RBC Global Asset Management Inc. launches new Low Volatility Global Equity Fund
TORONTO, April 8, 2013 /CNW/ - RBC Global Asset Management Inc. today
announced the launch of the RBC QUBE Low Volatility Global Equity Fund. This
fund is now available for purchase by individual and institutional investors
"We are pleased to take the next step in continuing to expand our quantitative
investment solutions for Canadian investors with the launch of a truly global
fund," said Bill Tilford, head of Quantitative Investments at RBC Global Asset
Management. "Like our other low-volatility solutions, this fund seeks to
provide investors with 30 percent less volatility than a standard equity
portfolio, as well as downside protection and strong risk-adjusted return
The RBC QUBE Low Volatility Global Equity Fund, in addition to the RBC QUBE
Low Volatility Canadian Equity Fund and RBC QUBE Low Volatility U.S. Equity
Fund, is 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 low-volatility strategies
use a custom risk model that is designed to measure and forecast risk,
monitored daily and adjusted to deal with changes to risk and return profiles.
RBC QUBE Low Volatility Global Equity Fund is available to individual
investors through four low-fee options: Series A; Advisor Series; 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 the fund is outlined in the table below.
|SERIES |A |Advisor|F |D |
|MANAGEMENT FEE (%)|1.85|1.85 |0.85|1.10|
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
manages more than $280 billion in assets and has 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$593
billion of assets under administration, more than C$353 billion of assets
under management and approximately 4,300 financial consultants, advisors,
private bankers and trust officers.
Jeff Keay, RBC GAM Communications, 416 955-0577 Leah Commisso, RBC GAM Media
Relations, 416 955-6498
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CO: RBC Global Asset Management
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-0- Apr/08/2013 13:00 GMT
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