RBC Global Asset Management Inc. launches new low volatility equity funds for
TORONTO, Nov. 19, 2012 /CNW/ - RBC Global Asset Management Inc. today
announced the launch of RBC QUBE Low Volatility Canadian Equity Fund and RBC
QUBE Low Volatility U.S. Equity Fund. These funds are now available for
purchase by individual and institutional investors in Canada.
"In an increasingly complex investment environment, we are pleased to offer a
simple way for investors to reduce risk in their equity portfolios," said Bill
Tilford, Head of Quantitative Investments at RBC Global Asset Management.
"These new funds use quantitative investing to offer investors the upside
potential of equities with less risk and volatility than broad market indexes."
RBC QUBE Low Volatility Equity Funds are monitored daily and adjusted to deal
with changes to their risk and return profiles. The new funds use a custom
risk model that is designed to more accurately measure and forecast risk.
The funds are appropriate for investors who have a long-term investment
horizon and who are able to tolerate a medium level of investment risk. The
low-volatility strategies are suitable for investors who are seeking a
defensive core equity investment with the potential to earn equity-like
returns, but with less volatility than a traditional equity portfolio.
The two new funds are available to individual investors through four low-fee
options: Series A; Advisor Series and 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 each fund series is outlined in the table below.
| | MANAGEMENT FEE (%) |
| FUND |__________________________________|
| |SERIES A|ADVISOR|SERIES F|SERIES D|
|RBC QUBE Low Volatility Canadian| | | | |
|Equity Fund | 1.75 | 1.75 | 0.75 | 1.00 |
|RBC QUBE Low Volatility U.S. | | | | |
|Equity | | | | |
|Fund | 1.75 | 1.75 | 0.75 | 1.00 |
The funds 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, 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 $265 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$562
billion of assets under administration, more than C$324 billion of assets
under management and approximately 4,300 financial consultants, advisors,
private bankers and trust officers.
Yen To, RBC GAM Communications, 416 955-5916 Leah Commisso, RBC GAM Media
Relations, 416 955-6498
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CO: Royal Bank of Canada
NI: FIN FND FLOWS NP
-0- Nov/19/2012 14:00 GMT
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