These four funds namely RBC Global Equity Fund, RBC U.S. Equity Value Fund, RBC Japanese Equity Fund and RBC Asia Pacific Ex-Japan Equity Fund are 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, chief investment officer, RBC Global Asset Management.
“These new solutions take advantage of the tremendous breadth of RBC GAM’s (Global Asset Management’s) investment capabilities by providing advisers and investors with access to a diversified range of global investment options,” Chornous said.
As the name suggests, RBC Global Equity Fund would invest in equity securities of large global companies, and will be managed by RBC Global Asset Management’s (GAM’s) London-based 10-person global equity team.
The RBC U.S. Equity Value Fund seeks to deploy its corpus mainly in high-quality U.S. companies trading at prices that appear to offer attractive value relative to the overall market. This fund will be managed by RBC GAM portfolio managers, Stu Kedwell and Doug Raymond.
RBC Japanese Equity Fund invests in equity securities of companies located or having a principal business interest in Japan and 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 aims to provide long-term capital growth by investing in equities 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, who joined the company in August, as reported.
http://international-adviser.com/news/people/rbc-gam-hires-hk-based-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. We are well positioned to bring global investment opportunities to investors and advisors with world-class solutions and talent,” Chornous added.
The management fees for the global equity fund range from 0.70%-1.85%, depending upon the class opted by an investor. Similarly, the fees range from 0.60%-1.75%, 0.70%-1.85%, and 0.70%-1.85% for U.S. equity, Japanese equity, and Asia Pacific ex-Japan fund, respectively.
RBC Global Asset Management is the asset management division of Royal Bank of Canada. RBC GAM group of companies manage more than $315bn in assets and have approximately 1,200 employees located across Canada, the United States, Europe.
