RBC Global Asset Management Brings Convertible Bond Expertise of BlueBay Asset Management to Canadian Investors

RBC Global Asset Management Brings Convertible Bond Expertise of BlueBay Asset 
Management to Canadian Investors 
TORONTO, Nov. 26, 2012 /CNW/ - RBC Global Asset Management Inc. announced 
today the launch of BlueBay Global Convertible Bond Fund, sub-advised by 
BlueBay Asset Management LLP, a specialist fixed income and alternative asset 
manager. The fund is available to individual and institutional investors 
across Canada. 
"We have recently seen a lot of risk aversion in the market due to ongoing 
volatility. As a result, we are pleased to offer additional choice to 
investors seeking to combine the security of bonds with the upside potential 
of equities," said Doug Coulter, president of RBC Global Asset Management Inc. 
"Managed by Michael Reed, senior portfolio manager, and Alessandro Esposito, 
portfolio manager, the new fund draws on the depth of BlueBay's fixed income 
expertise. The fund provides another way for Canadians to access the global 
convertible bond markets and diversify their portfolios." 
The BlueBay Global Convertible Bond Fund invests primarily in global 
convertible bonds, which tend to have low correlations to other bonds in a 
rising rate environment and offers less volatility than equities. The fund is 
appropriate for investors seeking a combination of current income and capital 
growth potential and who want exposure to a portfolio of global convertible 
bonds to diversify the fixed-income portion of their overall portfolio. 
Investors should have a long-term investment horizon and should be able to 
tolerate a medium level of investment risk. 
The new fund is available to individual investors through six low-fee options: 
Series A; Advisor Series; Series H; Series F and Series I (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 H* SERIES F SERIES I* SERIES D

BlueBay Global      1.70    1.70     1.45      0.95     0.70      1.10
Convertible Bond
Fund

* Series H and Series I units are available for investors with a minimum 
investment of $200,000.

The funds are also available to institutional investors through Series O.

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-US. 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 $260 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

SOURCE: RBC

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CO: RBC Global Asset Management
ST: Ontario
NI: FIN FND FLOWS NP 

-0- Nov/26/2012 14:00 GMT


 
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