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 diversification.
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.
| Fund Name |
Management Fee (%) |
|||||
| Series A |
Advisor | Series D |
Series F |
Series H |
Series 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 Series O.
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 www.rbcwealthmanagement.com
+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. Member NYSE/FINRA/SIPC.
SOURCE: RBC
Matt Gierasimczuk, RBC GAM Communications, 416-974-2124, [email protected]
Leah Commisso, RBC GAM Communications, 416-955 6498, [email protected]
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