RBC Global Asset Management Inc. Launches Four New Equity Funds With Global
TORONTO, March 10, 2014 /CNW/ - RBC Global Asset Management Inc. (RBC GAM)
today announced the launch of four new RBC equity funds. The RBC Global Equity
Fund, RBC U.S. Equity Value Fund, RBC Japanese Equity Fund and RBC Asia
Pacific Ex-Japan Equity Fund are now available for purchase by individual and
institutional investors in Canada.
"Canadians looking for investment opportunities are increasingly looking
beyond Canada to a variety of different geographies," said Dan Chornous, CIO,
RBC GAM Inc. "These new solutions take advantage of the tremendous breadth of
RBC GAM's investment capabilities by providing advisors and investors with
access to a diversified range of global investment options."
RBC Global Equity Fund
RBC Global Equity Fund invests primarily in equity securities of large global
companies. This fund is suitable for investors who are planning to hold their
investment for the long term and are looking for economic and geographic
diversification across the globe. This fund will be managed by RBC GAM's
London-based 10-person global equity team.
RBC U.S. Equity Value Fund
RBC U.S. Equity Value Fund invests primarily in high-quality companies trading
at prices that appear to offer attractive value relative to the overall
market. This fund is appropriate for investors who are seeking value-based
strategies with exposure to quality U.S. companies and the objective of
achieving long-term growth. This fund will be managed by RBC GAM portfolio
managers, Stu Kedwell and Doug Raymond.
RBC Japanese Equity Fund
RBC Japanese Equity Fund invests in equity securities of companies located or
having a principal business interest in Japan. This fund is suitable for
long-term investors who are seeking targeted exposure to quality international
businesses outside of North America, with economic and currency
RBC Asia Pacific Ex-Japan Equity Fund
RBC Asia Pacific Ex-Japan Equity Fund aims to provide long-term capital growth
by investing in equity securities of companies located or having a principal
business interest in the Asia Pacific region excluding Japan. This fund is
suitable for investors who are looking for economic, geographic and currency
diversification outside of North America.
The RBC Japanese Equity Fund and RBC Asia Pacific Ex-Japan Equity Fund will be
managed by the Hong Kong-based Asian equity team led by Mayur Nallamalla,
senior portfolio manager and head of Asian Equities.
"Over the past four years, we have added substantial depth and experience to
our investment teams in London and Hong Kong." Chornous added. "We are well
positioned to bring global investment opportunities to investors and advisors
with world-class solutions and talent."
The management fees for the funds are outlined in the table below.
|Management Fee (%) |
|Fund Name |
| |A |
|D |F |H |I |
|RBC Global Equity Fund |1.85 |1.85 |1.10 |0.85 |1.70 |0.70 |
|RBC U.S. Equity Value Fund |1.75 |1.75 |1.00 |0.75 |1.60 |0.60 |
|RBC Japanese Equity Fund |1.85 |1.85 |1.10 |0.85 |1.70 |0.70 |
|RBC Asia Pacific Ex-Japan Equity Fund|1.85 |1.85 |1.10 |0.85 |1.70 |0.70 |
All mentioned funds are also available to institutional investors through
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 $315 billion in assets and have approximately 1,200 employees
located across Canada, the United States, Europe and Asia. In 2013, RBC GAM
was recognized as the fastest growing asset manager over the last five years
among the world's top 50 asset managers, and named as having the second
highest growth in assets under management over the last five years(+).
RBC Global Asset Management is part of RBC Wealth Management, 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$675
billion of assets under administration, more than C$411 billion of assets
under management and over 4,400 financial consultants, advisors, private
bankers, and trust officers. For more information, please visit
+Pensions & Investments/Towers Watson global 500 ranking: World's Largest
Asset Managers 2013.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United
States, securities are offered through RBC Wealth Management, a division of
RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada.
Matt Gierasimczuk, RBC GAM Communications,
416-974-2124,firstname.lastname@example.org Leah Commisso, RBC GAM
Communications, 416-955 6498,email@example.com
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-0- Mar/10/2014 13:00 GMT
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