RBC Global Asset Management Inc. launches two new investment solutions

TORONTO, April 20, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM) today announced the launch of RBC Balanced Growth & Income Class and BlueBay $U.S. Global Convertible Bond Fund (Canada), two new investment solutions within RBC GAM's diverse line-up.

"As part of our client-focused approach, we continually work to uncover new investment opportunities in a changing market," said Doug Coulter, president of RBC GAM. "Based on our ongoing evaluation of the needs of investors and advisors, we are pleased to launch two new versions of existing RBC GAM solutions that take advantage of market opportunities and offer greater choice."

RBC Balanced Growth & Income Fund has grown to over $900 million since inception in August 2013. The corporate class version of this Fund being launched today is suitable for certain clients with non-registered investments and provides existing RBC Corporate Class clients with a lower-risk choice within the class. It is designed to provide portfolio stability through its diversified global asset mix and broad range of income solutions.

RBC Balanced Growth & Income Class is available to individual investors through eight options: Series A; Advisor Series; Advisor T5; T5; Series F (available via financial advisors); FT5; Series H; and Series I.

The management fees for the Class are outlined in the table below.

Management Fees (%)
Series A   Advisor Advisor T5 T5 Series F FT5 Series H* Series I*
1.75% 1.75% 1.75% 1.75% 0.75% 0.75% 1.60% 0.60%

*Series H and I are available to high net worth investors with a minimum investment of CAD $200,000

Also being launched today is a fully hedged, U.S. dollar version of BlueBay Global Convertible Bond Fund (Canada), which was launched in November 2012 and has grown to over $1.2 billion in assets under management. BlueBay $U.S. Global Convertible Bond Fund (Canada) is ideal for investors who want exposure to a portfolio of global convertible bonds, a combination of current income and capital growth potential and are seeking new U.S. dollar options for their investments.

BlueBay $U.S. Global Convertible Bond Fund (Canada) is available to individual investors through nine options: Series A; Advisor Series; Advisor T5; T5; Series D; Series F (available via financial advisors); FT5; Series H; and Series I.

The management fees for the Fund are outlined in the table below.

Management Fees (%)
Series A Advisor Advisor T5 T5 Series D Series F FT5 Series H* Series I*
1.70% 1.70% 1.70% 1.70% 1.10% 0.95% 0.95% 1.45% 0.70%

*Series H and I are available to high net worth investors with a minimum investment of CAD $200,000

Both of the solutions being launched today are also available to institutional investors through Series O.

Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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 $370 billion 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 globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. 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$767 billion of assets under administration, more than C$480 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.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. 

SOURCE RBC

For further information:

Leah Commisso, RBC GAM Corporate Communications, 416-955-6498


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