TORONTO, Aug. 11, 2014 /CNW/ - RBC Global Asset Management Inc. today
announced the launch of RBC European Dividend Fund, which is now
available for purchase by individual investors and advisors in Canada.
"We are pleased to offer our clients an international income equity
solution that leverages our enhanced capabilities in global and
European equities," said Doug Coulter, president of RBC Global Asset
Management Inc. "The RBC European Dividend Fund is managed by our
London-based investment team, which is ideally situated to uncover
compelling investment opportunities in Europe."
RBC European Dividend Fund is designed to meet the needs of investors
who are seeking income-generating products with an economic and
geographic diversification and can tolerate medium risk and
fluctuations over a long-term investment horizon. The Fund is managed
by the London-based European equity team led by Dominic Wallington,
chief investment officer of RBC Global Asset Management (UK) Limited.
"High-quality dividend stocks have historically outperformed in Europe
and we are pleased to provide Canadian investors with access to these
opportunities," said Wallington. "Our aim is to strike the right
balance between dividend income, dividend growth and wealth
preservation, while providing investors with the opportunity to
diversify their sources of income across European markets."
RBC European Dividend Fund is available to individual investors through
four options: Series A; Advisor Series; Series F (available via
financial advisors); and Series D (available via direct-to-client
platforms, PH&N Investment Services and RBC Direct Investing).
The management fee for RBC European Dividend Fund is outlined in the
Management Fee (%)
Please read the prospectus or Fund Facts document before investing. There may be commissions,
trailing commissions, management fees and expenses associated with
mutual fund investments. Mutual funds are not guaranteed, their values
change frequently and past performance may not be repeated.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada
(RBC), and includes institutional money managers BlueBay Asset
Management and Phillips, Hager & North Investment Management. RBC GAM
is a provider of global investment management services and solutions to
individual, high-net-worth and institutional investors through mutual
funds, exchange-traded funds, hedge funds, pooled funds, separate
accounts and specialty investment strategies. RBC GAM group of
companies manage more than C$340 billion in assets and have
approximately 1,200 employees located across Canada, the United States,
Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC
Wealth Management directly serves affluent, high-net-worth and
ultra-high net worth clients in Canada, the United States, Latin
America, Europe, the Middle East, Africa, and Asia with a full suite of
banking, investment, trust and other wealth management solutions. The
business also provides asset management products and services directly
and through RBC and third party distributors to institutional and
individual clients, through its RBC Global Asset Management business
(which includes BlueBay Asset Management). RBC Wealth Management has
more than C$690 billion of assets under administration, more than C$426
billion of assets under management and approximately 4,400 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the
United States, securities are offered through RBC Wealth Management, a
division of RBC Capital Markets, LLC, a wholly owned subsidiary of
Royal Bank of Canada. Member NYSE/FINRA/SIPC.
For further information:
Leah Commisso, RBC GAM Communications, 416-955-6498, firstname.lastname@example.org
Matt Gierasimczuk, RBC GAM Communications, 416-974-2124, email@example.com