MINNEAPOLIS, MN, Feb. 2, 2012 /CNW/ - RBC Global Asset Management (U.S.)
Inc. announces the launch of four specialty fixed income mutual funds,
sub-advised by BlueBay Asset Management. Effective today, the funds are
available to institutional and high-net-worth investors in the United
"We are very pleased to offer the exceptional expertise of BlueBay Asset
Management to our clients and investors in our home market. We have
seen a notable trend with U.S. institutional investors seeking
alternative and global investment solutions to complement their U.S.
exposure," said Mike Lee, CEO, RBC Global Asset Management (U.S.) Inc.
"With the new RBC BlueBay Funds, investors can now access the
capabilities of an international investment management team, recognized
for their long and proven track record in global and emerging market
fixed income as well as alternative investment strategies."
Founded in 2001 and acquired by RBC in 2010, BlueBay Asset Management is
among Europe's leading asset managers, specialising in fixed income and
alternative investment solutions. The U.K.-based firm offers a defined
range of capabilities in investment grade, high yield, distressed,
convertibles and emerging market debt. BlueBay Asset Management is an
internationally recognized asset manager. In 2011, the firm was awarded
Global Investor's Excellence in European Fixed Income and was named
Boutique Asset Manager of the year at the Global Pensions Awards for
the second consecutive year.
NEW RBC BLUEBAY FUNDS
RBC BlueBay Emerging Market Corporate Bond Fund
RBC BlueBay Emerging Market Select Bond Fund
RBC BlueBay Global Convertible Bond Fund
RBC BlueBay Global High Yield Bond Fund
Class I shares of the funds are offered solely to individuals and
institutions with a $1 million minimum requirement for initial
investment. The RBC BlueBay strategies are also offered as
institutional separate accounts with a minimum investment of $100
For further information regarding RBC BlueBay Funds, please visit https://us.rbcgam.com/mutual-funds/.
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, Phillips, Hager & North Investment Management (PH&N) and
RBC Global Asset Management (U.S.). RBC GAM is a provider of global
investment management services and solutions to individual,
high-net-worth and institutional investors through exchange-traded
funds, hedge funds, mutual funds, pooled funds, separate accounts and
specialty investment strategies. RBC GAM group of companies manage
approximately $250 billion in assets and have approximately 1,000
employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top 10 largest wealth managers. RBC Wealth
Management directly serves affluent, high-net-worth and ultra
high-net-worth clients in Canada, the United States, Latin America,
Europe, the Middle East, Africa and Asia with a full suite of banking,
investment, trust and other wealth management solutions. The business
also provides asset management products and services directly and
through RBC and third-party distributors to institutional and
individual clients, through its RBC Global Asset Management business
(which includes BlueBay Asset Management). RBC Wealth Management has
more than C$525 billion of assets under administration, more than C$305 billion of assets under management and approximately 4,300 financial
consultants, advisors, private bankers and trust officers.
RBC Global Asset Management (U.S.) Inc. serves as investment adviser for RBC Funds. The Funds are sub-advised by BlueBay Asset Management Ltd., a wholly-owned
subsidiary of RBC. The RBC Funds are distributed by Quasar Distributors, LLC, an affiliate
of U.S. Bancorp Fund Services, LLC.
NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.
Before investing, you should carefully consider a fund's investment
objectives, risks, charges and expenses. This and other information is
included in the prospectus, which you can request by visiting http://us.rbcgam.com/mutual-funds/literature/ or calling 800-422-2766. Please read the prospectus carefully before investing.
Mutual fund investing involves risk. Principal loss is possible.
SOURCE RBC Global Asset Management (U.S.)
For further information:
Yen To, RBC GAM Communications, 416-955-5916