TORONTO, Oct. 20, 2017 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced changes to the risk rating of certain corporate class funds. These changes will be reflected in the renewal of the simplified prospectus for the funds and will be effective October 25, 2017.
RBC GAM Inc. reviews the risk rating for each fund at a minimum on an annual basis, as well as when a fund undergoes a material change. The changes announced today are the result of an annual review and are not a result of any change to the investment objectives, strategies or management of the funds. The changes are consistent with the new methodology mandated by the Canadian Securities Administrators to determine risk level of mutual funds.
Risk rating changes
| Funds |
Current |
New |
| BlueBay Global Convertible Bond Class (Canada) |
Medium |
Low to medium |
| BlueBay $U.S. Global Convertible Bond Class (Canada) |
Medium |
Low to medium |
| RBC QUBE Low Volatility Canadian Equity Class |
Medium |
Low to medium |
| RBC North American Value Class |
Medium |
Low to medium |
| RBC QUBE Low Volatility U.S. Equity Class |
Medium |
Low to medium |
| RBC QUBE Low Volatility Global Equity Class |
Medium |
Low to medium |
| RBC Canadian Mid-Cap Equity Class |
Medium to high |
Medium |
| RBC Emerging Markets Equity Class |
High |
Medium to high |
Please consult your advisor and read the prospectus or Fund Facts document 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. RBC Corporate Class Funds are offered by RBC GAM Inc. and distributed through authorized dealers. RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.
About RBC Global Asset 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 and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage more than C$400 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
Leah Commisso, [email protected], RBC GAM Corporate Communications, 416-955-6498
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