New funds offer greater range of global investment options to serve U.S. institutional and retail advisory marketplace
MINNEAPOLIS, MN, Dec. 10, 2014 /CNW/ - RBC Global Asset Management (RBC GAM) today announced the addition of five new mutual funds to its lineup. The RBC Small Cap Value Fund, RBC BlueBay Emerging Market Unconstrained Fixed Income Fund, RBC BlueBay Total Return Credit Fund, RBC Global Opportunities Fund and RBC International Opportunities Fund are now available to investors throughout the United States.
"Many investors today are seeking ways to tap into global investment opportunities. We are pleased to offer U.S. investors the global equity expertise of our new U.K.-based investment management team, as well as the specialized fixed income and alternatives expertise of our U.K. affiliate, BlueBay Asset Management," said Mike Lee, Chief Executive Officer and Chief Investment Officer of RBC GAM-U.S. "We have added significant depth and experience to our global investment teams over the past few years and the funds we are launching today reflect these expanded capabilities."
RBC Small Cap Value Fund
The RBC Small Cap Value Fund offers investors another avenue to access RBC GAM's small cap equity franchise. The fund seeks to provide long-term capital appreciation by investing in equity securities of 70 to 100 high-quality companies that appear to offer attractive value relative to the overall market.
The RBC Small Cap Value Fund is managed by lead portfolio manager Lance James and senior portfolio manager Steve Kylander. Mr. James has managed small cap portfolios for most of his 35-year career, including RBC GAM's small cap core strategy which he has managed since its inception. Mr. Kylander has 28 years of industry experience and has been the lead portfolio manager on the RBC GAM's mid cap value strategy since its inception. The team is responsible for nearly $3 billion in assets across micro cap, small cap and mid cap equity strategies.
RBC BlueBay Emerging Market Unconstrained Fixed Income Fund
The RBC BlueBay Emerging Market Unconstrained Fixed Income Fund seeks to achieve a high level of total return consistent with the preservation of capital as part of an innovative approach to accessing emerging market credit. The fund is managed with a fully flexible, unconstrained approach to allocating within the various sub-sectors of emerging market debt. The fund is sub-advised by BlueBay Asset Management.
RBC BlueBay Total Return Credit Fund
The RBC BlueBay Total Return Credit Fund seeks to achieve a high level of total return consisting of income and capital appreciation. The fund utilizes a multi-sector unconstrained fixed income strategy that employs the bottom-up specialty of each underlying investment team at BlueBay while employing a top-down asset allocation strategy. The fund is sub-advised by BlueBay Asset Management.
RBC Global Opportunities Fund and RBC International Opportunities Fund
The RBC Global Opportunities Fund and RBC International Opportunities Fund each seek to provide long-term capital growth by investing primarily in 40 to 60 equity securities of large global companies. The funds are managed by RBC GAM's U.K.-based global equity team, led by senior portfolio manager Habib Subjally.
|RBC Small Cap Value Fund||RSVIX|
|RBC BlueBay Emerging Market Unconstrained Fixed Income Fund||RUFIX|
|RBC BlueBay Total Return Credit Fund||RBTRX|
|RBC Global Opportunities Fund||RGOIX|
|RBC International Opportunities Fund||RIOIX|
Shares of the RBC BlueBay Emerging Market Unconstrained Fixed Income Fund and RBC BlueBay Total Return Credit Fund are offered to institutions and other U.S. investors with a minimum initial investment of $1,000,000.
Shares of the RBC Small Cap Value Fund, RBC Global Opportunities Fund and RBC International Opportunities Fund are offered to institutions and other U.S. investors with a minimum initial investment of $250,000.
"In the past three years, RBC GAM has launched 14 mutual funds across a variety of share classes and asset classes. These initiatives are part of an ongoing business strategy to utilize our institutional investment management capabilities and expand our range of investment options to better service the retail advisory marketplace and U.S. investors," added Lee.
For further information about these funds, please visit https://us.rbcgam.com/mutual-funds/default.fs.
About RBC Global Asset 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 $310 billion USD in assets and have approximately 1,200 employees located across Canada, the United States, Europe and Asia.
About BlueBay Asset Management
BlueBay Asset Management was founded in 2001 and is one of Europe's largest managers of fixed income credit and alternative products. Based in London, with offices in the U.S., Luxembourg, Switzerland, Ireland, Hong Kong and Japan, the firm manages over $65 billion USD (as of September 30, 2014) for institutions and high-net-worth individuals. BlueBay provides a combination of long-only and alternative debt strategies covering investment grade, global leveraged finance, convertibles and emerging markets. BlueBay Asset Management LLP is wholly-owned by Royal Bank of Canada and part of the RBC asset management division, RBC Global Asset Management group of companies.
Mutual fund investing involves risk. Principal loss is possible. Investing in small cap companies involves additional risks, including greater fluctuations in value and less liquidity than larger companies. The Funds may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks can be greater in emerging markets. The Funds may focus its investments in a region or small group of countries. As a result, the performance of the funds may be subject to greater volatility than more geographically diversified funds. There is a possibility that issuers of securities in which the Funds may invest may default on the payment of interest or principal on the securities when due, which would cause the Funds to lose money. These risks are more fully described in the prospectuses. These Funds are new with no operating history and there can be no assurances that the funds will grow or maintain an economically viable size.
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 /mutual- funds/literature/content/default.fs or calling 800.422.2766. Please read the prospectus carefully before investing.
RBC Global Asset Management (U.S.) Inc. serves as investment adviser for RBC Funds. The RBC Global Opportunities Fund and RBC International Opportunities Fund are sub-advised by RBC Global Asset Management (UK) Limited. The RBC BlueBay Emerging Market Unconstrained Fixed Income Fund and RBC BlueBay Total Return Credit Fund are sub-advised by BlueBay Asset Management LLP, a wholly-owned subsidiary of RBC. The RBC Funds are distributed by Quasar Distributors, LLC.
For further information:
Matt Gierasimczuk, 416-974-2124, [email protected]