RBC Global Asset Management (U.S.) Launches New Absolute Return Fixed Income
Offering for U.S. Investors
MINNEAPOLIS, Dec. 4, 2012
MINNEAPOLIS, Dec. 4, 2012 /PRNewswire/ - 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.
NEW RBC BLUEBAY FUND TICKER PORTFOLIO MANAGERS
RBC BlueBay Absolute Return Fund RBARX Geraud Charpin
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
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
ABOUT RBC GLOBAL ASSET MANAGEMENT AND ROYAL BANK OF CANADA
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.
NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.
Alphameasures 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.
Yen To, RBC GAM Communications, 416-955-5916,firstname.lastname@example.org
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