RBC Global Asset Management (U.S.) Launches New Absolute Return Fixed Income Offering for U.S. Investors

MINNEAPOLIS, Dec. 4, 2012 /CNW/ - RBC Global Asset Management (U.S.) Inc. announces the launch of RBC BlueBay Absolute Return Fund, a specialty fixed income mutual fund sub-advised by BlueBay Asset Management, a specialist fixed income and alternative asset manager. The fund is available to institutional and high-net-worth investors across the United States.

"The global financial crisis and current low yielding environment have induced investors to re-think traditional approaches to fixed income portfolios," said Mark Dowding, co-head of Investment Grade Fixed Income at BlueBay Asset Management and a Senior Portfolio Manager of the RBC BlueBay Absolute Return Fund. "We recognized this need and are pleased to offer investors the additional choice of globally diversified fixed income exposure through a fund focused on generating alpha and maximizing risk-adjusted returns."

The RBC BlueBay Absolute Return Fund has a flexible duration and is designed to take advantage of rising or falling government yield and credit spread environments. The fund invests across global interest rates, sovereign and non-sovereign credit as well as across currencies, utilizing cash and derivative securities. This makes it unique in the U.S. market. The fund is an investment option for qualified investors seeking diversification to a traditional long-only core fixed income portfolio.

RBC BlueBay Absolute Return Fund RBARX Geraud Charpin
Mark Dowding
Raphael Robelin

Class I shares of RBC BlueBay Absolute Return Fund are offered solely to individuals and institutions with a minimum $1 million initial investment. The fund is also expected to be available through various financial intermediaries.

The absolute return investment strategy is also offered as an institutional separate account with a minimum investment of $250 million.

For further information about the RBC BlueBay Absolute Return Fund, please visit https://us.rbcgam.com/mutual-funds/emerging-markets-global-fixed-income-funds/fg-9/default.fs

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 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 more than $270 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, investor services and wholesale banking on a global basis. We employ approximately 80,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 49 other countries. For more information, please visit rbc.com.

RBC Global Asset Management (U.S.) Inc. serves as investment adviser for RBC Funds. The Fund is sub-advised by BlueBay Asset Management LLP, a wholly-owned subsidiary of RBC.

The RBC Funds are distributed by Quasar Distributors, LLC, an affiliate of U.S. Bancorp Fund Services, LLC.


Alpha measures the difference between an actual return for a stock or a portfolio and its equilibrium expected return.

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. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. The Fund may use certain types of investment derivatives such as futures, forwards, and swaps. Derivatives involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. The fund can make short sales of securities, which involves the risk that losses in securities may exceed the original amount invested. The fund is nondiversified and may be more volatile than diversified funds that hold a greater number of securities

Investments in absolute return strategies are not intended to outperform stocks and bonds during strong market rallies.



For further information:

Yen To, RBC GAM Communications, 416-955-5916, yen.to@rbc.com


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