Mr. Doug Coulter reports
RBC GLOBAL ASSET MANAGEMENT LAUNCHES NEW SUITE OF FIVE GLOBAL PORTFOLIOS DESIGNED TO ADDRESS HOME COUNTRY BIAS
Royal Bank of Canada's RBC Global Asset Management Inc. has launched RBC Global Portfolios, an efficient and cost-effective way for investors to diversify beyond their Canadian holdings in a single portfolio that is aligned to their risk and return profile.
On average, Canadians have approximately 90 per cent of their wealth tied to Canada. To address this home country bias, RBC Global Asset Management is introducing RBC Global Portfolios, which are actively managed, tactically rebalanced and leverage the deep investment expertise of RBC Global Asset Management's global investment teams. RBC Global Portfolios comprise mutual funds managed by RBC Global Asset Management (including Phillips, Hager & North Investment Management), BlueBay Asset Management LLP and RBC iShares ETFs (exchange-traded funds).
RBC Global Portfolios build on RBC Global Asset Management's extensive experience in managing portfolio solutions. Using a robust suite of funds that are managed by local teams in global markets, they offer investors a simple solution for their global investing needs.
"RBC Global Asset Management has strategically expanded our global equity and global fixed-income capabilities by attracting top talent," said Doug Coulter, president of RBC Global Asset Management. "RBC Global Portfolios bring together the unique strength and expertise of our 22 investment teams located around the world, and RBC iShares ETFs, to provide clients the global solutions they are looking for."
To accommodate the risk and return profiles of investors, five options are available, ranging from very conservative to all equity. The full RBC Global Portfolios are as shown in the attached table.
The funds are also offered in Series O.
"Canadians are becoming increasingly aware of how concentrated their investments are in Canada," said Mr. Coulter. "They have been asking for more global investment options to diversify their holdings and RBC Global Portfolios is our answer, building on RBC GAM's 30-plus years of managing portfolio solutions."
Please consult your adviser 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 Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset
Management and distributed through authorized dealers. RBC Global Asset Management is a member of the RBC Global Asset Management
group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada. RBC iShares ETFs comprise RBC ETFs managed by RBC Global Asset Management and iShares ETFs managed by BlackRock Asset Management Canada Ltd.
© 2019 Canjex Publishing Ltd. All rights reserved.