
          }
        }
      }
    });

    function setInertOnBackground() {
    const ids = ["main", "globalNavRoot", "footers", "footerDisclaimerRoot"];
    ids.forEach(id => {
        const el = document.getElementById(id);
        if (el) {
        el.setAttribute("inert", "");
        }
    });
    }

    function removeInertFromBackground() {
    const ids = ["main", "globalNavRoot", "footers", "footerDisclaimerRoot"];
    ids.forEach(id => {
        const el = document.getElementById(id);
        if (el) {
        el.removeAttribute("inert");
        }
    });
    }

    document.addEventListener("click", function(event) {
    const closeBtn = event.target.closest("#close-pc-btn-handler");
    const openCookieSettingsBtn = event.target.closest("#openCookieSettings");
        if (closeBtn) {
            removeInertFromBackground();
            document.getElementById('openCookieSettings').focus();
        } 
        if (openCookieSettingsBtn) {
            setInertOnBackground();
        }
    });
  </script>

            <script src="https://cdn.cookielaw.org/consent/75c21a75-8c61-41b5-bbb4-220ec5be96cc/otSDKStub.js" id="onetrust-policy-sdk" type="text/javascript" charset="UTF-8" data-document-language="true" data-domain-script="75c21a75-8c61-41b5-bbb4-220ec5be96cc"></script>
        <script type="text/javascript">
        function OptanonWrapper() { }
    </script>
    <!-- https://www.rbcgam.com/en/en/ca/profile/sarah-riopelle/detail -->
<!-- first else -->
	
<script >
    //main-dataLayer
    window.dataLayer = window.dataLayer || [];

               let QueryParamsObj = {};
            for (let pair of new URLSearchParams(window.location.search)) {
                QueryParamsObj[pair[0]] = pair[1];
            }
                                                                       const requiredKeys = ['currency','date','region','sort','sortorder','strategy','tab','type'];

            requiredKeys.forEach(key => {
                if (!QueryParamsObj.hasOwnProperty(key)) {
                    QueryParamsObj[key] = undefined;
                }
            });

            
            window.dataLayer.push (Object.assign({
    'page_redirect': '',
    'page_country': 'ca',
    'page_region': 'na',
    'page_language': 'en',
    'page_channel': 'public',
    'page_category': 'Person',
    'page_subcategory': 'detail',
    'page_type': 'individualInvestor'
    }, QueryParamsObj))
            
                        
            // GOOGLE ANALYTICS 4
                    window.dataLayer.push({
            'page_country':'ca',
            'page_region':'na',
            'page_language':'en',
            'page_channel':'public',
                            'page_category': 'Person',
                'page_subcategory':'detail',
                        'page_breadcrumb':'Person/detail',
            'user_type':'individualInvestor',
            'page_LOB':'RBCGAM_3',
            'attribute_1':undefined ,
            'user_multiaccess':undefined ,
            'user_territory': ''? '': undefined,
            
                            'content_type': undefined,
                'content_name': undefined,
                        
                        
                                'content_author' : "RBC Portfolio Solutions Team",
                        
                                'publication':undefined,
                    'content_author':undefined,
                            
                'content_id':'b6cb6200-7b82-420f-a6c2-9f58c47a85c9',
                
                                        'content_date':undefined,
                            
                'GAM_AdvisorId':undefined,
                'GAM_AdvisorTerritory':undefined,
                'GAM_DealerCode':undefined,
                'GAM_RoleID': undefined,
            
                        ...QueryParamsObj})
</script>    
                
        
        <meta charset="utf-8"/>
        <meta http-equiv="X-UA-Compatible" content="IE=edge"/>
        <meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
        <meta name="viewport" content="width=device-width, initial-scale=1.0"/>
        <meta http-equiv="Content-Security-Policy"/>
        <meta http-equiv="Cache-Control" content="no-cache, no-store, must-revalidate"/>
        <meta http-equiv="Pragma" content="no-cache"/>
        <meta http-equiv="Expires" content="0"/>
        <!-- https://www.rbcgam.com/en/en/ca/profile/sarah-riopelle/detail -->
<!-- first else -->
	         <title>Sarah Riopelle CFA</title>
        <meta name="description" content="Managing Director, Senior Portfolio Manager & Global Chief of Staff, Investment Office"/>


        <meta property="og:type" content="website" />
<meta property="og:url" content="https://www.rbcgam.com/en/en/ca/profile/sarah-riopelle/detail" />
<meta property="og:title" content="Sarah Riopelle CFA"/>
<!-- for linkedin and twitter -->
<meta property="og:image" content="https://www.rbcgam.com/contentAsset/image/454343de-ddd4-4d41-9898-c02d6945aea1/fileAsset/filter/Resize/resize_w/180" />
<!-- for facebook -->
<meta property="og:image" content="https://www.rbcgam.com/contentAsset/image/454343de-ddd4-4d41-9898-c02d6945aea1/fileAsset/filter/Resize/resize_h/200" />
<meta property="og:description" content="Managing Director, Senior Portfolio Manager & Global Chief of Staff, Investment Office" />
<meta property="og:site_name" content="RBC Global Asset Management" />
                                                                                                                                                                         <link rel="preconnect" crossorigin="crossorigin" href="https://cdn.rbcgam.com">
        <link rel="preconnect" crossorigin="crossorigin" href="https://www.googletagmanager.com">
        <link rel="preconnect" crossorigin="crossorigin" href="https://www.google-analytics.com">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/roboto/roboto-v19-latin-regular.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/roboto/roboto-v19-latin-500.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/roboto/roboto-v19-latin-700.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/src/fonts/fa-regular-400.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/src/fonts/fa-solid-900.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/src/fonts/fa-brands-400.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/css/bootstrap-grid.min.css" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/css/roboto.min.css" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/dist/gam/gam.min.css" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/dist/wm/wm.min.js" as="script">
        <link rel="prefetch" href="https://cdn.rbcgam.com/dist/gam/charts/index.min.js" as="script">
        <link rel="preload" href="/application/themes/rbcgam/css/one-trust.css" as="style">
        <link rel="preload" href="/application/themes/rbcgam/css/main.css?v5" as="style">
        <link rel="preload" href="/application/themes/rbcgam/css/rbcgam-styles-enhancement.css" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/rbc-display/rbcdisplay-regular-webfont.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link href="https://cdn.rbcgam.com/assets/css/bootstrap-grid.min.css" rel="stylesheet">
        <link href="https://cdn.rbcgam.com/assets/css/roboto.min.css" rel="stylesheet">
        <link rel="stylesheet" href="https://cdn.rbcgam.com/dist/gam/gam.min.css">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/images/logos/rbc-gam-logo-en.svg" as="image">
        <link rel="stylesheet" href="/application/themes/rbcgam/css/main.css?v5">
        <link rel="stylesheet" href="/application/themes/rbcgam/css/one-trust.css">
        <link rel="stylesheet" href="/application/themes/rbcgam/css/rbcgam-styles-enhancement.css">

        
                                                                                                                                                  <link rel="preload" href="https://cdn.rbcgam.com/assets/js/vue.js" as="script">
                        <script src="https://cdn.rbcgam.com/assets/js/vue.js"></script>
                                                          <script src="https://cdn.rbcgam.com/dist/wm/wm.min.js"></script>
                                                <script>
                         
                var vueData = vueData || {};                 var vueComputed = vueComputed || {};                 var vueWatch = vueWatch || {};                 var vueMethods = vueMethods || {};                 var vueMounted = vueMounted || [];         </script>         
<!-- isForDiffSite: true -->

        
        <style>         
        
        #ot-sdk-btn.ot-sdk-show-settings, #ot-sdk-btn.optanon-show-settings {
            border: none !important; 
            padding: 0 !important;
            color: white !important;
            font-size: 0.875rem !important;
        }
        #ot-sdk-btn.ot-sdk-show-settings:hover, #ot-sdk-btn.optanon-show-settings:hover {
            background-color: transparent !important;
            border-bottom: 1px solid white !important;
        }
        
        .hero-content-aside {                 width: 100%;                 height: auto;         }         [v-cloak]{                 display: none;         }         </style> 
                                        
        <noscript>
                <style>
                        [v-cloak]{
                                display: block !important;
                        }
                        #raptorWrap {
                                display: none !important;
                                visibility: hidden !important;
                                height: 0px !important;
                                width: 0px !important;
                        }
                    
                </style>
        </noscript>
        <!-- R:  / upt = individualinvestor -->
        <!-- Google Tag Manager Data Layer -->
        
        
        <!-- Google Tag Manager version 4 -->
        <script>
            var dataLayer=window.dataLayer=window.dataLayer||[];dataLayer.push({"LOB":"RBCGAM_3"});
                (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});
                        var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-P5P6H55');
        </script>
        <!-- End Google Tag Manager -->
</head>


<!-- 1 Person $URLMapContent.fundCompany.selectValue $URLMapContent.fundCompany -->
<body>
<noscript>
        <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-P5P6H55" height="0" width="0" style="display:none;visibility:hidden"></iframe>
</noscript>
<!-- End Google Tag Manager (noscript) -->
<script>
        //frame busting - prevent clickjacking
        if (self == top) {
                document.getElementsByTagName('body')[0].style.display = "block";
        } else {
                top.location = self.location;
        }
</script>
<!-- Google Tag Manager (noscript) -->
        <div class="content-wrap">
        <div id="app">
                    

    <!-- Debug: Current persona is IndividualInvestor -->
<!-- Debug: Navigation root level is /ca/, languageId is 1 -->

<aside>
    <a class="skip-main" aria-label="Skip to cookie banner" href="#onetrust-policy-sdk">Skip to Cookie Banner</a>
    <a class="skip-main" aria-label="Skip to main content" href="#main">Skip to content</a>
    <a class="skip-main" aria-label="Skip to footer" href="#footers">Skip to footer</a>
</aside>

<div v-cloak>
    <rbc-mega-menu
        ref="megamenu"
        :active-menu="activeMenuItem"
        :contrast-toggle="false"
        :links="nav.links"
        :flag-text="nav.flagText"
        :active-language="nav.currentLanguage"
        :languages="nav.languages"
        :secondary-links="nav.secondaryLinks"
        search-text="Search"
        search-placeholder="Enter search term and press enter to see all results"
        :show-search-results="false"
        :user-greeting="nav.userGreeting"
        :user-greeting-link="nav.userGreetingLink"
        :user-links="nav.userLinks"
        logo="https://cdn.rbcgam.com/assets/images/logos/rbc-gam-logo-en.svg"
        logo-link="/en/ca/"
        data-location="Main navigation"
        @languageupdated="toggleLanguage"
        @searchtermchanged="megaSearch"
        @searchsidenavsubmitted="mobileSearch"
        @keyup="megaSearchKeyUp"
        @voiceclicked="searchToggled"
    >
                    <!-- Debug: Processing primaryLevel nav.products with href /ca/products -->
                                                <div slot="nav.products">
                        <div class="row">
                                                            <!-- Debug: Processing secondaryLevel nav.products.mutualfunds with href /ca/products/mutual-funds -->
                                                                                                        <div key="nav.products.mutualfunds" class="col-md-3">                                        <!-- Debug: Rendered from navigation.vtl for nav.products.mutualfunds -->
                                        <span class="mega-menu-content-header">                                            Mutual funds                                        </span>                                                                                                                            <!-- navsec: <a href='/ca/products/mutual-funds' title='nav.products.mutualfunds'>nav.products.mutualfunds</a> -->
                                            <ul class="mega-menu-content-items">                                                                                                    <!-- Debug: Processing thirdLevel Mutual funds list with href /ca/products/mutual-funds/index, type htmlpage for persona IndividualInvestor, itemCount: 1 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        <li key="Mutual funds list" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                style="font-weight: 500;"                                                                href="/en/ca/products/mutual-funds/index"
                                                                title="Mutual funds list">                                                                    Mutual funds list                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel nav.products.aboutmutualfunds with href /ca/products/mutual-funds/about, type folder for persona IndividualInvestor, itemCount: 2 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <li key="nav.products.aboutmutualfunds" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/products/mutual-funds/about/"
                                                                title="About RBC mutual funds">                                                                    About RBC mutual funds                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel RBC Fixed Income Pools with href /ca/products/mutual-funds/rbc-fixed-income-pools, type htmlpage for persona IndividualInvestor, itemCount: 3 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        <li key="RBC Fixed Income Pools" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/products/mutual-funds/rbc-fixed-income-pools"
                                                                title="RBC Fixed Income Pools">                                                                    RBC Fixed Income Pools                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel nav.products.rbcportfoliosolutions with href /ca/products/mutual-funds/rbc-portfolio-solutions, type folder for persona IndividualInvestor, itemCount: 4 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <li key="nav.products.rbcportfoliosolutions" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/products/mutual-funds/rbc-portfolio-solutions/"
                                                                title="RBC Portfolio Solutions">                                                                    RBC Portfolio Solutions                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel Investment recommendations with href /ca/products/mutual-funds/investment-recommendations, type htmlpage for persona IndividualInvestor, itemCount: 5 -->
                                                                                                                                                                                                                                                                                                    <!-- Debug: Skipped thirdLevel Investment recommendations due to restriction by                                      for persona IndividualInvestor -->
                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel RBC Investment Savings Account with href /ca/products/mutual-funds/rbc-investment-savings-account, type htmlpage for persona IndividualInvestor, itemCount: 6 -->
                                                                                                                                                                                                                                                                                                    <!-- Debug: Skipped thirdLevel RBC Investment Savings Account due to restriction by                                      for persona IndividualInvestor -->
                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel RBC Investment Advantage with href https://rbcpcb.seismic.com/x5/doccenter.aspx#/doccenter/2b6046c0-9617-4155-8cde-220c18bf158e/main/%252Fdd88863eb4-9454-4142-bdcb-2ffbaa38787d%252Fddfb1c85fc-df84-44ae-8a2b-f6dbf02df156%252Fdd87874b32-5f1b-46ed-88db-1d261b9c5130/grid/title, type htmlpage for persona IndividualInvestor, itemCount: 7 -->
                                                                                                                                                                                                                                                                                                    <!-- Debug: Skipped thirdLevel RBC Investment Advantage due to restriction by                                      for persona IndividualInvestor -->
                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel RBC Indigo Funds with href /ca/products/mutual-funds/rbc-indigo-funds, type htmlpage for persona IndividualInvestor, itemCount: 8 -->
                                                                                                                                                                                                                                                                                                    <!-- Debug: Skipped thirdLevel RBC Indigo Funds due to restriction by                                      for persona IndividualInvestor -->
                                                                                                                                                                                                        </ul>                                                                            </div>                                                                                            <!-- Debug: Processing secondaryLevel nav.products.etfs with href /ca/products/etfs -->
                                                                                                        <div key="nav.products.etfs" class="col-md-3">                                        <!-- Debug: Rendered from navigation.vtl for nav.products.etfs -->
                                        <span class="mega-menu-content-header">                                            ETFs                                        </span>                                                                                                                            <!-- navsec: <a href='/ca/products/etfs' title='nav.products.etfs'>nav.products.etfs</a> -->
                                            <ul class="mega-menu-content-items">                                                                                                    <!-- Debug: Processing thirdLevel ETFs list with href /ca/products/etfs/index, type htmlpage for persona IndividualInvestor, itemCount: 1 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        <li key="ETFs list" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                style="font-weight: 500;"                                                                href="/en/ca/products/etfs/index"
                                                                title="ETFs list">                                                                    ETFs list                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel About RBC ETFs and iShares ETFs with href /ca/products/etfs/rbc-ishares, type htmlpage for persona IndividualInvestor, itemCount: 2 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        <li key="About RBC ETFs and iShares ETFs" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/products/etfs/rbc-ishares"
                                                                title="About RBC ETFs and iShares ETFs">                                                                    About RBC ETFs and iShares ETFs                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel nav.products.etfinvestmentstrategies with href /ca/products/etfs/etf-investment-strategies, type folder for persona IndividualInvestor, itemCount: 3 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <li key="nav.products.etfinvestmentstrategies" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/products/etfs/etf-investment-strategies/"
                                                                title="ETF investment strategies">                                                                    ETF investment strategies                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                        </ul>                                                                            </div>                                                                                            <!-- Debug: Processing secondaryLevel nav.products.alternativeinvestments with href /ca/products/alternative-investments -->
                                                                                                        <div key="nav.products.alternativeinvestments" class="col-md-3">                                        <!-- Debug: Rendered from navigation.vtl for nav.products.alternativeinvestments -->
                                        <span class="mega-menu-content-header">                                            Alternative investments                                        </span>                                                                                                                            <!-- navsec: <a href='/ca/products/alternative-investments' title='nav.products.alternativeinvestments'>nav.products.alternativeinvestments</a> -->
                                            <ul class="mega-menu-content-items">                                                                                                    <!-- Debug: Processing thirdLevel Alternative investments list with href /ca/products/alternative-investments/index, type htmlpage for persona IndividualInvestor, itemCount: 1 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        <li key="Alternative investments list" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                style="font-weight: 500;"                                                                href="/en/ca/products/alternative-investments/index"
                                                                title="Alternative investments list">                                                                    Alternative investments list                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel nav.products.aboutalternativeinvestments with href /ca/products/alternative-investments/about, type folder for persona IndividualInvestor, itemCount: 2 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <li key="nav.products.aboutalternativeinvestments" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/products/alternative-investments/about/"
                                                                title="About RBC alternative investments">                                                                    About RBC alternative investments                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                        </ul>                                                                            </div>                                                                                            <!-- Debug: Processing secondaryLevel nav.products.separatelymanagedaccounts with href /ca/products/separately-managed-accounts -->
                                                                                                            <!-- Debug: nav.products.separatelymanagedaccounts displayed for persona IndividualInvestor at secondaryLevel -->
                                                                        <div key="nav.products.separatelymanagedaccounts" class="col-md-3">                                        <!-- Debug: Rendered from navigation.vtl for nav.products.separatelymanagedaccounts -->
                                        <span class="mega-menu-content-header">                                            Separately managed accounts                                        </span>                                                                                                                            <!-- navsec: <a href='/ca/products/separately-managed-accounts' title='nav.products.separatelymanagedaccounts'>nav.products.separatelymanagedaccounts</a> -->
                                            <ul class="mega-menu-content-items">                                                                                                    <!-- Debug: Processing thirdLevel Separately managed accounts list with href /ca/products/separately-managed-accounts/index, type htmlpage for persona IndividualInvestor, itemCount: 1 -->
                                                                                                            <!-- Debug: Skipped first thirdLevel Separately managed accounts list with style='font-weight: 500;' due to advisor-only restriction for persona IndividualInvestor -->
                                                                                                                                                        <!-- Debug: Processing thirdLevel nav.products.aboutseparatelymanagedaccounts with href /ca/products/separately-managed-accounts/about, type folder for persona IndividualInvestor, itemCount: 2 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <li key="nav.products.aboutseparatelymanagedaccounts" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/products/separately-managed-accounts/about/"
                                                                title="​About SMAs">                                                                    ​About SMAs                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                        </ul>                                                                            </div>                                                                                    </div>
                    </div>                                                <!-- Debug: Processing primaryLevel nav.insights with href /ca/insights -->
                                                            <!-- Debug: Processing primaryLevel nav.learnplan with href /ca/learn-plan -->
                                                <div slot="nav.learnplan">
                        <div class="row">
                                                            <!-- Debug: Processing secondaryLevel nav.learnplan.typesofinvestments with href /ca/learn-plan/types-of-investments -->
                                                                                                        <div key="nav.learnplan.typesofinvestments" class="col-md-3">                                        <!-- Debug: Rendered from navigation.vtl for nav.learnplan.typesofinvestments -->
                                        <span class="mega-menu-content-header">                                            Types of investments                                        </span>                                                                                                                            <!-- navsec: <a href='/ca/learn-plan/types-of-investments' title='nav.learnplan.typesofinvestments'>nav.learnplan.typesofinvestments</a> -->
                                            <ul class="mega-menu-content-items">                                                                                                    <!-- Debug: Processing thirdLevel nav.learnplan.whataremutualfunds with href /ca/learn-plan/types-of-investments/mutual-funds, type folder for persona IndividualInvestor, itemCount: 1 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <li key="nav.learnplan.whataremutualfunds" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/learn-plan/types-of-investments/mutual-funds/"
                                                                title="All about mutual funds">                                                                    All about mutual funds                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                                <!-- Debug: Processing thirdLevel nav.learnplan.whatareetfs with href /ca/learn-plan/types-of-investments/etfs, type folder for persona IndividualInvestor, itemCount: 2 -->
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            <li key="nav.learnplan.whatareetfs" class="mega-menu-content-item">                                                                <a class="mega-menu-content-link"
                                                                                                                                href="/en/ca/learn-plan/types-of-investments/etfs/"
                                                                title="ETF Learning Centre">                                                                    ETF Learning Centre                                                                                                                                    </a>                                                            </li>                                                                                                                                                                                                        </ul>                                                                            </div>                                                                                            <!-- Debug: Processing secondaryLevel Retirement resource centre with href /ca/learn-plan/retirement-resources -->
                                                                                                                                                                                                                                                                                                                                                                                <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'Retirement resource centre',
                                                        name: 'Retirement resource centre',
                                                        link: '/en/ca/learn-plan/retirement-resources',
                                                        title: 'Retirement resource centre',
                                                        summary: 'Your one-stop retirement resource centre. Learn about all phases of the retirement journey -- from starting early to living in retirement.',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                                    <!-- Debug: Processing secondaryLevel Investment basics with href /ca/learn-plan/investment-basics -->
                                                                                                                                                                                                                                                                                                                                                                                <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'Investment basics',
                                                        name: 'Investment basics',
                                                        link: '/en/ca/learn-plan/investment-basics',
                                                        title: 'Investment basics',
                                                        summary: 'Learn about the basic principles of investing to make smarter decisions about your money.',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                                    <!-- Debug: Processing secondaryLevel Investment strategies with href /ca/learn-plan/investment-strategies -->
                                                                                                                                                                                                                                                                                                                                                                                <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'Investment strategies',
                                                        name: 'Investment strategies',
                                                        link: '/en/ca/learn-plan/investment-strategies',
                                                        title: 'Investment strategies',
                                                        summary: 'Learn strategies to help you identify your goals and gain a deeper understanding of the investing world.',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                                    <!-- Debug: Processing secondaryLevel Learn & plan with href /ca/learn-plan/index -->
                                                                                    </div>
                    </div>                                                <!-- Debug: Processing primaryLevel nav.aboutus with href /ca/about-us -->
                                                <div slot="nav.aboutus">
                        <div class="row">
                                                            <!-- Debug: Processing secondaryLevel Our story with href /ca/about-us/our-story -->
                                                                                                                                                                                                                                                                                                                                                                                                    <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'Our story',
                                                        name: 'Our story',
                                                        link: '/en/ca/about-us/our-story',
                                                        title: 'Our story',
                                                        summary: '',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                                    <!-- Debug: Processing secondaryLevel Responsible investment with href /ca/about-us/ri -->
                                                                                                                                                                                                                                                                                                                                                                                                    <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'Responsible investment',
                                                        name: 'Responsible investment',
                                                        link: '/en/ca/about-us/ri',
                                                        title: 'Responsible investment',
                                                        summary: '',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                                    <!-- Debug: Processing secondaryLevel Our teams with href /ca/about-us/our-teams -->
                                                                                                                                                                                                                                                                                                                                                                                <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'Our teams',
                                                        name: 'Our teams',
                                                        link: '/en/ca/about-us/our-teams',
                                                        title: 'Our teams',
                                                        summary: '',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                                    <!-- Debug: Processing secondaryLevel RBC iShares alliance with href /ca/about-us/about-rbc-ishares -->
                                                                                                                                                                                                                                                                                                                                                                                <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'RBC iShares alliance',
                                                        name: 'RBC iShares alliance',
                                                        link: '/en/ca/about-us/about-rbc-ishares',
                                                        title: 'RBC iShares alliance',
                                                        summary: '',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                                    <!-- Debug: Processing secondaryLevel Leadership with href /ca/about-us/leadership -->
                                                                                                                                                                                                                                                                                                                                                                                <div class="col">                                                    <rbc-media-card
                                                        card
                                                        :articles="[{id: 'Leadership',
                                                        name: 'Leadership',
                                                        link: '/en/ca/about-us/leadership',
                                                        title: 'Leadership',
                                                        summary: '',
                                                        }]"
                                                        columns="1"
                                                        class="h-100"
                                                    ></rbc-media-card>                                                </div>                                                                                                                                                                                                            </div>
                    </div>                                                <!-- Debug: Processing primaryLevel nav.tools with href /ca/tools -->
                                                            <!-- Debug: Processing primaryLevel nav.advisorsupport with href /ca/advisor-support -->
                                                                    <div slot="search-results" data-location="Mega search">
                <table class="table table-border-horizontal mega-menu-search-results-item table-hover">
                    <tbody>
                        <tr v-for="(r, i) in searchResults" @click.prevent="megaSearchResultClick(r, $event)">
                            <td :class="{'b-blue-tint-5': i == searchResultsActive}" class="px-0"><rbc-tag class="mx-0 nowrap" size="small" v-text="(r.type == 'mf')? 'Mutual fund' : 'ETF'"></rbc-tag></td>
                            <td :class="{'b-blue-tint-5': i == searchResultsActive}"><a :href="(r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/'">{{r.fundCode}}</a></td>
                            <td :class="{'b-blue-tint-5': i == searchResultsActive}"><a :href="(r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/'">{{r.fundName}}</a></td>
                            <td :class="{'b-blue-tint-5': i == searchResultsActive}" v-html="r.series">{{r.series}}</td>
                            <td :class="{'b-blue-tint-5': i == searchResultsActive}" v-html="r.assetClass">{{r.assetClass}}</td>
                                                    </tr>
                    </tbody>
                </table>
                <ul class="list-links">
                    <li class="mega-menu-search-results-item">
                        <component :is="searchTerm != ''? 'a': 'span'" :href="searchAllLink" class="link-chev">See all results</component>
                    </li>
                    <li class="mega-menu-search-results-item">
                        <component :is="searchTerm != ''? 'a': 'span'" :href="searchProductLink" class="link-chev">See results in Products</component>
                    </li>
                    <li class="mega-menu-search-results-item">
                        <component :is="searchTerm != ''? 'a': 'span'" :href="searchInsightLink" class="link-chev">See results in Insights</component>
                    </li>
                </ul>
            </div>
            </rbc-mega-menu>
</div>
<div v-cloak>
    <rbc-modal
        :active="isharesModalIsActive"
        button-cancel="Close"
        button-size="medium"
        class="ishares"
        @toggle="isharesModalIsActive = false"
    >
        <div slot="header" class="w-100 d-flex justify-content-between">
            <img src="/_assets/images/logos/rbc-ishares-logo.svg" alt="RBC iShares" class="ishares-logo">
            <button aria-label="Close" class="modal-close" @click="isharesModalIsActive = false">
                <rbc-icon role="presentation" icon="times"/>
            </button>
        </div>
        <h2 class="h3">
            Welcome to the new RBC iShares digital experience.
        </h2>
        <p class="mt-1">
            Find all things ETFs here: <a href="/en/ca/products/etfs/etf-investment-strategies/">investment strategies</a>, <a href="/en/ca/products/etfs/">products</a>, <a href="/en/ca/insights/etf-insights">insights</a> and more.
        </p>
    </rbc-modal>
</div>                                    <!-- main container here -->
                                                                                                                                            
                                                                        <main id="main" v-cloak class="content-wrapper content-detail">
                                                                
<rbc-hero
	:breadcrumb="[{text: 'Profile'}, {text: 'Sarah Riopelle, CFA'}]"
	border
	avatar-image="/_assets/images/people/avatars/sarah-riopelle.jpg"
	avatar-size="xxlarge"
	subtitle="Managing Director, Senior Portfolio Manager & Global Chief of Staff, Investment Office"
	title="Sarah Riopelle, CFA"
	class="px-0"
></rbc-hero>
<rbc-block class="content-body section-block-sm-filler">
	<div class="row">
		<div class="col-lg-8">
			<article class="section-block">
				<p><span>Sarah is managing director, senior portfolio manager, and global chief of staff, Investment Office at RBC GAM Inc. In this role, she leads several of the important functions supporting investment teams and client success, working closely with the firm's chief investment officer to ensure that all aspects of the investment management business at RBC GAM are running smoothly. Sarah also manages the firm&rsquo;s entire suite of portfolio solutions and is a member of the RBC GAM Investment Policy Committee (responsible for the investment strategy and tactical asset allocation for RBC funds&rsquo; balanced products and portfolio solutions) and RBC GAM Investment Strategy Committee (sets global strategy for the firm). Prior to joining RBC GAM in 2003 as a senior analyst, she worked at RBC Dominion Securities in both the Quantitative Research and Investment Strategy groups. Sarah began her career in the investment industry in 1996.</span></p>

							<div class="mt-2">
					Joined RBC Global Asset Management: February 2003
				</div>
						</article>
			 
                                                                        
            			<hr>
			<article class="section-block">
				<header>
					<h2>Team</h2>
				</header>
				<div class="row px-1">
									<rbc-card class="col-lg-6 p-1 mr-1" flush hoverable>
						<rbc-caption 
													avatar-text=""
													avatar-size="medium"
							avatar-align="top"
							link="/en/ca/team/rbc-portfolio-solutions-team/detail"
						>
							<template slot="header">
								<span class="h5">RBC Portfolio Solutions Team</span>
							</template>
							<span class="h6 regular">A disciplined approach to asset allocation and comprehensive lineup of multi-asset portfolios</span><br>
						</rbc-caption>
										</rbc-card>
								</div>
			</article>
			

					<rbc-block
				title="Insights from Sarah"
				columns="12"
				divider
				data-location="Insights from Sarah"
				footer-cta-link="/en/ca/insights/archive?author=b6cb6200-7b82-420f-a6c2-9f58c47a85c9"
				footer-cta-text="View more insights from Sarah Riopelle, CFA"
				footer-cta-align="left"
				v-cloak
			>
				<rbc-media-card
					divider
					:articles="[																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/navigating-market-volatility-in-2026-strategies-for-long-term-resilience/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle reflects on 2025 and highlights investment themes for 2026. Themes include market resilience amid tariffs and geopolitical volatility, global equity outperformance, AI-driven growth tempered by valuation concerns, strategic currency hedging against a weak U.S. dollar, and the transient impact of geopolitical events on economic growth. She urges investors to adopt a disciplined long-term approach, leveraging market downturns as opportunities to build wealth through compounding.&amp;nbsp; [30 minutes, 38 seconds] (Recorded: January 7, 2026)&quot;,&quot;id&quot;:&quot;f01b3400432a9e5e692e6cd4373295a3&quot;,&quot;title&quot;:&quot;Navigating market volatility in 2026: strategies for long-term resilience&quot;,&quot;footerLink&quot;:false}
	,
																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/building-resilient-portfolios-for-long-term-results/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle discusses the current investment landscape, noting strong performance of both stocks and bonds, while cautioning about valuation risks in the U.S. and Canadian equity markets. Sarah also emphasizes the importance of making regular, small adjustments to portfolios, rather than large sweeping changes in response to a changing economic environment.&amp;nbsp; [26 minutes, 25 seconds] (Recorded: October 21, 2025)&quot;,&quot;id&quot;:&quot;2b09265e7d110f73720bac92398a006f&quot;,&quot;title&quot;:&quot;Building resilient portfolios for long-term results&quot;,&quot;footerLink&quot;:false}
	,
																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/turning-market-turbulence-into-opportunity/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle explains how market volatility can be an opportunity to buy assets at lower prices rather than a reason to panic. She highlights how she increased the equity positions in the portfolios she manages during the recent April downturn. Sarah also discusses her views on stocks and bonds and the importance of managing currency risks.&amp;nbsp; [22 minutes, 32 seconds] (Recorded: June 9, 2025)&quot;,&quot;id&quot;:&quot;504dfbd9dfab17e030df05174fb43fef&quot;,&quot;title&quot;:&quot;Turning market turbulence into opportunity&quot;,&quot;footerLink&quot;:false}
	,
																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/tactical-moves-and-equity-strategies-amid-market-uncertainty/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle discusses the recent tactical asset mix change in the portfolios she manages to take advantage of opportunities as the market shifts. Sarah also discusses how she is prepared to adjust her position as market conditions continue to evolve, and why a flexible approach to her investment strategy is essential.&amp;nbsp; [15 minutes, 31 seconds] (Recorded: March 17, 2025)&quot;,&quot;id&quot;:&quot;d6a35b87be64affe36da65554e22594f&quot;,&quot;title&quot;:&quot;Tactical moves and equity strategies amid market uncertainty&quot;,&quot;footerLink&quot;:false}
	,
																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/risk-vs-return-finding-a-balanced-investment-strategy-for-2025/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle discusses equity market performance and various risks so far this year, as well as recent developments in bond markets. Sarah also touches on the importance of active management within investment portfolios in navigating market conditions.&amp;nbsp; [29 minutes, 27 seconds] (Recorded: February 21, 2025)&quot;,&quot;id&quot;:&quot;fed052cbcc9953d9e70be351e0ba1309&quot;,&quot;title&quot;:&quot;Risk vs. return: Finding a balanced investment strategy for 2025&quot;,&quot;footerLink&quot;:false}
	,
																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/balancing-risk-and-reward-in-2025/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle reflects on key takeaways from 2024 and how a tactical approach to asset allocation is key in a market full of surprises. Sarah also discusses the potential risks to economic growth in 2025, including geopolitical tensions and policy changes and why she is maintaining a neutral asset mix to set up for the year ahead.&amp;nbsp; [26 minutes, 11 seconds] (Recorded: January 10, 2025)&quot;,&quot;id&quot;:&quot;ae6fc17f1b98c88e9e6f7e5e8cbd2105&quot;,&quot;title&quot;:&quot;Balancing risk and reward in 2025&quot;,&quot;footerLink&quot;:false}
	,
																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/staying-invested-a-strategy-for-all-eras/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle discusses why it&amp;rsquo;s important for investors to remain focused on the long term and stay invested through periods of short-term volatility. Sarah also discusses how she&amp;rsquo;s been tactically active in fixed income in recent months and why she is now neutrally positioning the portfolio&amp;rsquo;s she manages given her outlook for stocks and bonds.&amp;nbsp; [26 minutes, 6 seconds] (Recorded: November 13, 2024)&lt;br /&gt;&lt;br /&gt;\n&lt;div&gt;Unless specified, returns refer to RBC Select Very Conservative Portfolio, RBC Select Conservative Portfolio, RBC Select Balanced Portfolio, and RBC Canadian Bond Index ETF Fund as of October 31, 2024.&lt;\/div&gt;\n&lt;div&gt;Standard Performance data for Series A of RBC Select Very Conservative Portfolio is: 1yr: 13.8%; 3yr: 0.8%; 5yr: 2.6% and 10yr: 3.1%.&lt;\/div&gt;\n&lt;div&gt;Standard Performance data for Series A of RBC Select Conservative Portfolio is: 1yr: 17.1%; 3yr: 2.4%; 5yr: 4.3% and 10yr: 4.3%.&lt;\/div&gt;\n&lt;div&gt;Standard Performance data for Series A of RBC Select Balanced Portfolio is: 1yr: 21.6%; 3yr: 3.4%; 5yr: 6.0% and 10yr: 5.8%.&lt;\/div&gt;\n&lt;div&gt;Standard Performance data for Series A of RBC Canadian Bond Index ETF Fund is: 1yr: 10.7%; 3yr: -0.7%; 5yr: -0.2% and 10yr: 1.4%.&lt;\/div&gt;\n&lt;div&gt;&amp;nbsp;&lt;\/div&gt;\n&lt;div&gt;Please consult your advisor and 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. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. RBC Funds, BlueBay Funds and PH&amp;amp;N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers in Canada.&lt;\/div&gt;&quot;,&quot;id&quot;:&quot;23a75110e95bfc11a464943a2f5337d4&quot;,&quot;title&quot;:&quot;Staying invested: a strategy for all eras&quot;,&quot;footerLink&quot;:false}
	,
																	
{&quot;image&quot;:&quot;/contentAsset/image/2fca3451a59e4a332be184b30e05b4ad/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&quot;,&quot;link&quot;:&quot;/en/ca/insights/podcasts/a-balanced-approach-remains-compelling/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;Sarah Riopelle makes the case for the traditional 60/40 balanced portfolio and why this strategy provides investors with stability and return potential in a world full of evolving challenges and opportunities. Sarah also shares her near and long-term outlook for stocks and bonds and how she is positioning in response to the changing interest rate environment and rising geopolitical and macroeconomic risks.&amp;nbsp; [26 minutes, 18 seconds] (Recorded: August 22, 2024)&lt;br /&gt;&lt;br /&gt;Unless specified, returns refer to RBC Select Balanced Portfolio, Series A, as of July 31, 2024. Standard Performance date for Series A of RBC Select Balanced Portfolio for: 1yr-13.1%; 3yr-3.0%; 5yr-5.8% and 10yr-5.8%.&lt;br /&gt;&lt;br /&gt;Please consult your advisor and 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. The indicated rates of return are the historical annual compounded total returns for the periods indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. RBC Funds, BlueBay Funds and PH&amp;amp;N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers in Canada.&quot;,&quot;id&quot;:&quot;153ab1a28c5d561f638c92c7f4ba8a5c&quot;,&quot;title&quot;:&quot;A balanced approach remains compelling&quot;,&quot;footerLink&quot;:false}
	,
																	
       {&quot;summary&quot;:&quot;The case for a balanced strategy remains strong even in today's uncertain markets. Explore why.&quot;,&quot;image&quot;:&quot;/contentAsset/image/2a4e799678135c0d767c8200b5da6016/fileAsset/filter/Resize,Jpeg/resize_h/224/jpeg_q/85&quot;,&quot;footerByline&quot;:&quot;&nbsp;\u2022&nbsp;&nbsp;Aug. 16, 2024&quot;,&quot;link&quot;:&quot;/en/ca/article/a-new-era-for-balanced-investing/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;&lt;div class=\&quot;media-read\&quot;&gt;&lt;\/div&gt;&quot;,&quot;id&quot;:&quot;77bc853a0da853edd59c1e149c132de2&quot;,&quot;footerAuthors&quot;:[{&quot;name&quot;:&quot;G.Kandiah, CFA&quot;,&quot;image&quot;:&quot;/contentAsset/image/ddd95dcf-49b3-4019-80d8-5422589f4991/fileAsset/filter/Resize,Jpeg/resize_w/120/jpeg_q/85&quot;},{&quot;name&quot;:&quot;S.Riopelle, CFA&quot;,&quot;image&quot;:&quot;/contentAsset/image/454343de-ddd4-4d41-9898-c02d6945aea1/fileAsset/filter/Resize,Jpeg/resize_w/120/jpeg_q/85&quot;},{&quot;name&quot;:&quot;A.Warburton, CFA, MFin&quot;,&quot;image&quot;:&quot;/contentAsset/image/2b093578-81c2-4778-ae6b-53ad39c58db9/fileAsset/filter/Resize,Jpeg/resize_w/120/jpeg_q/85&quot;}],&quot;title&quot;:&quot;A new era for balanced investing&quot;,&quot;category&quot;:&quot;Current Perspectives&quot;,&quot;footerLink&quot;:false}
	,
																	
       {&quot;summary&quot;:&quot;Hot weekends in mid-July usually define slow news periods, even with a tight race for the U.S. presidency and the Republican convention beginning Monday, but Saturday&amp;rsquo;s assassination attempt on former President Donald Trump kicked the news cycle into overdrive.&quot;,&quot;image&quot;:&quot;/contentAsset/image/79f11168-4028-4d64-a9a5-58055b761892/fileAsset/filter/Resize,Jpeg/resize_w/224/jpeg_q/86&quot;,&quot;footerByline&quot;:&quot;&nbsp;\u2022&nbsp;&nbsp;Jul. 15, 2024&quot;,&quot;link&quot;:&quot;/en/ca/article/market-update-shocking-and-senseless-attack-but-history-indicates-limited-sustained-impact-on-stocks/detail&quot;,&quot;colored&quot;:null,&quot;html&quot;:&quot;&lt;div class=\&quot;media-read\&quot;&gt;&lt;\/div&gt;&quot;,&quot;id&quot;:&quot;531ba82077c65eafbcd9d82e4d9c34e2&quot;,&quot;footerAuthors&quot;:[{&quot;name&quot;:&quot;D.E. Chornous, CFA&quot;,&quot;image&quot;:&quot;/contentAsset/image/4f584f28-f7c7-425a-ab6e-8835c567d2de/fileAsset/filter/Resize,Jpeg/resize_w/120/jpeg_q/85&quot;},{&quot;name&quot;:&quot;S.Riopelle, CFA&quot;,&quot;image&quot;:&quot;/contentAsset/image/454343de-ddd4-4d41-9898-c02d6945aea1/fileAsset/filter/Resize,Jpeg/resize_w/120/jpeg_q/85&quot;},{&quot;name&quot;:&quot;E.Savoie, CFA, CMT&quot;,&quot;image&quot;:&quot;/contentAsset/image/ce5aab0b-2e3a-45c8-b32b-7c009aafba85/fileAsset/filter/Resize,Jpeg/resize_w/120/jpeg_q/85&quot;}],&quot;title&quot;:&quot;Market update - Shocking and senseless attack, but history indicates limited sustained impact on stocks&quot;,&quot;category&quot;:&quot;Current Perspectives&quot;,&quot;footerLink&quot;:false}
						]"					layout="stacked-horizontal"
									></rbc-media-card>
			</rbc-block>
				</div>
		<div class="col-lg-4 section-block-sm" data-location="Save this article sidebar">
					<div class="section-block-spacer" data-location="Share this article sidebar">
				<h4 class="h3 mb-half">
					Share this profile
				</h4>
		<a 
	v-for="media in Object.keys(socialSharingLink)" 
	v-if="socialSharingLink[media] && media != 'email' && media != 'twitter'"
	:href="socialSharingLink[media]" 
	class="link-icon mr-1"
	target="_blank"
>
	<rbc-icon 
    	type="solid"
    	size="lg"
    	:icon="(media == 'facebook')? 'facebook-f': (media == 'twitter')? 'twitter' : (media == 'linkedin')? 'linkedin-in' : (media == 'email')? 'envelope': ''"
	></rbc-icon>
</a>

<a 
	v-for="media in Object.keys(socialSharingLink)" 
	v-if="socialSharingLink[media] && media =='twitter'"
	:href="socialSharingLink['twitter']"
	class="link-icon mr-1"
	target="_blank"
>
	<div class="icon-wrapper fa-lg">
    		<svg class="icon x-twitter-icon" role="img" aria-label="twitter" xmlns="http://www.w3.org/2000/svg" height="16" width="16" viewBox="0 0 470 470">
    		    <path class="x-twitter-path" fill="#006ac3" d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"/>
            </svg>
    </div>
</a>

<a 
	v-for="media in Object.keys(socialSharingLink)" 
	v-if="socialSharingLink[media] && media =='email'"
	:href="socialSharingLink[media]" 
	class="link-icon mr-1"
	target="_blank"
>
    <rbc-icon 
    	type="solid"
    	size="lg"
    	icon="envelope"
    ></rbc-icon>
</a>			</div>
		</div>
	</div>
</rbc-block>

<rbc-block title="​Our executive team" grey> 
	<div class="row">
        				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/Damon-William-740x740.jpg"
								text="Damon Williams"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/damon-williams/detail"
			>
				Chief Executive Officer
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/Melanie-Adams-740x740.jpg"
								text="Melanie Adams"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/melanie-adams/detail"
			>
				Managing Director & Head, Responsible Investment
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/doug-coulter.jpg"
								text="Doug Coulter"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/doug-coulter/detail"
			>
				Managing Director, President and Head, Individual Investor Business<br>
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/mark-dowding.jpg"
								text="Mark Dowding"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/mark-dowding/detail"
			>
				Managing Director, Senior Portfolio Manager & Chief Investment Officer, BlueBay Fixed Income, RBC Global Asset Management (UK) Limited
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/Fieldhouse-Jayne-740x740.jpg"
								text="Jayne Fieldhouse"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/jayne-fieldhouse/detail"
			>
				Managing Director and Head of Global Institutional Marketing
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/fijalkowski_dagmara_256x256.jpg"
								text="Dagmara Fijalkowski"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/dagmara-fijalkowski/detail"
			>
				Managing Director, Senior Portfolio Manager & Head of Global Fixed Income & Currencies
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/Gerth-Erich-740x740.jpg"
								text="Erich Gerth"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/erich-gerth/detail"
			>
				Managing Director & Chief Executive Officer, RBC BlueBay Asset Management, RBC Global Asset Management (UK) Limited
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/Matthew-Graham-740x740.jpg"
								text="Matthew Graham"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/matthew-graham/detail"
			>
				Managing Director and Chief Operating Officer<br>
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/stu-kedwell.jpg"
								text="Stuart Kedwell"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/stuart-kedwell/detail"
			>
				Global Chief Investment Officer
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/alison-la-rocque-500x500.jpg"
								text="Alison LaRocque"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/alison-larocque/detail"
			>
				Managing Director, GAM Strategy
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/person/avatar/donald-sanya.jpg"
								text="Donald Sanya"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/donald-sanya/detail"
			>
				Managing Director & Chief Executive Officer, RBC Global Asset Management (U.S.) Inc.
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/people/avatars/Tennier-Craig-740x740.jpg"
								text="Craig Tennier"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/craig-tennier/detail"
			>
				Managing Director and Chief Financial Officer
			</rbc-caption>
		</div>
				<div class="col-md-4 section-block-spacer-sm">
			<rbc-caption 
								image="/_assets/images/person/avatar/erick-zanker.jpg"
								text="Erick Zanker"
				avatar-align="top"
				avatar-size="large"
				class="section-block-spacer-sm"
				link="/en/ca/profile/erick-zanker/detail"
			>
				Managing Director and Head of PH&N Institutional
			</rbc-caption>
		</div>
			</div>
</rbc-block>

<script type="application/javascript">
	document.addEventListener("DOMContentLoaded", function () {
		const hash = decodeURIComponent(window.location.hash.substring(1));

		if (hash) {
			document.querySelectorAll("[data-location]").forEach(section => {
				const formattedDataLocation = section.getAttribute("data-location")
						.toLowerCase()
						.replace(/\s+/g, "-");

				if (formattedDataLocation === hash) {
					section.setAttribute("id", hash);

					setTimeout(() => {
						window.scrollBy({ top: -40, left: 0, behavior: "instant" });
					}, 100);
				}
			});
		}

       const avatarImg = document.querySelector('.caption-avatar');
         console.log(avatarImg)

	});
</script>


                            </main>
                                                                                    <footer v-cloak id="footers" class="footer style-focus-inverted"><div class="footer-top" data-location="Footer menu"><div class="container"><div class="row"><h2 class="sr-only">Footer</h2>
<div class="col-lg-3 col-md-6"><h3 class="footer-header">Products
</h3><ul class="list-links footer-list"><li><a href="/en/ca/products/mutual-funds/" >Mutual funds</a></li><li><a href="/en/ca/products/etfs/index" >RBC ETFs and iShares ETFs</a></li><li><a href="/en/ca/products/alternative-investments/" >Alternative investments</a></li></ul></div><div class="col-lg-3 col-md-6"><h3 class="footer-header">Investor information
</h3><ul class="list-links footer-list"><li><a href="/en/ca/products/mutual-funds/?tab=documents&fundfacts=true" >Fund facts (mutual funds)</a></li><li><a href="/en/ca/products/etfs/index?tab=documents&fundfacts=true" >Fund facts (RBC iShares ETFs)</a></li><li><a href="/en/ca/products/pfic-reporting" >PFIC reporting</a></li><li><a href="/en/ca/products/financial-reports-prospectuses" >Regulatory documents</a></li><li><a href="/en/ca/products/fund-governance/" >Fund governance</a></li><li><a href="/en/ca/products/proxy-voting/" >Proxy voting</a></li><li><a href="/en/ca/products/unclaimed-property" >Unclaimed property</a></li><li><a href="/en/ca/products/important-investor-information" >Important investor information</a></li></ul></div><div class="col-lg-3 col-md-6"><h3 class="footer-header">About RBC GAM</h3><ul class="list-links footer-list"><li><a href="/en/global/corporate-story/" >Our story</a></li><li><a href="/en/ca/about-us/news-releases" >Media centre</a></li><li><a href="/en/ca/about-us/contact-us" >Contact us</a></li><li><a href="https://jobs.rbc.com/ca/en" target="_blank" class="link-ext">Careers</a></li></ul></div><div class="col-lg-3 col-md-6"><h3 class="footer-header">Investing
</h3><ul class="list-links footer-list"><li><a href="/en/ca/about-us/ready-to-invest" >Ready to invest?</a></li></ul></div>	</div></div></div><div class="footer-bottom" data-location="Footer copyright"><div class="container"><div class="row"><div class="col-lg-9 mb-lg-0 mb-1"><span class="d-block">
<sup>®</sup> / <sup>TM</sup> Trademark(s) of Royal Bank of Canada. Used under licence. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under licence. © 2026 RBC Global Asset Management Inc. and BlackRock Asset Management Canada Limited. All rights reserved.
</span>
<ul class="list-separator footer-list-separator mt-half">         <li>        <a href="https://www.rbc.com/privacysecurity/" target="_blank" class="link-ext">Privacy & security</a>    </li>              <li>        <a href="https://www.rbc.com/legal/" target="_blank" class="link-ext">Legal</a>    </li>              <li>        <a href="/en/ca/about-us/accessibility" >Accessibility</a>    </li>              <li>        <a href="/en/ca/terms-and-conditions" >Terms and conditions</a>    </li>                 <li>            <!-- OneTrust Cookies Settings button start -->
        <a aria-label="Advertising & Cookies" id="openCookieSettings" role="button" tabindex="0" onclick="openCookieSettings(event);">Advertising & Cookies</a>            <!-- OneTrust Cookies Settings button end --> 
        </li>              <li>        <a href="https://www.rbc.com/" target="_blank" class="link-ext">About RBC</a>    </li>     </ul></div><div class="col-lg-3 mt-lg-0 mt-2 d-flex align-items-center justify-content-end"><ul class="list-inline footer-social-list">
<li class="footer-social-item"><a  href="https://twitter.com/rbcgamnews"  target="_blank" class="footer-social-link"rel="noreferrer"aria-label="Twitter"
><svg role='img' class="icon x-twitter-icon" aria-label="twitter" xmlns="http://www.w3.org/2000/svg" height="18" width="18" viewBox="0 0 470 470">
    		    <path class="x-twitter-path" fill="#fff" d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"/>
            </svg></a></li>
<li class="footer-social-item"><a href="https://linkedin.com/company/rbc-global-asset-management" target="_blank" class="footer-social-link"rel="noreferrer"><rbc-icon icon="linkedin-in"></rbc-icon></a></li></ul><rbc-button outline
link="#"size="small" color="white">Back to top</rbc-button></div></div></div></div></footer><div v-if="raptors" v-cloak id="raptorWrap" style="z-index: 999999999" aria-hidden="true"> <div id="chompOverlay"></div><svg id="raptor" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 500 800"> <g id="tail" style="transform-origin: 190px 510px"> <path class="f-warm-red" d="M218.42 439.5s-90.22 28.15-132.08.65c-38.08-25.03-39.61-63.65-58.63-60.86S13.3 466.14 54.64 508.94s113.12 55.49 155.78 65.56z"/> <path class="f-dark-grey" d="M115.46 515.25l30.93 38.2-42.72-16.82 11.79-21.38zM82.09 497.83c.54 2.6 8.03 32.15 8.03 32.15l-23.49-15.41zM55.42 473.62l.2 27-17.81-20.64 17.61-6.36zM41.18 444.12l-7.1 24.46-10.07-29.01 17.17 4.55zM34.18 410.4L23.9 426.07l-1.72-21.28 11.99 5.63z"/> </g> <g id="legLeft" style="transform-origin: 265px 495px"> <path class="f-grey-light-tint-3" d="M326.13 667.83a10.88 10.88 0 0 1 9.45 4.7c2.26 3.28 6.81 9.97 15.84 9.97 20 0 27-5 42 3 14.32 7.64 14.26 29.46 10.02 43.58-3.26 10.88-9.88 15.06-12.75 16.4a5.76 5.76 0 0 1-2.44.55h-141.6a5.69 5.69 0 0 1-4.6-2.36c-1.89-2.59-3.63-11.17-3.63-24.17a358.12 358.12 0 0 1 2.28-41.94 7.26 7.26 0 0 1 6.88-6.27z"/> <path class="f-warm-red-dark-1" d="M243.28 750.5h150.28a2.24 2.24 0 0 0 1.88-2.47l.98-4.06a2.24 2.24 0 0 0-1.88-2.47H242.3a2.24 2.24 0 0 0-1.88 2.47l.98 4.06a2.24 2.24 0 0 0 1.88 2.47z"/> <rect class="f-warm-red-dark-1" x="332.44" y="674.92" width="13" height="25.38" rx="3.81" ry="3.81" transform="rotate(-152.95 338.94 687.6)"/> <rect class="f-warm-red-dark-1" x="353.26" y="679.49" width="13" height="24.93" rx="3.81" ry="3.81" transform="rotate(-176.16 359.76 691.96)"/> <path class="f-warm-red-dark-1" d="M330.75 623.9v49.43s-5.25 14.6-49.33 16.17c-28 1-36.77-12-36.77-12l-2.87-55z"/> <path class="f-grey-light-tint-3" d="M321.28 485.18l13.7 140.14s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l4.24-135.94z"/> <path class="f-warm-red-dark" d="M285.56 622.5c31.97 0 45.73-4.92 48.76-6.2l.66 9.02s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l.35-9.08c1.9 1.14 12.2 6.26 44.84 6.26z"/> </g> <g id="legRight" style="transform-origin: 265px 495px"> <path class="f-grey-light-tint-2" d="M255.13 682.83a10.88 10.88 0 0 1 9.45 4.7c2.26 3.28 6.81 9.97 15.84 9.97 20 0 27-5 42 3 14.32 7.64 14.26 29.46 10.02 43.58-3.26 10.88-9.88 15.06-12.75 16.4a5.76 5.76 0 0 1-2.44.55h-141.6a5.69 5.69 0 0 1-4.6-2.36c-1.89-2.59-3.63-11.17-3.63-24.17a358.12 358.12 0 0 1 2.28-41.94 7.26 7.26 0 0 1 6.88-6.27z"/> <path class="f-warm-red-dark" d="M172.28 765.5h150.28a2.24 2.24 0 0 0 1.88-2.47l.98-4.06a2.24 2.24 0 0 0-1.88-2.47H171.3a2.24 2.24 0 0 0-1.88 2.47l.98 4.06a2.24 2.24 0 0 0 1.88 2.47z"/> <rect class="f-warm-red-dark" x="261.44" y="689.92" width="13" height="25.38" rx="3.81" ry="3.81" transform="rotate(-152.95 267.94 702.6)"/> <rect class="f-warm-red-dark" x="282.26" y="694.49" width="13" height="24.93" rx="3.81" ry="3.81" transform="scale(-1) rotate(3.84 21111.35 -8622.34)"/> <path class="f-warm-red-dark" d="M259.75 638.9v49.43s-5.25 14.6-49.33 16.17c-28 1-36.77-12-36.77-12l-2.87-55z"/> <path class="f-grey-light-tint-2" d="M250.28 500.18l13.7 140.14s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l4.24-135.94z"/> <path class="f-warm-red-tint-1" d="M177.42 642.5h51l-5-146h-43l-3 146z"/> <path class="f-warm-red" d="M214.56 637.5c31.97 0 45.73-4.92 48.76-6.2l.66 9.02s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l.35-9.08c1.9 1.14 12.2 6.26 44.84 6.26z"/> <circle class="f-grey-light-tint-2" cx="202.92" cy="613" r="17.5"/> </g> <g id="jersey"> <path class="f-grey-light-tint-2" d="M338.07 510.97s-28.15 15.64-71.48 17.69c-54.65 2.58-102.26-13.49-102.26-13.49s-5.37-151.01 7.21-173.67c13.88-25 23.57-35 61.88-35 35.42 0 80.33 43.1 80.33 43.1s12.53-3.68 16.21 50.11c3.58 52.32 8.1 111.26 8.1 111.26z"/> <path class="s-dark-grey" d="M338.07 504.34s-28.15 15.64-71.48 17.69c-54.65 2.58-102.26-13.49-102.26-13.49"/> <path class="s-dark-grey" d="M338.07 496.97s-28.15 15.64-71.48 17.69c-54.65 2.58-102.26-13.49-102.26-13.49"/> <path class="f-warm-red-tint-1" d="M189.42 501.74V382a29.5 29.5 0 0 1 59 0v126.87a318.99 318.99 0 0 1-59-7.13z"/> </g> <path id="neck" class="f-warm-red-dark-1" d="M314.49 308.34c.62 1.24 2.55 40.04.59 50.63a2.42 2.42 0 0 1-3.46 1.73c-12.63-6.29-41.34-28.78-89.97-38.36-22.45-4.42-25.8-7.37-25.8-14.73s-10.31-36.11-10.31-36.11z"/> <g id="head" style="transform-origin: 270px 300px"> <g id="headBottom" style="transform-origin: 175px 230px"> <path class="f-grey-light-tint-3" d="M440.92 279s2-11-2-20-7-12-10-12-5 7-7 13c-2.02 6.07-7 15-7 15zM467.08 283s1.36-11-1.36-20-4.75-12-6.79-12-3.4 7-4.75 13a143.74 143.74 0 0 1-4.76 15zM478.25 281a112.54 112.54 0 0 0-.68-20c-1.36-9-2.38-12-3.4-12s-1.7 7-2.37 13c-.69 6.07-2.38 15-2.38 15zM404.3 273.04s6.76-8.9 7.27-18.74-.81-13.87-3.49-15.23-7.62 3.98-12.12 8.43c-4.56 4.5-13.04 10.2-13.04 10.2zM374.89 254.9s5.26-9.93 3.37-19.85-4.34-13.75-7.64-14.7-7.44 5.12-11.3 10.25c-3.93 5.18-11.88 12.17-11.88 12.17zM331.91 238.52s2.3-8.95-2.26-16.27-8-9.78-11.43-9.78-5.73 5.69-8.02 10.56c-2.32 4.94-8.02 12.2-8.02 12.2z"/> <path class="f-warm-red-dark" d="M117.47 223.6s-1.3 36.4 22.5 61.4 83.83 28 110.5 30 90.5 18 111.45 27 49.54 5 69.54-6 42.24-31.68 46.68-37c6.66-8 4.76-25 0-26s-28.58 0-49.54-4-34.52-21.07-58.1-28c-23.82-7-36.06-13.8-70.5-10-18.1 2-57.15-12-92.4-30z"/> </g> <g id="headTop" style="transform-origin: 175px 230px"> <path class="f-warm-red-dark" d="M450.92 95s-2-14-15-17-33.34-2-46.67 8.5l37.67 2.5z"/> <path class="f-grey-light-tint-3" d="M410.38 157.85s5.29 9.85 4.25 19.65-2.97 13.57-5.82 14.5-6.91-5.13-10.66-10.22c-3.8-5.16-11.28-12.12-11.28-12.12zM438.12 147.04s4.92 9.13 3.92 18.23-2.82 12.62-5.5 13.48-6.46-4.73-9.96-9.45c-3.54-4.78-10.53-11.22-10.53-11.22zM458.17 134.45s5.98 7.17 7.4 15.12.86 11.22-.99 12.33-6.1-3.19-9.92-6.77a103.72 103.72 0 0 0-10.78-8.2zM469.32 130.36s5.4 7.52 7.97 14.78 2.88 10 1.9 10.6-4.65-4.06-7.9-7.98c-3.28-3.97-8.76-9.41-8.76-9.41zM378.63 172.06s5.8 7.86 5.41 16.63-2.03 12.39-4.76 13.64-7.07-3.45-11.06-7.36c-4.04-3.95-11.78-8.93-11.78-8.93zM348.23 189.56s5.24 6.65 4.4 14.44-2.62 11.08-5.35 12.33-6.72-2.69-10.41-5.94c-3.73-3.3-11.04-7.3-11.04-7.3z"/> <path class="f-warm-red" d="M180.94 111c-5.72 11-27.63 16-36.2 27s-31.44 58-26.67 93 100.02-3 120.02-4 80.02-12 93.35-20 103.92-49.71 119.07-57c22.86-11 33.34-19 19.05-44-13.2-23.09-34.29-19-42.86-22s-20-2-26.67 0-48.58 13-61.92 12-16.2 2-29.53-5-41.91-11-64.77-7-55.5 12.82-62.87 27z"/> <path class="f-warm-red-dark" d="M426.92 112c-7 6-12.04 11-23 10-8.27-.75-23.33-6.03-30.3-8.6a.57.57 0 0 0-.53 1c5.91 4.36 18.84 13.35 27.83 15.6 10.85 2.71 19.48 3.52 27-4 5-5 5.12-19.25-1-14z"/> <path class="f-dark-grey" d="M339.42 95.5c1.42 2.83-24 18-30 18-5.06 0-7.99-9.97-11.78-14.88a1.73 1.73 0 0 1 1.08-2.74c4.88-.88 14.04-2.38 19.7-2.38 8 0 20 0 21 2z"/> <g> <path class="f-warm-red-dark" d="M268.5 135.67a14 14 0 0 0-.15-14.2c-4.45-7.6-23.09-12.86-37.28-11.61-10.94.96-27.22 9.04-34.73 21.14-4.65 7.48-8.57 15.39-9.6 20.86-1.02 5.37 10.92-.12 15.28-1.26 4.23-1.1 66.49-14.93 66.49-14.93z"/> <path class="f-white" d="M269.77 139.26c3.2-6.56-13.47-20.25-27.94-23.7s-30.03 5.14-37.15 14.82-7.03 20.27-4.53 25.26c1.8 3.58 15.59-4.98 33.61-7.58s34.83-6.38 36-8.8z"/> <path class="f-dark-grey" d="M223.39 138.9a6.62 6.62 0 1 0-.15-13.25 6.79 6.79 0 0 0-4.46 1.73 46.31 46.31 0 0 1 1.58-9.27c6.62-2.96 14.18-4.28 21.47-2.54.7.16 1.42.36 2.14.58-2.15 2.92-5.89 7.33-5.82 13.7.05 4.33 1.65 12.3 2.71 17.12-2.32.38-4.7.75-7.1 1.1-.77.1-1.54.23-2.3.36a20.56 20.56 0 0 1-10.84-10.09 6.82 6.82 0 0 0 2.77.56z"/> <path class="f-warm-red-tint-1" d="M216.82 102.05s23.65-7.81 46.7 3.42a.55.55 0 0 1-.35 1.03c-8.7-1.9-29.45-5.38-45.1.34-13.46 4.91-23.19 14.53-28.22 20.47a.54.54 0 0 1-.88-.64c4.46-7.53 13.83-20.33 27.85-24.62z"/> <ellipse class="f-white-30" cx="230.35" cy="137.1" rx="4.77" ry="6.88"/> </g> </g> </g> <g id="armRight" style="transform-origin: 200px 375px"> <path class="f-warm-red" d="M209.86 341.5c-49.37 0-34.55 48.72-32.43 76.63 1.29 16.9 4.55 40.78 7.37 63.37s-8.5 37.51-5.9 51.58c3.7 19.9 23.28 25.79 33.17 25.79 16.94 0 38.28-9.31 39.79-21.37 1.47-11.79-5.16-28.74-1.48-32.42 4.48-4.48 16.18-2.06 15.48-15.47-.7-13.38-16.95-16.95-31.69-14 0 0-2.76-37.22 1.48-62.64 2.82-16.94 18.42-71.47-25.8-71.47z"/> <path class="s-warm-red-dark" d="M228.5 556.04c-.23-2.3 7.15-9.64 0-28.46M202.24 557.1s-5.23-18.66.05-30.65"/> </g> </svg><svg id="ball" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 130 130"> <circle class="f-dark-grey" cy="65" cx="65" r="63"/> <path class="ball" d="M9.93 30.52a63.16 63.16 0 0 1 16.76-3.68c21.39-1.95 35.56-3.72 42.12-5.26a28.96 28.96 0 0 0 14.7-8.08A51.94 51.94 0 0 0 49.6 1.86 65.2 65.2 0 0 0 9.92 30.52zM99.96 27.24a129.3 129.3 0 0 1 14.27-4.6A65.34 65.34 0 0 0 92.23 6a39.83 39.83 0 0 1-4.45 7.21 73.52 73.52 0 0 1 12.18 14.03z"/> <path class="ball" d="M9.11 98.14c3.28-7.7 11.6-21.88 31.94-37C68.9 40.43 87.63 32.36 97.09 28.42a71.08 71.08 0 0 0-11.26-12.95 31.81 31.81 0 0 1-16.33 9.05c-6.8 1.6-20.7 3.34-42.53 5.33A55.6 55.6 0 0 0 7.4 34.94a64.8 64.8 0 0 0 1.71 63.2zM101.65 29.82a119.24 119.24 0 0 1 8 14.7c7.63-1.79 14.03 1.34 18.42 4.79a64.79 64.79 0 0 0-11.72-24.1 133.8 133.8 0 0 0-14.7 4.6zM62.32.07a56.01 56.01 0 0 1 23.12 11.18 36.58 36.58 0 0 0 4.02-6.46A64.63 64.63 0 0 0 65 0c-.9 0-1.79.03-2.68.07zM116.42 104.7a64.69 64.69 0 0 0 12.66-50.53c-3.54-3.63-10.01-8.49-18.2-6.83a95.04 95.04 0 0 1 7.64 43.6 83.7 83.7 0 0 1-2.1 13.76z"/> <path class="ball" d="M107.96 48.2c-8.67 3.52-18.34 22.29-26.88 38.88-5.67 11.02-11.03 21.44-16.04 27.62a385.4 385.4 0 0 1-12.2 14.14 64.77 64.77 0 0 0 58.83-18.67 77.6 77.6 0 0 0 3.85-19.6c.72-10.5-.34-25.34-7.56-42.36z"/> <path class="ball" d="M78.4 85.7c9.17-17.83 18.65-36.24 28.34-40.26a116.62 116.62 0 0 0-7.94-14.46c-9.16 3.8-27.84 11.68-55.95 32.59-21.66 16.1-29.28 31.28-31.72 37.76a65.2 65.2 0 0 0 38.31 26.77 399.6 399.6 0 0 0 13.25-15.3c4.81-5.94 10.1-16.22 15.7-27.1z"/> </svg><svg id="net" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 246 225"> <path class="net-string" d="M138.22 54.74l-.13.15h.31l-.18-.15z"/> <path class="net-string" d="M148.29 213.56l17.64-21.93 28.98 32.42-.4-8.34c-.03-.49-2.37-48.8-2.37-79.15 0-32.4.92-57.67 12.81-87.68C216.82 18.93 238.78 7.95 239 7.85l-2.6-5.32c-.88.43-19.71 9.86-32.75 34.97l-34.03 39.1-20.49-25.47 8.05-44.83-5.82-1.04-8.13 45.28-21.9 22.94-21.9-22.94-8.12-45.28-5.83 1.04 8.05 44.83-20.5 25.47-34.02-39.1C25.97 12.4 7.14 2.96 6.25 2.53L3.66 7.85c.22.1 22.18 11.08 34.05 41.03 11.9 30.01 12.81 55.27 12.81 87.68 0 30.34-2.34 78.66-2.36 79.15l-.41 8.34 28.98-32.42 19.36 24.22 2.16-1.53 23.08-24.72 23.08 24.72 1.38 1.53zM185.9 106.3l-18.8 21.35-16.93-19.69 19.26-22.13zm.43 43.73L171 132.17l15.51-17.61a834.21 834.21 0 0 0-.17 35.46zm-81.82 10.52l16.81-18.82 16.81 18.82-16.81 19.1zm37.84-52.61l-21.03 24.16-21.03-24.16 21.03-24.46zm-24.67 28.99l-17.11 19.14-21.08-23.93 16.9-19.66zm7.28 0l21.29-24.45 16.9 19.66-21.08 23.93zm20.82-80.5l19.88 24.72-19.39 22.28-21.49-25zm-48.92 0l21 22-21.5 25L77 81.14zm-23.65 29.4l19.26 22.13-16.93 19.7-18.8-21.36zm-17.07 28.74l15.5 17.61-15.33 17.85a834.22 834.22 0 0 0-.17-35.46zm-10-59.83l23.12 26.56-14.04 17.45a179.22 179.22 0 0 0-9.07-44.01zm8.3 152.95c.41-9.4 1.07-25.52 1.52-41.87l17 21.14zm2.82-49.69l18.34-21.33 21 23.85-19.64 21.97zm39.56 49.18l-16.1-20.01 19.81-22.18 17.32 19.67zm49 0l-21.03-22.52 17.32-19.67 19.81 22.18zm19.86-24.69l-19.63-21.97 21-23.85 18.33 21.33zm4 4.47l17-21.14c.45 16.35 1.11 32.47 1.52 41.87zm17.74-88.21l-14.04-17.45 23.11-26.56a179.22 179.22 0 0 0-9.07 44z"/> <path class="net-string" d="M104.44 54.74l-.18.15h.3l-.12-.15z"/> <rect class="net-rim" y=".95" width="246" height="16" rx="8" ry="8"/> </svg></div>        </div>
    </div>

<script type="application/javascript">
    vueMounted.push(function (_self) {
        // console.log('BREADCRUMB', _self.breadcrumb.map(item => item.text).join('/'));
        for (item of _self.$children) {
            if (item._props !== undefined && item._props.breadcrumb) {
                // console.log('ITEM:', item._props.breadcrumb.map(item => item.text).join('/'));
                for(let i = 0; i <= window.dataLayer.length; i++) {
                    if (window.dataLayer[i] !== undefined && window.dataLayer[i].hasOwnProperty('page_breadcrumb')) {
                        window.dataLayer[i].page_breadcrumb = item._props.breadcrumb.map(item => item.text).join('/');
                    }
                }    
            }
            
        }
        
        
        // PASTE DELETED CODE HERE  
        
    });
    
    
    window.addEventListener('load', function() {
        for(let i = 0; i <= window.dataLayer.length; i++) {
            if (window.dataLayer[i] !== undefined && window.dataLayer[i].hasOwnProperty('page_breadcrumb')) {
                const url = new URL(window.location.href);
                const params = new URLSearchParams(url.search);
                    
                if (url.search.includes('tab')
                    || url.search.includes('series')
                    || url.search.includes('type')
                    || url.search.includes('currency')
                    || url.search.includes('region')
                    || url.search.includes('sortorder')
                    || url.search.includes('sort')
                    || url.search.includes('strategy')
                    || url.search.includes('date')
                    ) 
                {
                    window.dataLayer[i].series = params.get('series') ? params.get('series') : undefined;
                    window.dataLayer[i].type = params.get('type') ? params.get('type') : undefined;
                    window.dataLayer[i].currency = params.get('currency') ? params.get('currency') : undefined;
                    window.dataLayer[i].region = params.get('region') ? params.get('region') : undefined;
                    window.dataLayer[i].sortorder = params.get('sortorder') ? params.get('sortorder') : undefined;
                    window.dataLayer[i].sort = params.get('sort') ? params.get('sort') : undefined;
                    window.dataLayer[i].strategy = params.get('strategy') ? params.get('strategy') : undefined;
                    window.dataLayer[i].date = params.get('date') ? params.get('date') : undefined;
                    window.dataLayer[i].tab = params.get('tab') ? params.get('tab') : undefined;
                }
            }
        }
    })
    
    
</script>

<script>
vueData.raptors = false;
vueData.themeVersion = "wm2"
vueMethods.updateURL = function(paramName, paramValue, regexToExecute){ var re = new RegExp(regexToExecute,"g"); var currentQueryString = window.location.search; var newQueryString = currentQueryString.replace(re, ""); if(paramName != ""){ if(Array.isArray(paramName)){ newQueryString = (newQueryString == "")? "?" : "?" + newQueryString; newQueryString = newQueryString.replace("??", "?"); paramName.forEach(function(el, i){ newQueryString += "&" + el + "=" + paramValue[i];	 }); newQueryString = newQueryString.replace("?&", "?"); } else { newQueryString = (newQueryString == "")? "?" :  "?" + newQueryString + "&"; newQueryString = newQueryString.replace("??", "?").replace("?&", "?"); newQueryString += paramName + "=" + paramValue; } } var currentBaseUrl = (window.location.href.split("?").length > 0)? window.location.href.split("?")[0] : window.location.href; var updatedUrl = currentBaseUrl + newQueryString; window.history.replaceState({}, document.title, updatedUrl); }; </script>
<script>
vueData.server = "production";function setLocalStorage(name, value, exdays) {var d = new Date();d.setTime(d.getTime() + (exdays*24*60*60*1000));var expires = d.toUTCString();if(typeof window.localStorage != 'undefined'){
localStorage.setItem(name, value);localStorage.setItem(name + '-expiration', expires);}
}function getLocalStorage(name) {var d = Date.now();if(typeof window.localStorage != 'undefined' && Date.parse(window.localStorage.getItem(name + '-expiration')) > d){return localStorage.getItem(name);}else {return "";}}function deleteLocalStorage(name) {if(typeof window.localStorage != 'undefined'){
localStorage.removeItem(name);localStorage.removeItem(name+'-expiration');}
}/* Social media region */vueData.socialSharing = {"facebook": {"title":"","u": location.href,"description": ""},"linkedin": {"title": "","url": location.href,"summary": ""},"twitter": {"text": " - ","url": location.href},"email": {"subject": "","body": " - " + location.href},};vueComputed.searchAllLink = function(){  	return '/en/ca/search-results/?q=' + encodeURIComponent(this.searchTerm); }; vueComputed.searchProductLink = function(){ 	return '/en/ca/search-results/?productsOnly=true&q=' + encodeURIComponent(this.searchTerm); }; vueComputed.searchInsightLink = function(){ 	return '/en/ca/search-results/?insightsOnly=true&q=' + encodeURIComponent(this.searchTerm); }; vueComputed.isMobile = function() {var check = false;(function(a){if(/(android|bb\d+|meego).+mobile|avantgo|bada\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\.(browser|link)|vodafone|wap|windows ce|xda|xiino/i.test(a)||/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\-(n|u)|c55\/|capi|ccwa|cdm\-|cell|chtm|cldc|cmd\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\-s|devi|dica|dmob|do(c|p)o|ds(12|\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\-|_)|g1 u|g560|gene|gf\-5|g\-mo|go(\.w|od)|gr(ad|un)|haie|hcit|hd\-(m|p|t)|hei\-|hi(pt|ta)|hp( i|ip)|hs\-c|ht(c(\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\-(20|go|ma)|i230|iac( |\-|\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\/)|klon|kpt |kwc\-|kyo(c|k)|le(no|xi)|lg( g|\/(k|l|u)|50|54|\-[a-w])|libw|lynx|m1\-w|m3ga|m50\/|ma(te|ui|xo)|mc(01|21|ca)|m\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\-2|po(ck|rt|se)|prox|psio|pt\-g|qa\-a|qc(07|12|21|32|60|\-[2-7]|i\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\-|oo|p\-)|sdk\/|se(c(\-|0|1)|47|mc|nd|ri)|sgh\-|shar|sie(\-|m)|sk\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\-|v\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\-|tdg\-|tel(i|m)|tim\-|t\-mo|to(pl|sh)|ts(70|m\-|m3|m5)|tx\-9|up(\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\-|your|zeto|zte\-/i.test(a.substr(0,4))) check = true;})(navigator.userAgent||navigator.vendor||window.opera);return check;};vueComputed.socialSharingLink = function() {var _self = this;var facebookLink = "https://www.facebook.com/sharer.php?";var linkedinLink = "https://www.linkedin.com/shareArticle/?mini=true&";var twitterLink = "https://twitter.com/intent/tweet?";var emailLink = "mailto:?";var facebookFilled = false;var linkedinFilled = false;var twitterFilled = false;var emailFilled = false;Object.keys(_self.socialSharing.facebook).forEach(function(k){if(_self.socialSharing.facebook[k] != ""){if(facebookFilled) facebookLink += "&";facebookFilled = true;facebookLink += k + "=" + _self.socialSharing.facebook[k];}});Object.keys(_self.socialSharing.linkedin).forEach(function(k){if(_self.socialSharing.linkedin[k] != ""){if(linkedinFilled) linkedinLink += "&";linkedinFilled = true;linkedinLink += k + "=" + _self.socialSharing.linkedin[k];}});Object.keys(_self.socialSharing.twitter).forEach(function(k){if(_self.socialSharing.twitter[k] != ""){if(twitterFilled) twitterLink += "&";twitterFilled = true;twitterLink += k + "=" + _self.socialSharing.twitter[k];}});Object.keys(_self.socialSharing.email).forEach(function(k){if(_self.socialSharing.email[k] != ""){if(emailFilled) emailLink += "&";emailFilled = true;emailLink += k + "=" + _self.socialSharing.email[k];}});return {"facebook": facebookFilled && facebookLink,"linkedin": linkedinFilled && linkedinLink,"twitter": twitterFilled && twitterLink,"email": emailFilled && emailLink}};/* End Social media region */vueData.locationAlertClosed = getLocalStorage("locationAlert") ? true : false ;vueMethods.closeLocationAlert = function(e){this.locationAlertClosed = true;setLocalStorage("locationAlert", false, 365);dataLayer.push({ 'event' :  'rbcwmEvent', 'data-analytics' :  '19', 'data-label' :  'location detection close' }); };vueData.breakingPoint = '';vueData.searchResults = [];vueData.searchResultsActive = -1;vueData.searchTerm = '';vueData.activeMenuItem = null;vueData.activeMenuItem = 3;vueData.nav = {"currentLanguage": {"id": "en","text": "EN","country": "Canada"},"languages": [{"id": 'ca',"country": 'Canada',"languages": [{"id": 'ca-en',"languageCode": "en","countryCode": "ca","text": 'EN',"dotcmsId": 1},{"id": 'ca-fr',"languageCode": "fr","countryCode": "ca","text": 'FR',"dotcmsId": 3},{"id": 'ca-zh-Hans',"languageCode": "zh","countryCode": "ca","text": '简中',"dotcmsId": 4},{"id": 'ca-tc',"languageCode": "zh-hant","countryCode": "ca","text": '繁中',"dotcmsId": 5}]},],secondaryLinks: [{name: 'RBC GAM Institutional',id: 'RBCGAMInstitutional',children: [{name:'Canada (PH&N Institutional)',id: 'Canada(PH&NInstitutional)',link: 'https://institutional.rbcgam.com/en/ca/',target: '_blank'},{name:'United States',id: 'UnitedStates',link: 'https://institutional.rbcgam.com/en/us/',target: '_blank'},{name:'Europe',id: 'Europe',link: 'https://institutional.rbcgam.com/en/europe/',target: '_blank'},{name:'Asia-Pacific',id: 'Asia-Pacific',link: 'https://institutional.rbcgam.com/en/asia/',target: '_blank'},{name:'Middle-East & Africa',id: 'Middle-East&Africa',link: 'https://institutional.rbcgam.com/en/mea/',target: '_blank'},{name:'Latin America & Caribbean',id: 'LatinAmerica&Caribbean',link: 'https://institutional.rbcgam.com/en/latin-america/',target: '_blank'}]},{name: 'Other RBC sites',id: 'OtherRBCsites',children: [{name:"RBC Banking",id: 'RBCBanking',link: 'https://www.rbcroyalbank.com',target: '_blank'},{name:"PH&N Investment Services",id: 'PH&NInvestmentServices',link: 'https://www.phn.com/',target: '_blank'},{name:"RBC Wealth Management",id: 'RBCWealthManagement',link: 'https://www.rbcwealthmanagement.com/',target: '_blank'},{name:"RBC Insurance",id: 'RBCInsurance',link: 'https://www.rbcinsurance.com/',target: '_blank'},{name:"RBC Capital Markets",id: 'RBCCapitalMarkets',link: 'https://www.rbccm.com/',target: '_blank'},{name:"RBC Investor Services",id: 'RBCInvestorServices',link: 'https://www.rbcits.com/',target: '_blank'}]}],		"userGreeting": "Advisor sign in","userGreetingLink": "/en/okta-login?&url=/en/ca/profile/sarah-riopelle/detail","flagText": "For information purposes only","links": [			{
			"id": "nav.products",
			"name": "Products",
			"title": "Products",
			"separator": "nav.products" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "nav.products.mutualfunds",
								"name": "Mutual funds",
								"title": "Mutual funds",
								"summary": "",
																	"children": [
																													                                    																							{ /* true */
																								"id": "Mutual funds list",
												"name": "Mutual funds list",
												"title": "Mutual funds list",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/index"
												},																															                                        																							{ /* true */
																								"id": "nav.products.aboutmutualfunds",
												"name": "About RBC mutual funds",
												"title": "About RBC mutual funds",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/about/"
												},																															                                    																							{ /* true */
																								"id": "RBC Fixed Income Pools",
												"name": "RBC Fixed Income Pools",
												"title": "RBC Fixed Income Pools",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/rbc-fixed-income-pools"
												},																															                                        																							{ /* true */
																								"id": "nav.products.rbcportfoliosolutions",
												"name": "RBC Portfolio Solutions",
												"title": "RBC Portfolio Solutions",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/rbc-portfolio-solutions/"
												},																															                                                                    																															                                                                    																															                                                                    																															                                                                    																																							]
															},																								{
																"id": "nav.products.etfs",
								"name": "ETFs",
								"title": "ETFs",
								"summary": "",
																	"children": [
																													                                    																							{ /* true */
																								"id": "ETFs list",
												"name": "ETFs list",
												"title": "ETFs list",
												"summary": "",
												"link": "/en/ca/products/etfs/index"
												},																															                                    																							{ /* true */
																								"id": "About RBC ETFs and iShares ETFs",
												"name": "About RBC ETFs and iShares ETFs",
												"title": "About RBC ETFs and iShares ETFs",
												"summary": "",
												"link": "/en/ca/products/etfs/rbc-ishares"
												},																															                                        																							{ /* true */
																								"id": "nav.products.etfinvestmentstrategies",
												"name": "ETF investment strategies",
												"title": "ETF investment strategies",
												"summary": "",
												"link": "/en/ca/products/etfs/etf-investment-strategies/"
												}																																							]
															},																								{
																"id": "nav.products.alternativeinvestments",
								"name": "Alternative investments",
								"title": "Alternative investments",
								"summary": "",
																	"children": [
																													                                    																							{ /* true */
																								"id": "Alternative investments list",
												"name": "Alternative investments list",
												"title": "Alternative investments list",
												"summary": "",
												"link": "/en/ca/products/alternative-investments/index"
												},																															                                        																							{ /* true */
																								"id": "nav.products.aboutalternativeinvestments",
												"name": "About RBC alternative investments",
												"title": "About RBC alternative investments",
												"summary": "",
												"link": "/en/ca/products/alternative-investments/about/"
												}																																							]
															},																								{
																"id": "nav.products.separatelymanagedaccounts",
								"name": "Separately managed accounts",
								"title": "Separately managed accounts",
								"summary": "",
																	"children": [
																													                                                																															                                        																							{ /* true */
																								"id": "nav.products.aboutseparatelymanagedaccounts",
												"name": "​About SMAs",
												"title": "​About SMAs",
												"summary": "",
												"link": "/en/ca/products/separately-managed-accounts/about/"
												}																																							]
															}															]
					},				{
			"id": "nav.insights",
			"name": "Insights",
			"title": "Insights",
			"separator": "nav.insights" == "nav.tools",
			"summary": "",
							"link": "/en/ca/insights/"
					},				{
			"id": "nav.learnplan",
			"name": "Learn & plan",
			"title": "Learn & plan",
			"separator": "nav.learnplan" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "nav.learnplan.typesofinvestments",
								"name": "Types of investments",
								"title": "Types of investments",
								"summary": "",
																	"children": [
																													                                        																							{ /* true */
																								"id": "nav.learnplan.whataremutualfunds",
												"name": "All about mutual funds",
												"title": "All about mutual funds",
												"summary": "",
												"link": "/en/ca/learn-plan/types-of-investments/mutual-funds/"
												},																															                                        																							{ /* true */
																								"id": "nav.learnplan.whatareetfs",
												"name": "ETF Learning Centre",
												"title": "ETF Learning Centre",
												"summary": "",
												"link": "/en/ca/learn-plan/types-of-investments/etfs/"
												}																																							]
															},																								{
																"id": "Retirement resource centre",
								"name": "Retirement resource centre",
								"title": "Retirement resource centre",
								"summary": "Your one-stop retirement resource centre. Learn about all phases of the retirement journey -- from starting early to living in retirement.",
																"link": "/en/ca/learn-plan/retirement-resources"
															},																								{
																"id": "Investment basics",
								"name": "Investment basics",
								"title": "Investment basics",
								"summary": "Learn about the basic principles of investing to make smarter decisions about your money.",
																"link": "/en/ca/learn-plan/investment-basics"
															},																								{
																"id": "Investment strategies",
								"name": "Investment strategies",
								"title": "Investment strategies",
								"summary": "Learn strategies to help you identify your goals and gain a deeper understanding of the investing world.",
																"link": "/en/ca/learn-plan/investment-strategies"
															},																								{
																"id": "Learn & plan",
								"name": "Learn & plan",
								"title": "Learn & plan",
								"summary": "",
																"link": "/en/ca/learn-plan/index"
															}															]
					},				{
			"id": "nav.aboutus",
			"name": "About us",
			"title": "About us",
			"separator": "nav.aboutus" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "Our story",
								"name": "Our story",
								"title": "Our story",
								"summary": "",
																"link": "/en/ca/about-us/our-story"
															},																								{
																"id": "Responsible investment",
								"name": "Responsible investment",
								"title": "Responsible investment",
								"summary": "",
																"link": "/en/ca/about-us/ri"
															},																								{
																"id": "Our teams",
								"name": "Our teams",
								"title": "Our teams",
								"summary": "",
																"link": "/en/ca/about-us/our-teams"
															},																								{
																"id": "RBC iShares alliance",
								"name": "RBC iShares alliance",
								"title": "RBC iShares alliance",
								"summary": "",
																"link": "/en/ca/about-us/about-rbc-ishares"
															},																								{
																"id": "Leadership",
								"name": "Leadership",
								"title": "Leadership",
								"summary": "",
																"link": "/en/ca/about-us/leadership"
															}															]
					},			


]};vueData.isharesModalIsActive = false;

window.SpeechRecognition = window.SpeechRecognition || window.webkitSpeechRecognition;vueData.SpeechRecognitionEnabled = (window.SpeechRecognition)? true:false;vueData.recognition = null;vueData.voiceIconColor = null;vueData.voiceLabel = "Search&nbsp;by&nbsp;voice";vueMethods['searchToggled'] = function(){var _self = this;var defaultLabel = "Search&nbsp;by&nbsp;voice";if(window.SpeechRecognition && _self.recognition == null){_self.recognition = new SpeechRecognition();_self.recognition.continuous = true;_self.recognition.lang = "en-US";_self.recognition.onstart = function(e){dataLayer.push({ 'event' :  'rbcwmEvent', 'data-analytics' :  '19', 'data-label': 'search voice'});_self.voiceIconColor = "red";_self.voiceLabel = "Listening...";};_self.recognition.onend = function(e){_self.voiceIconColor = null;_self.voiceLabel = "Search&nbsp;by&nbsp;voice";};_self.recognition.onresult = function(e){var results = e.results;for(var i = 0; i < results.length ; i++){if(results[i].isFinal){_self.$refs.megamenu.searchTerm = results[0][0].transcript;_self.searchTerm = results[0][0].transcript;_self.megaSearch(_self.searchTerm);_self.recognition.stop();}}};_self.recognition.start();}else {_self.recognition.stop();_self.recognition = null;_self.$refs.megamenu.searchTerm = "";_self.searchTerm = "";}};
let timerForSearch = null;

vueMethods['megaSearchKeyUp'] = function(e){
clearTimeout(timerForSearch);

timerForSearch = setTimeout(() => {

if (e.target.value.trim() !== '' ) {
    dataLayer.push({
        event: "view_search_results",
        search_results_num: _self.searchResults.length,
        method: 'generic search',
        search_term: _self.searchTerm,
        
    })   
    }
}, 1000)

var key = e.key.toLowerCase();var _self = this;if(key.indexOf('enter') > -1 && _self.searchResultsActive == -1){var encodedQuery = encodeURIComponent(_self.searchTerm);
location.href = '/en/ca/search-results/?q=' + encodedQuery;}else if(key.indexOf('enter') > -1 && _self.searchResultsActive > -1){var r = _self.searchResults[_self.searchResultsActive];dataLayer.push({ 'event' : 'rbcwmPageview', 'virtualpath' : '/en/ca/virtual/search-results-megasearch/?q=' + _self.searchTerm, 'virtualtitle' : 'Virtual Search Results','data-searchterm' : _self.searchTerm, 'data-totalresults': _self.searchResults.length});
location.href = (r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/';}else if(key.indexOf('down') > -1 && _self.searchResultsActive < (_self.searchResults.length - 1)){_self.searchResultsActive++;}else if(key.indexOf('up') > -1 && _self.searchResultsActive >  - 1){_self.searchResultsActive--;}};vueMethods['megaSearchResultClick'] = function(r, e){const outbound = e.target.closest('a') ? e.target.closest('a').hostname !== window.location.hostname : false;
console.log('Hello');
var _self = this;if(e.target.classList.value.indexOf('briefcase') == -1){dataLayer.push({ 'event' : 'rbcwmPageview', 'virtualpath' : '/en/ca/virtual/search-results-megasearch/?q=' + _self.searchTerm, 'virtualtitle' : 'Virtual Search Results','data-searchterm' : _self.searchTerm, 'data-totalresults': _self.searchResults.length});window.dataLayer.push({
    event: 'click_search_results',
    event_type: 'search',
    method: 'generic search', 
    link_text: e.target.textContent,
    link_url: _self.getLinkUrl(e),
    link_domain: window.location.hostname,
    outbound: outbound,
});

location.href = (r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/';}};vueMethods['megaSearch'] = function(e){var _self = this;_self.searchResultsActive = -1;if(e != ""){_self.searchTerm = e;fetch("/en/ca/megamenu-search?search=" + e).then(function(response){ return response.json();}).then(function(data){ _self.searchResults = data.data;}).catch(function(e){_self.searchResults = [];})}else {_self.searchResults = [];_self.searchTerm = '';}};

vueMethods['toggleLanguage'] = function(e) {
    console.log("toggleLanguage", e);
    if (e.countryCode !== "ca"){
        if(e.countryCode === "gb") {
            location.href = "/en/landing?preselect=eu";
        } else if(e.countryCode === "us") {
            location.href = "/en/landing?preselect=us";
        } else if(e.countryCode === "asia-pacific") {
            location.href = "/en/landing?preselect=ap";
        } else if(e.countryCode === "americas-offshore") {
            location.href = "/en/landing?preselect=ao";
        } else {
            location.href = "/en/landing";
        }
    } else {
        var currentUrl = "/en/ca/profile/sarah-riopelle/detail";
        this.nav.languages
            .flatMap(l => l.languages).map(l=>l.languageCode)
            .filter((v, i, a) => a.indexOf(v) === i)
            .forEach(l => currentUrl = currentUrl.replace(`/${l}/`,"/"));

            let newQueryString = "";
            location.href = "/" +e.languageCode + currentUrl + newQueryString;
    }
};

vueMethods.mobileSearch = function(e){location.href = '/en/ca/search-results/?q=' + e;}


vueMethods.getLinkUrl = function(event) {
    const element = vueMethods.findAncestorLinkElement(event.target);
    return vueMethods.getLinkUrlHelper(element && element.href);
}
    
vueMethods.findAncestorLinkElement = function(target) {
        let a = target;
        while (a && a.tagName !== 'A') {
            a = a.parentNode;
        }
        return a && a.tagName === 'A' ? a : null;
    }
    
vueMethods.getLinkUrlHelper = function(url) {
        if (!url) {
            return '';
        }
        
        const isAbsoluteUrl = /^([a-z][a-z\d+\-.]*:)?\/\//i.test(url);
        return isAbsoluteUrl ? url : window.location.origin + url;
    }

</script>
<script>
Vue.component('rbc-video', {template: '<div class="rbc-video"><div :style="embedStyle" :class="[aspectRatio ? \'embed-responsive-\' + aspectRatio : null]" class="embed-responsive"><video ref="player" v-bind="$attrs" :data-video-id="videoId" :data-playlist-id="playlistId" :data-account="account" :data-player="player" data-embed="default" data-application-id class="video-js embed-responsive-item rbc-video-player" controls></video></div><div v-if="playlistId" class="vjs-playlist"></div></div>',
inheritAttrs: false,props: {aspectRatio: { type: String, default: '16by9' },account: { type: String, default: '3187797751001' },embedStyle: [String, Object, Array],options: Object,player: { type: String, default: 'Un1ElmKR2T' },playlistId: String,videoId: String},beforeMount: function() {var scriptId = this.playlistId ? 'bcPlaylistScript' : 'bcVideoScript';var body = document.getElementsByTagName('body')[0];if (!document.getElementById(scriptId) && body) {var script = document.createElement('script');script.type = 'text/javascript';script.id = scriptId;script.src = '//players.brightcove.net/' + this.account + '/' + this.player  + '_default/index.min.js';body.appendChild(script);}},mounted: function() {if (typeof bc !== 'undefined') {bc(this.$refs.player, this.options);}}});vueMethods.formatNumber = window.formatNumber;vueMethods.formatCurrency = window.formatCurrency;vueMethods.decimal = window.decimal;vueMethods.leadingZero = window.leadingZero;var vueApp = new Vue({el: "#app",components: {'rbc-alert': wm.Alert,'rbc-autocomplete': wm.Autocomplete,'rbc-badge': wm.Badge,'rbc-block': wm.Block,'rbc-breadcrumb': wm.Breadcrumb,'rbc-button': wm.Button,'rbc-toggle': wm.ButtonToggle,'rbc-toggle-container': wm.ButtonToggleContainer,'rbc-caption': wm.Caption,'rbc-card': wm.Card,'rbc-checkbox': wm.Checkbox,'rbc-datatable': wm.DataTable,'rbc-datatable-paginator': wm.DataTablePaginator,'rbc-datepicker': wm.DatePicker,'rbc-dropdown': wm.Dropdown,'rbc-expandable': wm.Expandable,'rbc-expandable-container': wm.ExpandableContainer,'rbc-hero': wm.Hero,'rbc-icon': wm.Icon,'rbc-input': wm.Input,'rbc-layout': wm.Layout,'rbc-link-card': wm.LinkCard,'rbc-link-card-container': wm.LinkCardContainer,'rbc-media-card': wm.MediaCard,'rbc-mega-menu': wm.MegaMenu,'rbc-menu': wm.Menu,'rbc-menu-item': wm.MenuItem,'rbc-modal': wm.Modal,'rbc-multiselect': wm.MultiSelect,'rbc-point': wm.Point,'rbc-progressbar': wm.ProgressBar,'rbc-radio': wm.Radio,'rbc-script': wm.Script,'rbc-select': wm.Select,'rbc-side-nav': wm.SideNav,'rbc-side-nav-item': wm.SideNavItem,'rbc-slider': wm.Slider,'rbc-snackbar': wm.Snackbar,'rbc-snackbar-container': wm.SnackbarContainer,'rbc-sort': wm.Sort,'rbc-speech': wm.Speech,'rbc-spinner': wm.Spinner,'rbc-stepper': wm.Stepper,'rbc-stepper-container': wm.StepperContainer,'rbc-stepper-content': wm.StepperContent,'rbc-style': wm.Style,'rbc-switch': wm.Switch,'rbc-tab': wm.Tab,'rbc-tab-content': wm.TabContent,'rbc-tag': wm.Tag,'rbc-textarea': wm.Textarea,'rbc-tooltip': wm.Tooltip,'rbc-top-nav': wm.TopNav,'rbc-top-nav-item': wm.TopNavItem,'rbc-transition': wm.Transition,'rbc-transition-height': wm.TransitionHeight,'rbc-transition-number': wm.TransitionNumber},data: vueData,computed: vueComputed,watch: vueWatch,mounted: function(){var _self = this;var displayNoneSyntax = "dBREAKINGPOINT-none";var displayInlineSyntax = "dBREAKINGPOINT-inline";var breakingPoints = ['', '-sm', '-md', '-lg', '-xl'];breakingPoints.forEach(function(bp, index){var bpNoneSyntax = displayNoneSyntax.replace("BREAKINGPOINT", (bp != '')? bp : '');var bpInlineSyntax = (index + 1 < breakingPoints.length)? displayInlineSyntax.replace("BREAKINGPOINT", breakingPoints[index + 1]) : '';var spanEl = document.createElement("SPAN");spanEl.setAttribute("id", 'is' + bp.replace('-', ''));spanEl.classList.add(bpNoneSyntax);if(bpInlineSyntax != '') spanEl.classList.add(bpInlineSyntax);spanEl.style.width = 0;spanEl.style.height = 0;document.body.appendChild(spanEl);if(window.getComputedStyle(spanEl,null).getPropertyValue('display') == "none"){if(bp == ""){bp = 'xs';}_self.breakingPoint = bp.replace('-', '');}});document.addEventListener("keyup", function(e){if(e.ctrlKey && e.shiftKey && e.key.toLowerCase() == 'f'){_self.$refs.megamenu.$_MegaMenu_showSearch();}else if(e.ctrlKey && e.shiftKey && e.key.toLowerCase() == 'v'){_self.$refs.megamenu.$_MegaMenu_showSearch();_self.searchToggled();}});if(window.addEventListener/* && window.atob*/){var arr=[],str=atob("MzgsMzgsNDAsNDAsMzcsMzksMzcsMzksNjYsNjU=");window.addEventListener("keydown",function(e){arr.push(e.keyCode);if(arr.toString().indexOf(str)>=0){vueData.raptors=true;arr=[];};},true);};
vueMounted.forEach(function(f){f(_self);});},methods: vueMethods});
</script><script> setTimeout(function(){ var videoIframes = document.querySelectorAll(".brightcoveIframe"); Array.prototype.forEach.call(videoIframes, function(el){ el.contentWindow.postMessage({'gaID':"", 'url': window.location.href}, '*'); }); }, 1000); </script> 
<script>
    
    // SHARE ON SOCIAL MEDIA
    
    document.addEventListener('click', (e) => {
        const socialMediaShares = e.target.closest('[data-location="Share this article sidebar"] a');
        if(socialMediaShares) {
    	    const ariaLabelMethod = e?.srcElement?.ariaLabel;
    	    dataLayer.push({
    	        event: 'share',
                method: ariaLabelMethod === 'envelope' ? 'email' : (ariaLabelMethod?.split(' ')[0] || ''),
                content_name: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_text: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_domain: window.location.hostname,
                link_url: window.location.href, 
                content_type: window.location.pathname.split('/')[3],
                content_id: '1c5795ca-ec65-4001-9f8e-b8be6031497e',
                location_id: getLocationId(e.target), 
    	        }); 
    	}
});

const h4Elements = document.querySelectorAll('div > h4');
h4Elements.forEach((h4Element) => {
  const trimmedText = h4Element.textContent.trim();
  if (trimmedText === 'Share this profile' || trimmedText === 'Share this podcast' ||
      trimmedText === 'Partager cette baladodiffusion' || trimmedText === 'Partager ce profil') {
    const targetDiv = h4Element.parentElement;
    const anchorLinks = targetDiv.querySelectorAll('a');
    anchorLinks.forEach((element) => {
      element.addEventListener('click', (e) => {
          
          if (e.target.closest('[data-location="Share this article sidebar"] a')) {
              return;
          }
          
        const ariaLabelMethod = e?.srcElement?.ariaLabel;
        const contentType = trimmedText === 'Share this podcast' || trimmedText === 'Partager cette baladodiffusion' ? 'podcast' : 'team';
        const locationId = trimmedText;
    	    dataLayer.push({
    	        event: 'share',
                method: ariaLabelMethod === 'envelope' ? 'email' : (ariaLabelMethod?.split(' ')[0] || ''),
                content_name: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_text: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_domain: window.location.hostname,
                link_url: window.location.href, 
                content_type: contentType,
                content_id: '1c5795ca-ec65-4001-9f8e-b8be6031497e',
                location_id: locationId, 
    	        }); 
      });
    });
  }
});

</script>
<!-- OneTrust Cookies Settings button end --> 

<script type="application/javascript">
  window.openCookieSettings = function(e) {
    e.preventDefault();
    OneTrust.ToggleInfoDisplay();
  };

  window.handleKeydown = function(event) {
    if (event.key === 'Enter' || event.key === ' ') {
      event.preventDefault();
      openCookieSettings(event);
    }
  };

  // Attach the keydown listener when the DOM is loaded.
  document.addEventListener('DOMContentLoaded', function() {
    var btn = document.getElementById('openCookieSettings');
    if (btn) {
      btn.addEventListener('keydown', window.handleKeydown);
    }
  });
</script>

<!-- OneTrust Cookies Consent Notice end for rbcgam.com -->

<!-- Accessibility scripts --> 
<script type="application/javascript">
    let expandMenuButton = document.querySelector("#hamburgerMenuButton");
    let megaSeparator = document.querySelector(".mega-menu-separator");
    if (expandMenuButton) {
        expandMenuButton.tabIndex = 0;
    }
    if (megaSeparator) {
        megaSeparator.removeAttribute("role");
    }
</script>
<!-- Accessibility scripts end --> 


<script src="/application/themes/rbcgam/js/analytics-service.js"></script>

<!-- Loading time: 634 -->
</body>
</html> <!-- Loading time not cached: 642 -->